WorksheetsChapter 6 Assessment
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
4.) A plan for sharing the risk of medical costs resulting from injury or illness
a)
health insurance
b)
beneficiary
c)
disability insurance
d)
fee-for-service plan
e)
health maintenance organization (HMO)
2.
5.) The person designated to receive money from a life insurance policy
a)
beneficiary
b)
disability insurance
c)
fee-for-service plan
d)
health insurance
e)
health maintenance organization (HMO)
3.
6.) Insurance that pays money to the beneficiary upon the death of the insured person
a)
life insurance
b)
beneficiary
c)
disability insurance
d)
fee-for-service plan
e)
health insurance
4.
7.) A type of health insurance plan that allows patients to choose any doctor or other provider for medical services
a)
fee-for-service plan
b)
beneficiary
c)
disability insurance
d)
health insurance
e)
health maintenance organization (HMO)
5.
12.) Insurance that provides income to replace a portion of normal earnings when the insured is unable to work due to a nonwork-related injury or illness
a)
disability insurance
b)
beneficiary
c)
fee-for-service plan
d)
health insurance
e)
health maintenance organization (HMO)
6.
4.) The likelihood of a risk returning in a loss
a)
probability
b)
loss
c)
premium
d)
risk
e)
risk assessment
7.
6.) Passing a risk to another party
a)
risk transfer
b)
loss
c)
premium
d)
probability
e)
risk
8.
8.) The process of identifying risks and deciding how serious they are
a)
risk assessment
b)
risk transfer
c)
loss
d)
premium
e)
probability
9.
9.) Setting aside money to be used in the event of an injury or loss of assets
a)
self-insure
b)
loss
c)
premium
d)
probability
e)
risk
10.
12.) The price you pay for insurance coverage
a)
premium
b)
loss
c)
probability
d)
risk
e)
risk assessment
11.
4.) Protection against injuries suffered by others while on your property or as a result of your actions
a)
liability coverage
b)
auto insurance
c)
collision coverage
d)
comprehensive coverage
e)
home inventory
12.
5.) A policy that protects a car owner from losses as a result of accidents
a)
auto insurance
b)
collision coverage
c)
comprehensive coverage
d)
home inventory
e)
homeowners insurance
13.
6.) A policy that protect property owners from risk of loss to their real and personal property
a)
homeowners insurance
b)
auto insurance
c)
collision coverage
d)
comprehensive coverage
e)
home inventory
14.
9.) A policy that process renters from personal property and liability risks
a)
renters insurance
b)
auto insurance
c)
collision coverage
d)
comprehensive coverage
e)
home inventory
15.
7.) The chance of injury, damage, or economic loss
a)
risk
b)
risk transfer
c)
loss
d)
premium
e)
probability
100 %
