Insurance & Identity Theft
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
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26 questions
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1.
FLASHCARD QUESTION
Front
What is the basic definition of insurance?
Back
A contract that pays someone for lost or damaged property, injury or death
2.
FLASHCARD QUESTION
Front
What is the possibility of loss or injury to an individual called?
Back
Risk
3.
FLASHCARD QUESTION
Front
After a claim, what is the cost a client must incur before insurance will pay?
Back
Deductible
4.
FLASHCARD QUESTION
Front
What type of insurance covers a person for a specified amount of time?
Back
Term
5.
FLASHCARD QUESTION
Front
Which type of auto insurance covers damage to a car when collision is not involved?
Back
Comprehensive
6.
FLASHCARD QUESTION
Front
Liability Insurance for your car is optional
Back
False
7.
FLASHCARD QUESTION
Front
The purpose of Disability Insurance is: Health Cost Reimbursement, Income Replacement, Investment for Retirement, All Answers are correct
Back
Income Replacement
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