
Insurance Systems Quiz
Authored by Harold Lloyd
Financial Education
8th Grade
Used 5+ times

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41 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does insurance work?
By concentrating risk among a few people
By spreading the risk of financial loss among many people
By eliminating all risks
By increasing the risk for everyone
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you ask the insurance company to help pay for a covered loss, what are you making?
Benefit
Deductible
Claim
Premium
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of insurance that covers vehicles?
Health Insurance
Auto Insurance
Life Insurance
Disability Insurance
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of insurance is specifically designed to cover medical expenses?
Travel Insurance
Housing Insurance
Health Insurance
Long-Term Care Insurance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which insurance type provides financial protection for your home?
Auto Insurance
Housing Insurance
Life Insurance
Travel Insurance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of insurance provides income in the event you are unable to work due to a disability?
Disability Insurance
Travel Insurance
Housing Insurance
Auto Insurance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another name for the Affordable Care Act?
Medicare
Medicaid
ObamaCare
HealthCare Plus
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