The out of pocket cost to the insured when a loss occurs is called...

A type of car insurance that covers damage to your OWN motor vehicle is

This type of insurance should pay for damages if a tree that goes through your roof.

This is the minimum required by law, only repairs the vehicle you hit, not your own

What does renters insurance cover?

In which of the following scenarios will you obligated to pay the least amount of money out-­‐of-­‐pocket for medical expenses?

Which type of Life Insurance policy only pays a beneficiary when a person dies during a pre-determined time period?

Most experts in personal finance say that everyone should have life insurance no matter what age you are.

Which types of insurance are most appropriate for a single, working, 24-year-old who owns a house?

What factors impact the cost of your auto insurance premium?

A policy is a contract between the

Under current law, until what age can a child stay on their parents' health insurance?

You can manage risk by doing all the following except?

Your house/apartment gets broken in to and the criminal steals your TV. The TV is normally covered under which type of insurance?

The basic areas of coverage offered by home insurance are all the following EXCEPT

Which of these is a major category for insurance?

What does the acronym "ACA" stand for know as Obamacare?

What year was Obamacare made?

How many states elected not to expand Medicaid, limiting accessibility for their residents?

______________ insurance provides financial protection against overwhelming medical expenses

___________ ______________offers health care coverage where the health care provider is paid a predetermined dollar amount for the service given

__________ ___________ __________ is a group of selected health care providers who offer comprehensive services at preset reimbursement levels

_____________ ___________ __________ is a prepaid health plan in which care providers contract with (or are) employees of the org. to provide you with services

A(n) _________ is the amount of money you must pay each year before your insurance company starts paying

_______________ requires you to pay either a set amount or a certain percent of medical expenses

A(n) ____________ is a predetermined flat fee you pay for health care services

__________ insurance is financial protection for a family in case the main source of income dies

_______ ________ insurance is for a specified term, such as 5 years, or to a specified age

The __________ is the person who receives money from a life insurance policy if the insured dies

_______ _________ insurance also known as permanent life insurance, offers financial protection for your entire life

_______ _______ is the amount of money you will receive if you cancel your whole life insurance policy

________ ___________ __________ is a whole life insurance policy that is paid up after a specified number of years, or until the insured reaches a certain age, but offers lifetime protection

_________ _________ insurance is a combination of a life insurance policy & a savings acct; it covers the insured for his or her lifetime and any amt the insured pays over the minimum premium goes into an investment acct that earns interest

What coverage protects you is someone is injured in an accident you cause?

What kind of coverage pays for damages to your car if you are at fault?

What kind of insurance pays for physical damages to your car from acts of nature such as fire?

Which of the following does NOT effect the cost of your car insurance?

Which of the following is a way to lower your insurance premium?

If your policy covers $100,000 of Bodily Damage and you cause $234,000 of Bodily Damage what happens?

What do you call the amount you agree to pay in case of an accident?

Car B is not insured, what is one way Car A can have the damages paid for.

What kind of insurance would cover you if you hit a deer? The only damage is to your car.

You are hit by a vehicle but the owner doesn't have insurance. What coverage would pay for the damages?

If your car gets damaged in a hailstorm which would cover the damages to your car?

In which two states can you drive without any auto insurance?

Who needs auto insurance?

Who should you call first if you get into an accident?

The fee a driver pays for continued insurance is called

A higher deductible results in

What is auto insurance?

What is bodily injury coverage?

Who pays more for auto insurance?

What isn't covered under Specialty Insurance?

______________ insurance provides financial protection against overwhelming medical expenses

__________ ___________ __________ is a group of selected health care providers who offer comprehensive services at preset reimbursement levels

A(n) _________ is the amount of money you must pay each year before your insurance company starts paying

Which type of insurance is employer sponsored.

What group of people is covered under Medicare?

Medicaid insurance takes care of people....

This insurance model requires you to select from a list of "approved providers" before you can see a specialist.

What health insurance plan is designated for military personnel and their families?

Managed care networks are required to provide quality care at the:

What is a provider?

If an employee is injured while working, medical expenses are covered through _____.

federal program that allows someone to continue to buy health insurance through their previous employer for up to 18 months after termination from a job

_____ protects patient information; does NOT allow a healthcare employee to share a patient's confidential information with anyone except those who NEED to know

_______________ requires you to pay either a set amount or a certain percent of medical expenses

What is the definition of out-of-pocket maximum?

