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Business Law Chapter 35

Authored by Jennie Manning

Business

11th - 12th Grade

Used 1+ times

Business Law Chapter 35
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The policyholder and the beneficiary are always the same person.

true

false

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Term life insurance builds a cash value.

true

false

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Homeowner's insurance offers protection only for damage to the home.

true

false

4.

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cost of life insurance is lower when you are young.

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The written contract between a person buying insurance and the insurance company selling it is the

premium

binder

insurance plan

policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount paid for the insurance is the

policy

insurable interest

indemnification

premium

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