Insurance Quiz

Insurance Quiz

Professional Development

75 Qs

quiz-placeholder

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Insurance Quiz

Insurance Quiz

Assessment

Quiz

Professional Development

Professional Development

Medium

Created by

Kaitlyn Yarger

Used 2+ times

FREE Resource

75 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is insurance primarily a way of doing?

Predicting future losses

Transferring risk from the insured to the insurer

Providing government coverage

Enforcing federal laws

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of market is most insurance coverage purchased from?

Government insurers

The voluntary market

The residual market

The stock market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a stock insurer owned by?

Its employees

Its policyholders

Its stockholders

The government

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of insurer is organized under the laws of a state other than the one where it is doing business?

A domestic insurer

A foreign insurer

An alien insurer

A reciprocal insurance company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are insurers that write policies on risks that admitted insurers cannot called?

Standard insurers

Surplus lines insurers

Government insurers

Fraternal benefit societies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary source of information for the insurance underwriting process?

The insurance application

The actuarial department

The state department of insurance

The Gramm-Leach-Bliley Act

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who regulates the business of insurance?

The federal government

The state level

The policyholders

The stockholders

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