Insurance Basics: Overview Flashcard

Insurance Basics: Overview Flashcard

Assessment

Flashcard

Financial Education

12th Grade

Hard

Created by

Quizizz Content

FREE Resource

Student preview

quiz-placeholder

10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Which term describes the scope of protection provided under an insurance policy? Options: Coverage, Premium, Deductible, Risk

Back

Coverage

2.

FLASHCARD QUESTION

Front

Which term describes the fee the policyholder pays to the insurance company in order to be insured for a defined period of time?

Back

Premium

3.

FLASHCARD QUESTION

Front

Which term describes the portion of a claim the policyholder must pay before the insurance company provides the benefits? Options: Coverage, Policy, Premium, Deductible

Back

Deductible

4.

FLASHCARD QUESTION

Front

Which of the following types of risks are completely accidental and unintentional? Hazards, Negligence, Pure risks, Speculative risks

Back

Pure risks

5.

FLASHCARD QUESTION

Front

Which of the following types of risks carry a chance of either loss or gain? Negligence, Pure risks, Hazards, Speculative risks

Back

Speculative risks

6.

FLASHCARD QUESTION

Front

Which of the following is NOT an important factor when setting insurance goals? Income, Age, Personality, Lifestyle

Back

Personality

7.

FLASHCARD QUESTION

Front

Which of the following is NOT an important factor when choosing an insurance company? Licensing, Price, Financial solidity, Location

Back

Location

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?