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Insurance Terms Quiz

Authored by Patricia Greenstreet

Other

12th Grade

Used 2+ times

Insurance Terms Quiz
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18 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The amount of money you have to pay before your insurance company pays a claim.

The premium

coverage limit

deductible

co-payment

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The amount of money a person or business pays for an insurance policy.

deductible

Coinsurance

co-payment

premium

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The higher your deductible, the higher your premium.

True

False

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The maximum amount of money the insurance will pay for a coverage.

coverage limit

deductible

co-payment

Coinsurance

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A fixed, predetermined amount you pay for a covered health care service at the time of care. Example: $20 for an office visit.

Coinsurance

co-payment

deductible

the premium

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

The percentage of costs of a covered health care service you pay (20%, for example) after you've paid your deductible.

The premium

deductible

co-payment

Coinsurance

7.

MULTIPLE SELECT QUESTION

3 mins • 1 pt

Insurance you must have to cover damage to your vehicle in the event of an accident whether you are at fault or not:

Liability

Comprehensive

Personal Injury Protection

Collision

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