Insurance

Insurance

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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11 questions

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1.

FLASHCARD QUESTION

Front

Which term is given to the amount of money that a policyholder pays before the insurance company will pay the rest? Options: Premium, Deductible, Primary payment, Whole payment

Back

Deductible

2.

FLASHCARD QUESTION

Front

Which term is given to the amount someone pays to have insurance coverage?

Back

Premium

3.

FLASHCARD QUESTION

Front

Which term is given to the formal request made to an insurance company for compensation for a covered loss?

Back

Filing a claim

4.

FLASHCARD QUESTION

Front

How does premium impact deductible?

Back

The lower the premium the higher the deductible

5.

FLASHCARD QUESTION

Front

Which term is given to the contract that explains terms and conditions of what insurance is provided to a customer?

Back

Insurance Policy

6.

FLASHCARD QUESTION

Front

Which type of insurance is typically the most expensive to have? Options: Renters, Life, Health

Back

Health

7.

FLASHCARD QUESTION

Front

Which type of insurance would increase because you are male? Options: Renters, Life, Disability

Back

Life

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