Chapter Two : Terms to Know
Quiz
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Business
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University
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Practice Problem
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Easy
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Under writing
Subject to taxation
risk selection and classification process
added to the basic insurace policy to add/modify or delete policy provisions
A payout method that pays the beneficiary the entire beefit in one payment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accidental Bodily Injury
An unforeseen and unintended injury that resulted from an accident rather than a sickness
An proposed and tended sickness
type of employee benefit plan that allows insureds to choose between different types of benefits
A accidental injury to the body on purpose that resulted from an sickness
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cafeteria Plan
type of employee benefit plan that allows insureds to choose between different types of benefits
Termination of an in-force insurance policy by ether the insured or the insurer prior to the ex. date show in the policy
Risk selection and classification process
Type of unemployment benefit plan that allows insured to choose between specif benefits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cancellation
Health insurance that provides coverage for most types of medical expenses
Insurance does not have a policy by either the insured or the insurer prior to the ex. date
Termination of an in-force insurance policy by ether the insured or the insurer prior to the ex. date show in the policy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Comprehensive coverage
An health insurances that provide 10% coverage for most types of medical expenses
A specified dollar amount that the insured must pay first before the insurace comany will pay the policy benefits
Health insurance that provides coverage for most types of medical expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A specified dollar amount that the insured must pay first before the insurance company will pay the policy benefits
Deductible
Lump sum
nonrewable
Riders
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lump Sum
a payout method that pays the beneficiary the entire benefit in one payment
termination of an insurance policy at its expiration date by not offering a continuation of the existing policy or a replacement policy
Added to the basic insurace policy to add , modify or delet policy provisions
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