Insurance Unit Test

Which of these covers damage to the policyholder’s car when it is involved in an accident?

• Bodily Injury Liability
• Property Damage Liability
• Collision Insurance
• Comprehensive Insurance

Which of these covers physical damage to an individual’s car which occurs as a result of a non-collision incident?

• Bodily Injury Liability
• Property Damage Liability
• Collision Insurance
• Comprehensive Insurance

Which type of risk is covered by insurance?

• Pure Risk
• Speculative Risk
• Neither of These
• Both of These

Which of these is the fixed amount someone has to pay for health care service in order to receive medical attention?

• Co-pay
• Tax
• Premium
• Insurance

Which of these is a portion of a claim the policyholder must pay before the insurance company provides the benefits of the policy?

• Co-pay
• Deductible
• Reimbursement
• Indemnity

Which of these is offered by an employer, union or association to its members while they are still working?

• COBRA
• Individual Health Insurance
• Group Health Insurance
• Health Maintenance Organizations (HMO)

Which of these is available for purchase directly from the insurance company of the policyholder’s choice?

• Preferred Provider Organizations (PPO)
• Individual Health Insurance
• Group Health Insurance
• Health Maintenance Organizations (HMO)

Which of these are health insurance plans which directly employ or contract selected medical professionals to provide health care services?

• Preferred Provider Organizations (PPO)
• COBRA
• Point of Service Plans (PSP)
• Health Maintenance Organizations (HMO)

Which of these typically requires the policyholder to select a primary care physician to provide the majority of their health care and refer them to a specialist as needed?

• Preferred Provider Organizations (PPO)
• COBRA
• Point of Service Plans (PSP)
• Health Maintenance Organizations (HMO)

Which of these allows individuals to keep a former employer’s group coverage for a set period of time?

• Preferred Provider Organizations (PPO)
• COBRA
• Point of Service Plans (PSP)
• Health Maintenance Organizations (HMO)