
CEFS Unit 1 Topic 10
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
J Bennington
Used 1+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The only compulsory insurance is:
life insurance.
health insurance.
motor insurance.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The insurance premium is:
the amount the insurance company will pay out in the event of a claim.
the amount the policyholder will pay for their cover.
the amount the insurance company will charge in the event of a claim.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Insurance premium tax is payable:
when the policyholder pays for their cover.
when the insurance company pays out in the event of a claim.
when the policyholder submits a claim.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An insurance company will:
pay out for any claim made.
assess each claim and only pay out if the policyholder is covered.
only pay claims where the policyholder is not at fault in any way.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the event of John crashing his car into Emma's, John's third party motor insurance will mean that:
Both John and Emma will be able to claim from John's insurance company for injury or damage to their cars.
Only John will be able to claim from his insurance company for injury or damage to his car.
Only Emma will be able to claim from John's insurance company for injury or damage to her car.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Pay as you go car insurance is:
always cheaper than traditional car insurance.
sometimes cheaper than traditional car insurance.
never cheaper than traditional car insurance.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following people is most likely to insist on you having buildings insurance?
your landlord.
your mortgage lender.
your bank manager.
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