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- 1. Multiple ChoiceYou break your arm in a snowboarding accident. You require an emergency room visit and surgery to repair the damage.Long-term care insuranceHealth insuranceRenters insuranceHomeowners insurance
- 2. Multiple ChoiceYou are at fault in a car accident. The other person requires medical treatment and car repairs as a result.Health insuranceHomeowners insuranceLiability insurance included in your auto policyLong term care insurance
- 3. Multiple ChoiceYour uncle expresses concern about how your aunt will pay the bills in the event of his death.Life InsuranceLong term Care InsuranceDisability InsuranceHealth Insurance
- 4. Multiple Choice
Participating in insurance is BEST considered an example of risk __________ .
Mitigation
Transfer
Acceptance
Avoidance
- 5. Multiple Choice
The technique of assessing, minimizing, and preventing
accidental loss to a business, as through the use of insurance, safety measures, etc.
accidental loss insurance
business management
risk management
auto insurance
- 6. Multiple Choice
A formal request to an insurance company asking for a payment based on the terms of the insurance policy.
Policy
Claim
Risk
Premium
- 7. Multiple Choice
The total amount and type of insurance carried.
Claim
Deductible
Coverage
Insurer
- 8. Multiple Choice
The person, group, or property for which an insurance policy is issued. The condition of having insurance.
Insured
Insurer
Homeowner
- 9. Multiple Choice
A stone hits your windshield. Which type of coverage would likely cover this expense?
Collision
Liability
Comprehensive
None
- 10. Multiple ChoiceThe amount paid for insurance is theclosing costpremiumdeductibleassessed value
- 11. Multiple ChoiceThe person named in a life insurance policy to receive the death benefit is called thepolicy holderbeneficiaryrecipientinsurance agent
- 12. Multiple Choice
Insurance can help you:
minimize monthly expenses
protect against unexpected accidents
reduce the chances o fgetting into an accident
cover all out of pocket costs
- 13. Multiple Choice
What are some risk management devices ?
Saving money in an savings account.
Auto, health, and life insurance.
Applying for a passport.
Co-signing for a loan.
- 14. Multiple Choice
What is term life insurance.
Term Life insurance last your whole entire life.
Term Life insurance provides coverage for a fixed amount of time.
Term life is the same as whole life insurance.
Term life is another way of saying whole life.
- 15. Multiple Choice
what is the loss?
is a condition, property or situation with the potential for loss
Risk assessment of hazards identified through a review of the potential unsafe-acts
includes personal injury, death, physical or mental ill-health, damage to property.
Risk ranking is a process by which risks can be prioritised for action
- 16. Multiple Choice
What is a risk?
Risk is the losing something of value.
Risk is gaining something of value.
Risk is the potential to lose or gain something of value.
- 17. Multiple ChoiceProvides payments for both liability and property insurance on a vehicledisability insuranceautomobile insurancecoveragedeductible
- 18. Multiple ChoiceSomeone who receives money if an insured person diesclaimbeneficiarydependentemployee benefits
- 19. Multiple ChoiceInsurance that protects your family against financial loss due to your death iscoinsurancedisability insurancelife insurancecomprehensive insurance
- 20. Multiple ChoiceThe type of insurance that provides protection against financial loss from medical bills is calledhealth insurancecoinsurancelife insurancepremium
- 21. Multiple ChoiceA type of car insurance that covers damage to your OWN motor vehicle iscollisioncomprehensivebodily injuryuninsured motorist
- 22. Multiple ChoiceThe type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is calledterm life insurancebodily insurancecomprehensivecollision
- 23. Multiple ChoiceThis term pays for protection against loss of life, property, and finances.collisionpremiuminsurancedeductible
- 24. Multiple Choice
What does renters insurance cover?
The damage to the property
Earthquakes
Personal items the tenant owns
If a burglar breaks in and he/she is injured as a result
- 25. Multiple Choice
__________ ___________ __________ is a group of selected health care providers who offer comprehensive services at preset reimbursement levels
health maintenance organization
co-payment
preferred provider organization
co-insurance
- 26. Multiple Choice
_____________ ___________ __________ is a prepaid health plan in which care providers contract with (or are) employees of the organization to provide you with services
preferred provider organization
health maintenance organization
life insurance
non-life insurance
- 27. Multiple Choice
This insurance is required by law on the road
Auto
Auto Property
Auto Liability
Long-Term Care
- 28. Multiple Choice
What is true about long-term care insurance?
Long term can only be purchased individually
It helps those in assistant living
It helps accommodates for disabilities
All the above
- 29. Multiple Choice
It's tornado and storm season. The house you live in now needs roof repairs after the hail damage. Which insurance would be used?
Home Liability
Home Property
Renter's Liability
Renter's Property
- 30. Multiple Choice
Which sources are ways to purchase insurance?
Individual
Employer
Government
All the above
- 31. Multiple Choice
Chance of loss
Policy
Policy holder
Premium
Risk
- 32. Multiple Choice
What coverage protects you is someone is injured in an accident you cause?
Property Damage
Bodily Injury
Uninsured Motorist
Under-insured Motorist
- 33. Multiple Choice
What kind of coverage pays for damages to your car if you are at fault?
Collision
Comprehensive
Under-insured Motorist
Uninsured Motorist
- 34. Multiple Choice
What kind of insurance pays for physical damages to your car from acts of nature such as fire?
Property Damage
Medical Payments
Collision
Comprehensive
- 35. Multiple Choice
Which of the following is a way to lower your insurance premium?
have a good driving record
be involved in sports
have a parent with you at all times
buy a sports car
- 36. Multiple Choice
Car B is not insured, what is one way Car A can have the damages paid for.
If car A has liability coverage
If car A has Under-insured Motorist coverage
If car A has Uninsured Motorists coverage
If car A has Comprehensive coverage
- 37. Multiple Choice
What kind of insurance would cover you if you hit a deer? The only damage is to your car.
Liability
Bodily Injury
Comprehensive
None
- 38. Multiple Choice
Who needs auto insurance?
Nobody
People that think they will get into an accident.
All people who drive cars.
People who can afford it.
- 39. Multiple Choice
Who should you call first if you get into an accident?
The Police
Your Parents
The insurance company
No one
- 40. Multiple Choice
A higher deductible results in
a lower premium
a higher premium
a lower claim
a higher claim
- 41. Multiple Choice
Who pays more for auto insurance?
Males
Females
Elderly
Children
- 42. Multiple Choice
The basic areas of coverage offered by home insurance are all the following EXCEPT
Personal Property
Pets
Buildings
Liability
- 43. Multiple Choice
The Affordable Care Act charges a tax to those who choose not to buy health insurance.
True
False
- 44. Multiple Choice
Coinsurance is represented by...
A set amount
A percentage
A maximum amount
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