TGCS Week 1 pop quiz

This is a condition or situation that presents the possibility of a loss.

• Insured

• Billing

• Loss Exposure

• Risk

This is a person covered by an insurance policy.

• Insured

• Insurer

• Policy Term

• Risk

This is a company that sells insurance policies.

• Insurer

• Insured

• Policy

• Risk

This is the possibility of loss

• Risk

• Policy Term

• Insurer

• Lapse

This represents the dates an insurance contract is in force for either 6 or 12 months,

• Policy

• Insured

• Insurer

• Policy Term

This is a document that explains the rights of the insured and insurer.

• Insurance policy

• Policy Term

• Risk

• Transfer

This represents the dollar amount not paid by the insurance company but is shared and paid by the insured in the event of a loss.

• Limit

• Deductible

• Loss Exposure

• Claim

This represents a coverage that reimburses an insured for rental expenses incurred while their vehicle is being repaired for a covered claim,

• Rental Reimbursement

• Towing and Labor Reimbursement

• Liability

• Med Pay

This is an individual who has a contractual agreement with several insurance companies to sell policies on their behalf. They are not employed to these companies but are loyal to them due to this agreement.

• Retail Agents

• Broker

• Independent Agent

• Supplier

What is The General's fastest growing distribution method?

• Retail

• Independent Agent

• Broker

• Internet