bảo hiểm

Multiple Choice

A contract between the insurance company and the insured that states the exact terms including what risks are covered is a(n)?

• premium
• policy
• agent
• deductible

Multiple Choice

The money paid to an insurance company to purchase a policy.

• deductible
• copay
• premium
• co-insurance

Multiple Choice

The out-of-pocket money paid by a policyholder before an insurance company will cover the remaining costs caused by a loss.

• premium
• copay
• deductible
• co-insurance

Multiple Choice

John's father passed away. What type of insurance will provide his family with financial support?

• health
• life
• auto
• unemployment

Multiple Choice

Anthony goes to the doctor and receives a prescription for medication to recover from the flu. What type of insurance can be used in this situation?

• health
• disability
• life
• unemployment 

Multiple Choice

A financial product purchased by many people facing a similar risk to protect against the risk of loss.

• insurance
• deductible
• risk management
• premium

Multiple Choice

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness, or injury is called:

• a moral hazard
• a claim
• an insurance adjuster
• a policy review

Multiple Choice

The chance of loss.

• risk
• insurance
• deductible

Multiple Choice

Wearing a helmet while riding a bike is an example of:

• risk avoidance
• risk reduction
• risk assumption (ignore risk)

• risk shifting (transfer risk)

Multiple Choice

Which of the following is NOT a risk management strategy?

• risk analysis
• risk assumption (ignore risk)

• risk shifting (transfer risk)

• risk reduction

Multiple Choice

What type of insurance provides payment to OTHERS if the insured person accidentally causes harm to other people or their property.

• disability
• liability
• worker's compensation
• unemployment

Multiple Choice

If you fall down in your house and sprain your ankle, what type of insurance might be used?

• life
• auto
• long term care
• homeowner's

Multiple Choice

What type of insurance might you be able to use if there is a leaky pipe in your rented apartment and the water ruins your things?

• liability
• auto
• renters
• life

Multiple Choice

What kind of coverage pays for damages to your car if you are at fault?

• Collision

• Comprehensive

• Under-insured Motorist

• Uninsured Motorist

Multiple Choice

What kind of insurance pays for physical damages to your car from acts of nature such as fire?

• Property Damage

• Medical Payments

• Collision

• Comprehensive

Multiple Choice

Which of the following is a way to lower your insurance premium?

• have a good driving record

• be involved in sports

• have a parent with you at all times

• buy a sports car

Multiple Choice

Who should you call first if you get into an accident?

• The cops

• Your Parents

• The insurance company

• No one

Multiple Choice

Of the four parts of auto insurance coverage, which part protects only the other person involved in an accident?

• Liability
• Comprehensive
• Collision
• Medical Payments/Bodily Injury

Multiple Choice

Which of the following is a way to reduce the cost of your insurance premium?

• Good grades
• Number of miles you drive
• Where you live
• All answers are correct

Multiple Choice

Who needs auto insurance?

• Nobody

• People that think they will get into an accident.

• All people who drive cars.

• People who can afford it.