Quiz-Insurance
Quiz by Teresa
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32 questions
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- Q1An employee of an insurance company who calculates risk based on loss percentages and determines insurance rates and premiumsActuary30s
- Q2A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policyClaim30s
- Q3Auto insurance that protects you against costs to repair your own vehicle after a crashCollision Coverage30s
- Q4Auto 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 Coverage30s
- Q5The 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 policyConditions Of The Policy30s
- Q6A set dollar amount you agree to pay each time you receive medical treatment, while the insurance company agrees to cover the restCopay30s
- Q7The 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 coverageDeclarations Page30s
- Q8The amount of money you agree to pay towards your losses before your insurance coverage will begin payingDeductible30s
- Q9An additional form of protection that can be purchased to extend/enhance a manufacturer's warranty on consumer goods, like phones and electronicsExtended Warranty30s
- Q10The U.S. corporation insuring deposits in US banks against bank failureFederal Deposit Insurance Corporation (FDIC)30s
- Q11An agreement where you make regular payments to a company and the company promises to pay you money if you suffer an injury, illness, loss, etcInsurance30s
- Q12An employee of an insurance company who sells insurance policies and provides customer serviceInsurance Agent30s
- Q13An act on the part of either the buyer or seller of an insurance contract in an attempt to gain money illegallyInsurance Fraud30s
- Q14A contract in which an individual or entity receives financial protection or reimbursement against lossesInsurance Policy30s
- Q15The main part of a car insurance policy, which clearly spells out every point of what coverage you receive for the premium you're payingInsuring Agreement30s