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Insurance

Authored by Kinsey Colclasure

Other

12th Grade

Used 2+ times

Insurance
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Insurance is _______________

Product that is used to make money in the stock market.

Financial product purchase by people to protect against larger losses.

Financial losses that can be be filed for taxes

A financial way to make a lot of money.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Policy is _______________

Contract between you and the person who hits your car.

Contract between you and your parents to make sure you get paid a good allowance.

Contract between insurance company and

     the insurer to state exact terms of the policy.

Contract between two random people in order to make more money on a pyramid scheme.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Premium _______________

is a bill paid to keep the policy active.

is a bill that you pay when something happens afterwards.

a status on the kind of policy you want.

is a contract between you and the insurance company.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Deductible _______________

out of pocket money you pay when you file a claim

out of pocket money you pay every month with your premium

a status on your insurance policy

is a contract between you and the insurance company.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Claim _______________

An informal request to your company to help you out on a situation

A formal request to the insurance company

after an accident, illness or injury.

a status on your insurance policy

is a contract between you and the insurance company.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Beneficiary is _______________

A person or people who receives money after you pass away

A person or people who pay you after you pass away

a status on your insurance policy

is a contract between you and the insurance company.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Kansas is one of 12 states that falls under the __________________ auto insurance.

No Fault State

Your Fault State

Independent

Legion of Insured

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