Insurance Test Review

Which of the following is NOT a type of insurance

• Automobile

• Flood

• Home

• Underwriter

A contract that is attached to an insurance policy that provides additional insurance benefits is called what?

• An indemnification agreement

• Temporary insurance

• A rider

• Underwriting agreement

What are the two basic types of health care plans available?

• Indemnity plans and managed care

• HMO and PPR

• Managed Care and Tri-Care

• Indemnity insurance and HMO

Patients seeking medical care under a PPO health plan, whether it is in- or out-of-network, are not allowed to see a dentist.

• True

• False

What factors affect my auto insurance rates?

• DWI arrests

• Where I live

• The kind of car I drive

• My driving record

• All of the above

What are the two types of homeowners' insurance?

• Cash value and flood

• Replacement insurance and fire

• Cash value and replacement insurance

• Flood and fire

How can a person reduce homeowners' insurance premiums?

• Install fire and burglary systems

• Raise the deductible

• Shop around for the best rates

• All of the above

What should you consider when choosing a health plan?

• Determine what medical expenses are covered

• Identify preexisting health issues that may not be covered

• Determine if my current physician is part of the insurance network

• Confirm that the plan offers guaranteed renewability

• All of the above

Which of the following terms describes the scope of protection provided under an insurance policy?

• Coverage

• Premium

• Deductible

• Risk

Which of the following terms describes the portion of a claim the policyholder must pay before the insurance company provides the benefits?

• coverage

• Policy

• Premium

• Deductible