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

Quiz
•
Life Skills
•
9th - 12th Grade
•
Easy
Jory House
Used 4+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
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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