AI Commercial Insurance Submission Intake Quiz

Answers and explanations appear as you take the quiz.

1. Which ACORD form is the general commercial insurance application that usually anchors a submission?
   • ACORD 140
   • ACORD 125
   • ACORD 130
   • ACORD 127
2. A submission includes a spreadsheet listing each building, its construction and its value. What is this document called?
   • A loss run
   • A driver schedule
   • A statement of values
   • A binder
3. Why is a classification step needed before extraction?
   • File names and attachment order are unreliable, so the system must identify each document type
   • ACORD forms are encrypted and must be decoded first
   • Regulators require every document to be reclassified by line of business
   • Classification sets the premium before extraction begins
4. What makes loss runs especially hard to extract?
   • They are always handwritten
   • Each prior carrier uses its own layout, with subtotals and claims spanning lines
   • They contain no numerical data
   • They are only available by phone
5. In a typical deployment described in the guide, who makes the final decision on terms and pricing?
   • The intake model
   • The broker's email system
   • A licensed underwriter
   • The appetite-matching score
6. What is the purpose of a clearance check during intake?
   • Confirming the insured has paid prior premiums
   • Detecting whether the same risk is already being handled through another broker
   • Checking the ACORD form edition date
   • Verifying the underwriter's license
7. Which validation rule would catch an extraction error on a property submission?
   • Checking that location values sum to the stated total insured value
   • Checking that the broker email has a subject line
   • Confirming the PDF is under a size limit
   • Verifying the insured's website is online
8. How should a well-designed system handle an unreadable row in a scanned driver schedule?
   • Fill it with the most common value in the column
   • Delete the row to keep the data clean
   • Flag it with low confidence and send it to a human for review
   • Reject the entire submission automatically