Competency Test

Which of the following is not a correct statement regarding the update for the BH Management’s Vendor Service Agreement?

• We will be able to accept endorsements with "signed by both parties only if the vendor has the latest VA.

• Updated VA is only for BH Management and does not apply to BH INVEST and BHOM.

• If a vendor wants to redline the latest VA, we will need to send it for review.

• No available samples for the latest VA on the website or customer service folder to service folder to avoid a vendor from making edits to a VA that has the embedded signature from BH.

• None of the above.

Answer explanation

If a vendor wants to redline the latest/new version of VA, they will need to contact Carrie Andrade at BH. She will work through redlines with them. [e-mail]

Which part of the 9 steps to Success where you make our vendors be self-sufficient when navigating through our website?

• Willingness to Help

• Self Help

• Closing

• Resolve

• None of the above

The following PMCs will offer WC Exemption Form except for ______?

• Dayrise Residential LLC

• Allied Residential

• BLVD RESIDENTIAL

• Highmark Residential LLC

• Griffis Residential

When can you check if the Excess as Additional Insured/Excess follows form?

• When you have correct GL verbiage, and you have a positive indicator in the additional insured box.

• When you have correct GL verbiage, and you have excess follows form.

• When you have no GL additional insured verbiage, a good GL additional insured endorsement, and excess follows form or the excess policy has a positive indicator in the additional insured box on COI.

• Both B and C

• All of the above

Cases that are assigned a _____ Priority are issues where there is a workaround that allows the customer to circumvent the issue until a fix can be applied. These cases should be resolved within 6 to 8 weeks after the case is opened.

• P3 – MEDIUM

• P2 – HIGH

• P1 – CRITICAL

• P4 - ENHANCEMENT

• None of the above

As per ConAm Risk Management, no need to send an RR if the override is about the Auto Limits. OVERRIDE the Auto Limit when there is a/an ____ and the combined total is equal or greater than the Auto limit requirement.

• General Liability policy

• Professional Liability policy

• Excess Liability policy

• Workers Compensation

• None of the above

The following statements are correct for the BH Management Primary & Non-contributory endorsement except for?

• If the GLAI Endorsement with Primary and Non-contributory is for Ongoing Operations only, we should ask for another PNC endorsement for Completed Operations

• If the GLAI Endorsement with Primary and Non-contributory is for Completed Operations only, we should ask for another PNC endorsement for Ongoing Operations.

• If the GLAI Endorsement with Primary and Non-contributory is for Ongoing and Completed Operations, then the PNC coverage cannot be accepted.

• If we receive a standalone Primary and Non-contributory Endorsement form, we have to check if it provides coverage for Ongoing and Completed Operations.

• None of the above

True or False. Prior to sending review request for license, we need to check the licensing link to know if the default industry requires a license and check if there is a Client Specific Industry Code.

• True

• False

The review contact information for ______ has been removed to prevent any accidental sending of a review without a team lead reviewing and rewriting as needed.

• Dayrise Residential LLC

• BLVD RESIDENTIAL

• Griffis Residential

• Highmark Residential LLC

• None of the above

If we receive a call from a vendor that it will take more weeks for them to get the Letter of Assignment as they are required to provide due to W9 code of 5 error (invalid data) on EIN that starts with 0 then we can ask for ______ instead.

• W8

• EIN Assignment Verification Letter

• Income Tax Return document

• Assignment Verification Letter

• None of the above