RISK 112 (Ch.6)

In liability coverage, the premium doesn't depend on ………………

• The insured vehicle value.

• Living area of the insured.

• Age and gender of the driver.

• Years of driving experience.

Factors that affect auto insurance premiums include one of the following.

• Driving record.

• Color of the insured vehicle.

• Name of the reinsurer.

• Name of the insured.

Which of the following is an example of auto insurance fraud?

• Filling claims for injuries related to an auto accident.

• Filling a claim for a single injury.

• Notify the police.

• Filing claims for injuries not related to an auto accident.

Duties of the insured after an accident include one of the following.

• Makes further accidents.

• Preserve the accident scene.

• Run away from the scene of the accident.

• Do not notify the insurer.

Insurance companies use a variety of factors to determine the level of risk for ………

• Each insurance applicant.

• All insurance applicants.

• Reinsurer.

• Brokers.

If the principal driver usually 55 years old or older, so he is eligible to receive ………

• Auto safety features discount.

• Multiple vehicles discount.

• Defensive driver discount.

• Premier discount.

Auto-insurance fraud includes one of the following.

• Reporting the actual cost of repairing insured vehicle. b) Illegally register the insured vehicle to the location.

• Illegally register the insured vehicle to the location.

• legally register the insured vehicle to the location.

• Submit one claim for one injury.

-----------------is the process by which an insurance company considers insured’s application and evaluates his driving record and other factors to see if he meets its guidelines.

• Property policy.

• Liability policy.

• Insurance policy.

• Underwriting.

------------------------is the highest amount an insurance company will pay if the insured make a claim on a covered loss.

• Coverage limit.

• Deductible.

• Violation.

• Premium.

-----------------is the amount of money insurance applicant agrees to pay out-of-pocket when he makes a claim covered by his policy.

• Premium.

• Loss.

• Deductible.

• Coverage limit.