Insurance 2024
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview

25 questions
Show all answers
1.
FLASHCARD QUESTION
Front
The federal agency that oversees insurance companies is
Back
Insurance companies are regulated on a state-by-state basis
Answer explanation
Insurance companies are regulated on a state-by-state basis, not by a federal agency like the Federal Trade Commission or the Department of Transportation.
2.
FLASHCARD QUESTION
Front
What role does insurance play in financial planning?
Back
It guarantees that income and assets are protected
Answer explanation
Insurance guarantees that income and assets are protected, making it an essential component of financial planning.
3.
FLASHCARD QUESTION
Front
Which of the following wouldn't save you money on your auto insurance premium?
- Decrease your deductible
- Reduce or eliminate optional insurance on an older vehicle
- Maintain a good credit history
- Bundle your insurance with other policies
Back
Decrease your deductible
Answer explanation
Decreasing your deductible wouldn't save you money on your auto insurance premium as it typically leads to higher premiums.
4.
FLASHCARD QUESTION
Front
Jennifer has an auto policy of $20,000/$40,000/$10,000. The $10,000 covers
Back
Property damage per occurrence
Answer explanation
The $10,000 covers Property damage per occurrence, which is the limit for damage to someone else's property in an accident.
5.
FLASHCARD QUESTION
Front
A policy is a contract between the
Back
Consumer and the insurance company
Answer explanation
A policy is a contract between the consumer and the insurance company, making this the correct choice.
6.
FLASHCARD QUESTION
Front
Until what age can a child stay on their parents' health insurance?
Back
26
Answer explanation
A child can stay on their parents' health insurance until the age of 26, as per current regulations.
7.
FLASHCARD QUESTION
Front
Your health insurance copay is
Back
A fixed amount of money you pay each time you use your plan
Answer explanation
A fixed amount of money you pay each time you use your plan
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
15 questions
Function Operations and Composite Functions
Flashcard
•
9th Grade - University
15 questions
Unit 4 Test Review
Flashcard
•
10th Grade - University
25 questions
HTML BASICS Test
Flashcard
•
KG - University
17 questions
Literary Terms Flashcard Unit 2
Flashcard
•
10th Grade
17 questions
Literary Terms Flashcard Unit 2
Flashcard
•
10th Grade
11 questions
Unit 1 | Topic 2 | Key Terms - Flashcards
Flashcard
•
9th - 12th Grade
22 questions
HWG Review : Unit 4 - Latin America, Part 2
Flashcard
•
9th Grade - University
22 questions
HWG Review : Unit 4 - Latin America, Part 2
Flashcard
•
9th Grade - University
Popular Resources on Wayground
10 questions
Honoring the Significance of Veterans Day
Interactive video
•
6th - 10th Grade
9 questions
FOREST Community of Caring
Lesson
•
1st - 5th Grade
10 questions
Exploring Veterans Day: Facts and Celebrations for Kids
Interactive video
•
6th - 10th Grade
19 questions
Veterans Day
Quiz
•
5th Grade
14 questions
General Technology Use Quiz
Quiz
•
8th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
15 questions
Circuits, Light Energy, and Forces
Quiz
•
5th Grade
19 questions
Thanksgiving Trivia
Quiz
•
6th Grade
Discover more resources for Life Skills
20 questions
Investing
Quiz
•
9th - 12th Grade
20 questions
Career
Quiz
•
9th - 12th Grade
20 questions
Types of Credit
Quiz
•
9th - 12th Grade
20 questions
Budgeting
Quiz
•
9th - 12th Grade
20 questions
Paying for College
Quiz
•
9th - 12th Grade
59 questions
Wise Financial Literacy Test (Practice Test)
Quiz
•
11th Grade
20 questions
Insurance
Quiz
•
9th - 12th Grade
20 questions
Managing Credit
Quiz
•
9th - 12th Grade