Insurance Quiz

Insurance Quiz

9th - 12th Grade

15 Qs

quiz-placeholder

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Insurance Quiz

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Assessment

Quiz

Life Skills

9th - 12th Grade

Easy

Created by

Jory House

Used 4+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An arrangement in which an individual will receive financial protection or reimbursement is called

premium

insurance

deductible

claim

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The money paid to an insurance company to purchase a policy, usually in monthly increments, is called

grace period

policy

premium

deductible

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The out-of-pocket money paid BEFORE an insurance company will cover the remaining costs is called a

deductible

premium

claim

policy

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The chance of loss from an event that cannot be entirely controlled is called

policy

deductible

risk

premium

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A formal request by a policyholder to their insurance company for compensation for a covered loss

deductible

premium

co-pay

claim

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A contract between an insurance company and an insured individual that states the exact terms of what is covered and how much will be paid for any losses.

coverage

policy

premium

deductible

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What type of insurance is used: David's mother is killed in an auto accident, what type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed?

Property & Liability

Health

Life

Disability

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