Check your MTA knowledge !

An illustration of a person taking a quiz about insurance policies, with visual elements representing Mid Term Adjustments, like forms and payment methods.

Check Your MTA Knowledge!

Test your understanding of MTA (Mid Term Adjustment) policies with our engaging quiz! Whether you are a seasoned professional or just getting started, this quiz will help you assess your knowledge and learn more about MTA processes.

Key features:

Multiple choice questions
Covers various scenarios and policies
Score as you go!

14 Questions4 MinutesCreated by LearningLeaf752

After the policy is updated/changed the resulting MTA premium can be -

A return premium and An additional premium

Refund premium

Positive Premium

All of the above

If the last take up payment method is by Credit card then at MTA customer can pay through-

Existing Debit card only

Credit Card only

Both Credit and Debit card

Create a new Direct Debit to pay

If the last take up payment method is by Debit card then at MTA customer can pay through-

Existing Direct Debit

Credit card

Both A and B

Customer cannot pay

If the total payable at MTA is 0 then what is the next screen user is taken to ?

MTA premium screen to make the payment

Payment screen to confirm the payment

Abandon MTA screen and user comes back to Policies screen

Confirmation screen for wintrix to process and user is taken to MTA confirmation page MTA

When the customer has a refund due at MTA with a successful direct debit on last take up then the refund will be processed on-

Only able to update DD (Direct Debit)

Can refund on card

Customer can specify the card details for refund

Customer wouldn't need to specify anything

When the customer has a refund due at MTA with a successful Credit card on last take up then the refund will be processed on-

Refund on card message

Can set up new direct debit details

Either on a card or direct debit

Both B and C

If you abandon the MTA on MTA premium page what should be the policy status ?

Live Pending

Adjustment Pending

Adjustment Live

Live

When does the option to Cancel the Pending MTA gets enabled ?

After the MTA is taken up

As soon as user makes the payment

For the policy status - 'Adjustment Pending'

If user abandons the MTA

When can you see the ' Cancel Pending Adjustment' button enabled for a MTA'd policy ?

For a MTA done with future effective date/time

Abandoned MTA

When customer pays through a credit card

When customer pay through direct debit

What will the policy status return to after you have cancelled the pending MTA ?

Adjustment cancelled

Adjustment pending

Live

Adjustment Live

Where can you see that MTA has been taken up on your policy ?

By selecting Policy History option on highlighted policy

By selecting Amend Policy option on highlighted policy

By selecting Policy Summaryoption on highlighted policy

None of the above

What is MTA comparison screen ?

Compares previous and recent premium only

Compares between the previous and current (MTA'd) policy details

Compares the breakdown of MTA quote result comments

All of the above

Check your MTA knowledge !

Check Your MTA Knowledge!

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