
Insurance Basics
Authored by Angel Pilcher
Business
9th - 10th Grade
Used 3+ times

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following terms describes the scope of protection provided under an insurance policy?
coverage
premium
deductible
risk
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following terms describes the fee the policyholder pays to the insurance company in order to be insured for a defined period of time?
deductible
premium
policy
coverage
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following terms describes the portion of a claim the policyholder must pay before the insurance company provides the benefits?
deductible
coverage
policy
premium
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following types of risks are completely accidental and unintentional?
negligence
hazards
speculative risks
pure risks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following types of risks carry a chance of either loss or gain?
pure risks
negligence
hazards
speculative risks
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