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Quiz-Insurance

Quiz by Teresa

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32 questions
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  • Q1
    An employee of an insurance company who calculates risk based on loss percentages and determines insurance rates and premiums
    Actuary
    30s
  • Q2
    A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy
    Claim
    30s
  • Q3
    Auto insurance that protects you against costs to repair your own vehicle after a crash
    Collision Coverage
    30s
  • Q4
    Auto insurance that protects you against costs to repair or replace your vehicle after events out of your control such as weather, vandalism, theft, etc.
    Comprehensive Coverage
    30s
  • Q5
    The portion of a car insurance policy that spells out the details for how to make a claim, what information you must have, how much time you have, and how to cancel your policy
    Conditions Of The Policy
    30s
  • Q6
    A set dollar amount you agree to pay each time you receive medical treatment, while the insurance company agrees to cover the rest
    Copay
    30s
  • Q7
    The page of a car insurance policy which includes a summary description of the insurance coverage provided and gives the maximum dollar limit the insurer will pay for a claim under each coverage
    Declarations Page
    30s
  • Q8
    The amount of money you agree to pay towards your losses before your insurance coverage will begin paying
    Deductible
    30s
  • Q9
    An additional form of protection that can be purchased to extend/enhance a manufacturer's warranty on consumer goods, like phones and electronics
    Extended Warranty
    30s
  • Q10
    The U.S. corporation insuring deposits in US banks against bank failure
    Federal Deposit Insurance Corporation (FDIC)
    30s
  • Q11
    An agreement where you make regular payments to a company and the company promises to pay you money if you suffer an injury, illness, loss, etc
    Insurance
    30s
  • Q12
    An employee of an insurance company who sells insurance policies and provides customer service
    Insurance Agent
    30s
  • Q13
    An act on the part of either the buyer or seller of an insurance contract in an attempt to gain money illegally
    Insurance Fraud
    30s
  • Q14
    A contract in which an individual or entity receives financial protection or reimbursement against losses
    Insurance Policy
    30s
  • Q15
    The main part of a car insurance policy, which clearly spells out every point of what coverage you receive for the premium you're paying
    Insuring Agreement
    30s

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