
Chapter 21.1 Insurance
Authored by Linda Ciccatelli
Business
12th Grade
Used 20+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a group health insurance plan, many employers pay at
least part of each employee's premium.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Term life insurance is very expensive because it is issued
for a short period of time.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Major medical insurance typically pays for routine medical care, prescriptions, and outpatient hospital care.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disability insurance provides benefits if someone cannot work because of a disability.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For property insurance, insurable interest must exist at the time of the loss. For life insurance, insurable interest must exist
at the time you buy insurance
at the time you use insurance
one month prior to buying insurance
within 48 hours after buying the insurance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To purchase insurance, a person must have a(n) ____________________ in the person or property to be insured .
PPO
Insurable Interest
Inland marine
Annuity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of doctors or hospitals that provides care for employees at a reduced rate is called a ____________________.
Insurable Interest
Testimony capacity
PPO (preferred provider organization)
Annuity
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