US Insurance Colorado Test 8

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 8 (Colorado) Professional (Insurance, USA) USA — Colorado State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — Colorado.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 8 (Colorado) · Education: Professional (Adult) · Part: Insurance — Test 8 (Colorado) · Country: USA · Region: USA — Colorado

A regular habit of taking practice tests makes learned information stick and is one of the most important factors directly affecting exam success.

This test will help you gauge your knowledge in your field and manage your exam prep more efficiently.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is replacement cost?

A) depreciated

B) market

C) new-item price coverage

D) used value

Question 2

What is a premium?

A) claim payout

B) regular insurance payment

C) copay

D) deductible

Question 3

What is a deductible?

A) amount paid before coverage

B) monthly bill

C) payout

D) copay

Question 4

What is a copay?

A) fixed visit fee

B) payout

C) deductible

D) premium

Question 5

What is liability coverage?

A) pays others' damage you cause

B) medical for you

C) your car repairs

D) theft of yours

Question 6

What is collision coverage?

A) your car crash repairs

B) flood

C) liability

D) theft

Question 7

What is comprehensive coverage?

A) liability

B) collision

C) non-crash damage (theft, hail)

D) health

Question 8

What is a waiting period?

A) time before coverage starts

B) grace period

C) free look

D) renewal

Question 9

What is term life insurance?

A) no expiry

B) coverage for a set period

C) investment

D) lifetime

Question 10

What is whole life insurance?

A) term only

B) no payout

C) yearly

D) lifetime plus cash value

Question 11

What is a beneficiary?

A) lender

B) adjuster

C) agent

D) person receiving payout

Question 12

What is underwriting?

A) claim filing

B) canceling

C) risk assessment for policies

D) selling

Question 13

What is an exclusion?

A) premium

B) what policy does NOT cover

C) deductible

D) covered item

Question 14

What is a rider?

A) basic policy

B) claim

C) added coverage option

D) cancel

Question 15

What is grace period?

A) claim time

B) extra payment time

C) cancel window

D) free coverage

Question 16

What is coinsurance?

A) premium

B) full coverage

C) shared percent after deductible

D) copay

Question 17

What is an out-of-pocket max?

A) unlimited

B) deductible

C) yearly payment ceiling

D) premium

Question 18

What is HMO?

A) any doctor

B) PPO

C) no referrals

D) network HMO care plan

Question 19

What is PPO?

A) flexible network plan

B) HMO only

C) no coverage

D) free care

Question 20

What is flood insurance?

A) homeowners covers

B) separate NFIP policy

C) no need

D) auto covers

US Insurance Colorado Test 8

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