Insurance

Insurance

9th - 12th Grade

11 Qs

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Unit 5: Insurance

Unit 5: Insurance

Insurance Quiz

Insurance Quiz

Insurance

Insurance

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Lauren Zomboracz

Used 107+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term is given to the amount of money that a policyholder pays before the insurance company will pay the rest.

Premium

Deductible

Primary payment

Whole payment

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term is given to the amount someone pays to have insurance coverage.

Premium

Deductible

Co-Payment

Whole payment

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term is given to the formal request made to an insurance company for compensation for a covered loss

Filing a claim

Filing a benefit

Filing a Co-Payment

Filing a deductible

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How does premium impact deductible?

The higher the premium the higher the deductible

The lower the premium the higher the deductible

The lower the premium the lower the deductible

There is no correlation between premium & deductible

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term is given to the contract that explains terms and conditions of what insurance is provided to a customer.

Insurance fraud

Insurance Premium

Insurance Deductible

Insurance Policy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of insurance is typically the most expensive to have?

Renters

Life

Health

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of insurance would increase because you are male?

Renters

Life

Disability

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