About This Quiz & Worksheet The following quiz and worksheet have been created to help you review title insurance and its purpose. PLAY. I am a claims adjuster for automobile insurance. You have reached your deductible of $2000, but you have not reached your maximum out-of-pocket limit of $4000 and your co-insurance begins. eZine Articles.com. Start studying Insurance Test. LaTonya purchases a house from John. By MisterE76. Insurance companies allow policy holders to combine all vehicles and drivers on one policy, often resulting in cheaper premiums for the owner. The insurance company covered the rest of the cost of the visit.When Maria's mother went to the hospital, her family was responsible for paying the first $1,000 of the bill. The Federal Deposit Insurance Corporation (FDIC) now insures each depositor, for each ownership category, up to $250,000. A car insurance policy can consist of multiple parts, each paying for a different type of problem. Use this quiz/worksheet combo to test your understanding of insurance. Fundamentals of Insurance - Chapter 3 - Self Exam Question 8 - 15 cards Fundamentals of Insurance - Chapter 4 - 11 cards Fundamentals of Insurance - Chapter 5 - 21 cards Read the passage about a family health insurance … She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Almost everyone has it, but not enough people understand it. 3 years ago. Members save … A relationship must exist between the applicant and the insured. 140. What should you look for when choosing an auto insurance plan? This quiz and worksheet combo will help you quickly assess your understanding of the different types of insurance plans people can obtain. "An agreement between two or more parties enforceable by law" is defined as what? The chief officer of the Dep. Difficulty: Average. Insurance. Preview this quiz on Quizizz. Match. 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One should have the knowledge of risk and how to mitigate or cover the risk is very important for well-being and lack of these knowledge can invite financial troubles in your personal life. Limit of FDI on Insurance in as per 2014 was: a) 47% b) 50% c) 49% d) 51% e) None of These Insurance Awareness Quiz with Answers - BankExamsToday Important links: Take insurance quiz questions and answers to test your knowledge on “ Basics of Insurance for Beginners module”. Adequate Insurance Company agreed, but only on the condition that it receive a portion of the premium the client has paid to Shield Insurance Ltd. Average score for this quiz is 6 / 10. Learn insurance with free interactive flashcards. Cost of repairs, how much you drive in a year, driving record. Offer good through Dec. 18. Take this quiz and see how much you know about the basics of insurance. Upon the death of the insured, the contract is des…, Policyowners are entitled to receive dividends, Broad term used to describe policies that cover loss of income…, 1. busmath. 3. What is consideration? by busmath. You must be logged in to leave a comment. Key Concepts: Terms in this set (9) Liability insurance. Tags: Insurance is something we often don't think about until we need it. Almost everyone has it, but not enough people understand it. B) reinsurance. Insurance Terminology 25 questions Tough, 25 Qns, MisterE76, Nov 16 01. What type of automobile insurance coverage will provide reimbursement for damages to your car if you drove into a tree? stephen_lee178. A report from the police who responded to the accident, your insurance policy, a note from any witnesses or other person involved in accident, the address of the location where accident occured, When you apply for automobile insurance on your own, you will need to provide the insurance company with, Your social security number, details of insurance coverage requesting, your history of driving violations, the vehicle identification number (VIN) of the car you want to insure. (Two), Disability insurance and medical insurance. Start studying Insurance Quiz. 3 years ago. 25 questions, rated Tough. Q. Test taking strategies proven to prepare licensees for the insurance license exam. Test your understanding of Insurance concepts with Study.com's quick multiple choice quizzes. What do you pay out-of-pocket on an automobile or property insurance claim? To spread this risk, Shield Insurance Ltd. contacted Adequate Insurance Company to request that it cover a portion of the risk. 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