Insurance Quiz

Quiz
•
Other
•
12th Grade
•
Medium
Erin Parker
Used 16+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does PPO stand for?
Personal Property Ownership
Preferred Provider Organization
Professional Practice Organization
Public Protection Order
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does HMO stand for?
Home Mortgage Organization
Highway Maintenance Office
Humanitarian Medical Outreach
Health Maintenance Organization
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does renter's insurance cover?
Automobile damages for renters
Belongings and liability coverage for renters
Homeowners' property and liability coverage
Healthcare expenses for renters
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does uninsured/underinsured coverage in auto insurance protect against?
Your own medical bills after a car accident
Another driver not having enough coverage to pay your losses
Costs to repair or replace your vehicle after events out of your control
Damage to your own vehicle after a crash
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of an underwriter in an insurance company?
Evaluates an individual's risk factors and assigns premium amounts
Sells insurance policies and provides customer service
Calculates risk based on loss percentages and determines insurance rates and premiums
Insures deposits in US banks against bank failure
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of an insurance agent?
Sells insurance policies and provides customer service
Evaluates an individual's risk factors and assigns premium amounts
Calculates risk based on loss percentages and determines insurance rates and premiums
Insures deposits in US banks against bank failure
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is insurance?
An additional form of protection that can be purchased to extend/enhance a manufacturer's warranty on consumer goods
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
The chance of something happening or not happening within a certain number of occurrences
The U.S. corporation insuring deposits in US banks against bank failure
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