
oc 4.3
Quiz
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Other
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12th Grade
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Practice Problem
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Medium
Kwity Vira
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does subject matter mean in insurance?
The newspaper headline
The insurance agent
The item being insured
The complaint letter
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Principle of Insurable Interest mean?
To share all important facts honestly and completely
The insured must have a financial interest in the insured item
The insurer becomes the owner of the damaged item
Claiming the full loss amount from more than one insurer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Principle of Causa Proxima focus on?
The earliest cause of damage
The reason the policy was bought
The final settlement date
The most direct cause of the loss
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under which principle does the insurer take over the legal rights of the insured after paying for the loss?
Subrogation
Contribution
Insurable Interest
Causa Proxima
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Does principle of indemnity applies to life insurance?
Yess
Nope
I wasn't listening
Not my vibe
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which policy does the insured receive the sum assured at the end of the policy if they survive?
Whole Life Policy
Endowment Insurance Policy
Term Insurance
Money-back Policy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does ULIP combine in one policy?
Insurance and Retirement
Life Insurance and Health Insurance policy
Life Insurance and Mutual Fund Investment
Child and Health Cover
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