WorksheetsInsurance in Ireland Assessment
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
1. What is the primary purpose of insurance?
a)
a. To protect against financial loss
b)
b. To promote financial gain
c)
c. To provide tax benefits
d)
d. None of the above
2.
2. Which of the following is a type of insurance commonly used in Ireland?
a)
a. Health insurance
b)
b. Pet insurance
c)
c. Travel insurance
d)
d. All of the above
3.
3. What is the role of an insurance premium?
a)
a. To cover administrative costs only
b)
b. To provide profit to the insurance company
c)
c. To pay for the insured's claims
d)
d. None of the above
4.
4. Which of the following is an example of property insurance?
a)
a. Life insurance
b)
b. Car insurance
c)
c. Health insurance
d)
d. None of the above
5.
5. What is the purpose of a deductible in insurance?
a)
a. To limit the amount of coverage provided
b)
b. To increase the premium cost
c)
c. To reduce the insured's financial risk
d)
d. None of the above
6.
6. Which government agency regulates insurance in Ireland?
a)
a. Central Bank of Ireland
b)
b. Irish Insurance Federation
c)
c. Financial Services Authority
d)
d. European Insurance and Occupational Pensions Authority
7.
7. What is the term used to describe the amount an insured person must pay out of pocket before insurance coverage begins?
a)
a. Premium
b)
b. Deductible
c)
c. Claim
d)
d. Policy
8.
8. Which of the following is NOT a type of life insurance?
a)
a. Term life insurance
b)
b. Whole life insurance
c)
c. Variable life insurance
d)
d. Health insurance
9.
9. Which type of insurance provides coverage for damage or loss caused by flooding?
a)
a. Home insurance
b)
b. Car insurance
c)
c. Travel insurance
d)
d. Flood insurance
10.
10. What is the purpose of an insurance claim?
a)
a. To request a refund of premium
b)
b. To report an accident or loss
c)
c. To cancel the insurance policy
d)
d. None of the above
11.
11. Which of the following is an example of liability insurance?
a)
a. Home insurance
b)
b. Car insurance
c)
c. Health insurance
d)
d. None of the above
12.
12. What does the term 'no-claims bonus' refer to in insurance?
a)
a. A discount on the insurance premium for not making a claim
b)
b. A special bonus for high-value claims
c)
c. A penalty for making too many claims
d)
d. None of the above
13.
13. Which of the following is an example of health insurance coverage in Ireland?
a)
a. Medical expenses
b)
b. Dental care
c)
c. Mental health services
d)
d. All of the above
14.
14. What is the purpose of an insurance policy?
a)
a. To outline the terms and conditions of coverage
b)
b. To collect premium payments
c)
c. To handle insurance claims
d)
d. None of the above
15.
15. Which of the following is true about third-party insurance?
a)
a. It covers damage to the insured person's property only
b)
b. It provides coverage for bodily injury or property damage caused by the insured person
c)
c. It is not a common type of insurance in Ireland
d)
d. None of the above
16.
16. Which of the following is a factor that influences the cost of insurance?
a)
a. Age of the insured person
b)
b. Driving record (for car insurance)
c)
c. Health history (for health insurance)
d)
d. All of the above
17.
17. What is the purpose of an insurance policy deductible?
a)
a. To provide coverage for small claims only
b)
b. To reduce the cost of the premium
c)
c. To discourage small and frequent claims
d)
d. None of the above
18.
18. Which of the following is NOT a type of insurance commonly used in Ireland?
a)
a. Home insurance
b)
b. Car insurance
c)
c. Pet insurance
d)
d. Crop insurance
19.
19. What is the benefit of having multiple insurance policies with the same provider?
a)
a. Lower overall premium cost
b)
b. Higher coverage limits
c)
c. Faster claim processing
d)
d. None of the above
20.
20. Which of the following risks is typically NOT covered by insurance?
a)
a. Natural disasters
b)
b. Theft and burglary
c)
c. Personal injury caused by negligence
d)
d. Deliberate damage caused by the insured person
100 %
