Insurance Vocabulary Part I

Insurance Vocabulary Part I

9th - 12th Grade

20 Qs

quiz-placeholder

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Insurance Vocabulary Part I

Insurance Vocabulary Part I

Assessment

Quiz

Life Skills, Business

9th - 12th Grade

Medium

Created by

Madison Irving

Used 66+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Amount you pay per year for insurance before your plan benefits take effect

Cash value

Annual deductible

Co-pay

Deductible

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When an insurance company is required to provide coverage for by state insurance law.Regulators deal with assigned risks by requiring insurers to pool together to provide coverage

Comprehensive

Insurance

Assigned risk pool

Insurance Benefit

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Contract between you and the insurance company. Covers you while driving. Provides property, liability, and medical coverage

Automobile insurance

Collision insurance

Disability insurance

Long-term care insurance

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A person who derives advantage from something, especially a trust, will, or life insurance policy

Benefit period

Claim

Cash value

Beneficiary

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Length of time during which a policyholder or their dependents may file and receive payment for a covered hazard.

Cash value

Deductible

Benefit period

Death benefit

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cash amount offered to the policy owner by the issuing life carrier upon cancellation of the contract

Claim

Insurance

Cash value

Deductible

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A formal request to an insurance company for coverage or compensation for a covered loss or policy event

Beneficiary

Co-pay

Claim

Death benefit

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