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To spread this risk, Shield Insurance Ltd. contacted Adequate Insurance Company to request that it cover a portion of the risk. Trivia Quiz - Insurance Terminology Category: Insurance Quiz # 57,770. What is a stock company? Here are some terms and issues that patients and providers become familiar with as they negotiate the system. Insurance DRAFT. By MisterE76. A foreign insurer is incorporated where? I am a claims adjuster for automobile insurance. Members save … Insurance is something we often don't think about until we need it. Tends to follow the vehicle. How much do you have to pay if you go to the doctor and the visit is $150? 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Allows an applicant to seek insurance for any other living entity. Insurance DRAFT. Edit. Here is a small quiz about your policy and what to do in case an accident occurs. -After college, short-term disability should be covered by your emergency fund of three to six monthsʹ worth of expenses, staying out of debt, and having a money plan. The policy matures and the cash value is paid to the insured. You must be logged in to leave a comment. 65% average accuracy. The agency also identifies, monitors, and addresses risks to the insured deposits. -Disability insurance is not necessary if you have a good health insurance policy. What coverage reimburses a car's owner if the car is stolen? Collision insurance. (hint: choose 3 correct answers) It looks like your browser needs an update. GJEL » Personal Injury Resources » Auto Insurance Quiz Answers. A relationship must exist between the applicant and the insured. 880 times. Your coverage should be for 65% of your income. 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Test taking strategies proven to prepare licensees for the insurance license exam. Preview this quiz on Quizizz. 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: Learn vocabulary, terms, and more with flashcards, games, and other study tools. Take this 10-question quiz and learn how health insurance literate you are compared to a nationally representative survey of U.S. adults who were asked the same questions. Save. | Comments: 0 En español Please leave your comment below. Not meeting long-term financial goals, not having a vehicle for transportation, poor credit rating, not being able to stick with your budget, Which general types of insurance is often provided by employers? Preview this quiz on Quizizz. Key Concepts: Terms in this set (9) Liability insurance. Take insurance quiz questions and answers to test your knowledge on “ Basics of Insurance for Beginners module”. What do you pay out-of-pocket on an automobile or property insurance claim? by busmath. If you were in a car accident, what is needed when you file a claim? Almost everyone has it, but not enough people understand it. Take this quiz! What is consideration? A. About This Quiz & Worksheet. 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. Insurance companies allow policy holders to combine all vehicles and drivers on one policy, often resulting in cheaper premiums for the owner. What is express authority? To play this quiz, please finish editing it. busmath. I'll give you some basic insurance related terms and concepts as they relate to insurance in the United States. The amount paid for insurance is the . The chance of loss from some type of danger, Written contract detailing what an insurance company will cover, how much it will pay, how much you will pay, The maximum amount the insurance company will pay if you file a claim, The rights and responsibilities of the insured and the insurance company, A request for payment to recover financial loss from damages, Two most important types of insurance you need at a young age. (Two), Disability insurance and medical insurance. Start studying Insurance Quiz. The amount paid for insurance is the . 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