Mei Ling ’s car collided with another car in an accident and she was at fault. Both cars were badly damaged. Can Mei Ling make claim from her insurance

company if she insures her car under the third party policy on her damage car?

............................ provides coverage against damage caused by fire, lightning and explosion that occur at home or business premise.

.................... protects policyholder against losses during travel whether by land, air or sea such as death and permanent disability, loss of luggage, passport and money

How long is the coverage period for most general insurance policies?

Encik Lee buys an insurance policy to cover himself in case of an accident from Syarikat Insurans Aman for RM 200 000 with a monthly payment of RM150.

Who is the policyholder?

Encik Abdul Razak buys an insurance policy to cover himself in case of an accident from Insurans Berjaya Berhad for RM 250 000 with a monthly payment of RM 250.

How much is the coverage limit?

Motor insurance is calculated based on the ............... that provides the minimum premium for the insurance coverage.

The following statements are the factors of the amount of the premium of a vehicle expect

The premium rates under the Motor Tariff for motor policies issued in Peninsular Malaysia, Sabah and Sarawak are different.

What is X?

You get food poisoning and visit the hospital emergency room.

You are unable to work for three months and need help paying your expenses while you’re out of work.

You have a water leak in the home you own and need to replace the flooring and cabinets in the kitchen.

You are in an accident and although you do not need to be in the hospital, you require full-time care by medical professionals in your home.

You are having a baby and need medical care.

You are elderly and need assistance from medical professionals to continue living at home.

You are unable to work for one year and need income to pay for living expenses.

You lose control of your car and it rolls. Your car can’t be repaired, so you need to purchase a new car.

While driving your car you hit a tree. Your car must be fixed by a professional repair shop.

The house you own is destroyed by a tornado and you need to rebuild.

There is a fire in the apartment you rent and you need to replace all of your clothes and furniture due to smoke damage.

While driving a car, you cause an accident that injures someone else.

A sudden death of a family member results in a loss of household production (Income).

Someone breaks into the apartment you rent and steals your television.

An unexpected death of a family member results in funeral expenses.

You invite people to the apartment you rent and a guest trips over a pair of snow boots and breaks a finger.

The chance of loss from an event that cannot be entirely controlled is called:

At least six months of expenses set aside to cover costs of unexpected expenses is called

A financial product purchased by many people facing a similar risk to protect against the risk of larger losses is called:

A contract between the insurance company and the insured that states the exact terms of the policy is called:

The risks covered and amount of money paid for losses under an insurance policy is called:

The person who owns the insurance policy is the:

The money paid to purchase an insurance policy is called:

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury is called:

The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss is called:

This requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid:

This type of insurance provides money to pay for health care

This type of insurance provides payment to replace earnings during times when workers cannot work due to illness or injury.

This type of insurance provides payment for extended nursing care when a person cannot live independently (but doesn't need to be hospitalized).

This type of insurance provides payment for liability and property insurance on a vehicle.

This type of insurance provides payment to cover liability losses and damage/loss of home structure and its contents

This type of insurance provides payment for damage/loss of property in a rental unit in addition to liability losses

This type of insurance provides payment to others if a member of the insured household accidentally causes harm to other people or property; pays for injury or loss to others.

This type of insurance provides payment to insured person if his/her property is damaged or destroyed by an accident; pays for loss to insured person

A financial product purchased by many people facing a similar risk to protect against the risk of larger losses

The money paid to an insurance company to purchase a policy

The chance of loss from an event that cannot be entirely

controlled

The out‐of‐pocket money paid by the policyholder before an

insurance company will cover the remaining costs attributed to the loss

A contract between the insurance company and the insured

that states the exact terms of the policy including what risks are covered and how much will be paid for any losses

Which is the correct type of insurance that would be used: David’s mother is killed in an automobile accident. What type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed?

Which is the correct type of insurance that would be used: Sally is not feeling well so her mother takes her to the doctor. The doctor tells her she has strep throat, gives her medication, and sends her home to recover. What type of insurance would be used in this case?

Which is the correct type of insurance that would be used: Joey’s father is in a car accident and cannot work. What type of insurance replaces his father’s earnings?

Liability insurance covers accidental harm that may be caused to other people or property.

A beneficiary is the individual who takes out the life insurance policy.

The purpose of insurance is to make you financially better off than you were before the event occurred.

______________ insurance provides financial protection against overwhelming medical expenses