insurance basics
whole life insurance
a variable life policy is an example of which of the following types of life insurance
type of structure
a wood home is more expensive to insure than a brick home. considering this example, the price of the home insurance is affected by which of the following factors
rating territory
allison's insurance price decreased when she moved from the city to the country. considering this example, the insurance price is affected by which of the following factors
vehicle type
an imported car costs more to insure because it has more expensive replacement parts. considering this example, the insurance price is affected by which of the following factors
reviewing the results
asking yourself "do i have any new needs" is a method to fulfill which of the following steps of selecting an insurance program
financial responsibility laws
automobile insurance is often required by which of the following types of laws
elimination period
emma became disabled and was told she has to wait three months before she can begin collecting benefits from her disability income insurance. which of the following insurance policies is responsible for such a situation
personal property floater
extremely valuable personal property can be insured by purchasing which of the following types of insurance
car loan payoff coverage
which of the following is a coverage payoff which provides coverage beyond a vehicles actual cash value
HO-4
which of the following is a type of renter's insurance
HO-6
which of the following is a type of renter's insurance specifically for condominiums
universal life insurance
which of the following is an adjustable-benefit life insurance which accumulates account value
claim settlement
which of the following is an agreement between an insurance company and an insured client to settle an insurance claim with payments or other terms
appraisal
which of the following is conducted when the claim professional inspects the property to determine whether the loss is covered
beneficiary
which of the following is the term for the person who will receive the benefits of an insurance policy upon the death of the policyholder
resolution
which of the following is when the insurance company issues payment based on the estimate for repairs at the end of the initial inspection
medicare
which of the following medical assistance programs is federally funded and available mainly to people over the age of 65 or people with certain disabilities
medicaid
which of the following medical assistance programs is offered to certain low income individuals and families
personal liability
which of the following refers to the fact the policyholders are held responsible for any accident which occurs on their property
whole life insurance 9
which of the following is NOT a source of disability insurance
disability income policy
which of the following is NOT an example of a whole life insurance policy
location 7
which of the following is NOT an important factor when choosing an insurance company
personality
which of the following is NOT an important factor when setting insurance goals
filing complaint in appropriate court
which of the following is NOT one of the four steps in home claim settlements
talking to an attorney
which of the following is NOT one of the stages in an auto claim settlement
keep it short and simple
which of the following is NOT true about despositions
talking with the person's doctor
which of the following is NOT done when a claim professional is conducting a property inspection
weight of snow
a HO-1 policy does NOT protect against which of the following
three
it is suggested to compare at least how many price quotes in order to get a reasonable price
$1,400
jason's car needs a $1,500 repair and he has a $100 deductible with his auto insurance. how much will the insurance pay for the repair
location
lower insurance rates are offered to homes closer to water hydrants. considering this example, the price of home insurance is affected by which of the following factors
basic health insurance
routine doctor visits are covered by which of the following types of insurance
$500
susan's medical bill is $2,500 and her co-insurance is 80%/20%. how much does susan pay after the deductible
eyelash extensions
vision care insurance commonly does NOT fully or partially cover which of the following
endorsement
which of the following are adjustments made to insurance policy contracts which specify coverage under certain special circumstances or for noted valuables
out-of-pocket limits
which of the following caps the amount of money the policyholder must pay for co-insurance
first notice of loss
which of the following correctly defines the acronym FNOL
state insurance department
which of the following government agencies can confirm whether an insurance company has a valid license
Health Maintenance Organization (HMO)
which of the following health care plans typically requires the policyholder to select a primary car physician
guaranteed renewability
which of the following insurance policies allows an individual to still be covered as long as he or she pays the premium
homeowners income
which of the following is NOT a factor affecting home insurance prices
lawyer
which of the following is NOT a person who will be spoken with during the assignment stage
debt cancellation coverage
which of the following supplemental insurance types is a contract in which a bank agrees to cancel all of part of a customers obligation to repay a loan due to an event such as death, disability or involuntary loss of employment
assigned risk pool
which of the following terms describes a group of people who CANNOT obtain an insurance policy from regular carriers due to a poor driving record
premium
which of the following terms describes the fee the policyholder pays to the insurance company in order to be insured for a defined period of time
deductible
which of the following terms describes the portion of a claim the policyholder must pay before the insurance company provides the benefits
coverage
which of the following terms describes the scope of protection provided under an insurance policy
workers compensation
which of the following types of disability insurance covers workers who are injured or become ill due to workplace conditions
group health insurance
which of the following types of health insurance is provided by employers
COBRA
which of the following types of insurance allows individuals to keep a former employer's group coverage for a set period of time
uninsured motorist protection
which of the following types of insurance covers costs if an individual is involved in a car accident with an uninsured driver
bodily injury liability
which of the following types of insurance covers physical injuries to others caused by an accident for which the policyholder was responsible
long-term care insurance
which of the following types of insurance covers the expense of daily help when a person is unable to take car of themself
property damage liability
which of the following types of insurance is applied when the policyholder damages the property of another person
comprehensive insurance
which of the following types of insurance is required when a car is financed or leased
medical payments coverage
which of the following types of insurance pays the costs of minor accidental injuries to visitors of the policyholder's home
umbrella policy
which of the following types of insurance supplements the policyholder's personal liability coverage to protect against personal catastrophe
term life insurance
which of the following types of life insurance provides protection against loss of life for a specified period of time
pure risks
which of the following types of risks are completely accidental and unintentional
speculative risks
which of the following types of risks carry a chance of either loss or gain