Provides payments for both liability and property insurance on a vehicle

Banking- Unit IV Insurance Exam

Flashcard
•
Specialty, Life Skills
•
11th - 12th Grade
•
Hard
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68 questions
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1.
FLASHCARD QUESTION
Front
Back
automobile insurance
2.
FLASHCARD QUESTION
Front
Someone who receives money if an insured person dies
Back
beneficiary
3.
FLASHCARD QUESTION
Front
A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury
Back
claim
4.
FLASHCARD QUESTION
Front
Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
Back
co-insurance
5.
FLASHCARD QUESTION
Front
The risks covered and amount of money paid for losses under an insurance policy
Back
coverage
6.
FLASHCARD QUESTION
Front
Someone who relies on someone else for income and care
Back
dependent
7.
FLASHCARD QUESTION
Front
The risks covered and amount of money paid for losses under an insurance policy
Back
coverage
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