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WorksheetsInsurance
Total questions: 10
Worksheet time: 6mins
When applying for insurance you must fill out a ...
Claim Form
Proposal Form
Application Form
Which of the following are “Principles of Insurance”. Select as many as you think are correct.
Indemnity
Intimidation
Subrogation
Alliteration
Insurable Interest
Utmost Good Faith means..
That you must tell half of the truth when applying for insurance.
That you must be honest about all material facts when applying for insurance.
Make up all of the material facts on your application form.
A “No Claims Bonus” is an example of a
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Discount
Principle of Insurance
Type of insurance
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Added to the insurance premium because of extra risk.
A discount
Because you are a bad driver.
An endowment policy
Can only be drawn down when the company goes bankrupt.
Can be drawn down at a specific date or upon death.
Can be drawn down whenever the insured feels like it.
Car insurance is NOT compulsory in Ireland
True
False
Which are the three types of Car Insurance available in Ireland. Choose three options below.
Third Party Insurance
Comprehensive Insurance
Third Party, Fire and Theft Insurance.
Full Insurance
Accident Insurance
John Insured his house with two different insurance companies. When his car was stolen, he placed a claim with both companies. Which Principle of Insurance is in place here?
Indemnity
Subrogation
Utmost Good Faith
Contribution
Insurable Interest
Insurable Interest means...
You can only insure something that you own and will suffer financially from its loss.
You can insure your neighbours home.
You can insure anything you want.
