US Insurance Delaware Advanced Test 6

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (Delaware) Professional (Insurance, USA) USA — Delaware State Insurance License — USA

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

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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 HMO?

A) no referrals

B) network HMO care plan

C) any doctor

D) PPO

Question 2

What is a premium?

A) deductible

B) copay

C) regular insurance payment

D) claim payout

Question 3

What is a deductible?

A) payout

B) monthly bill

C) copay

D) amount paid before coverage

Question 4

What is a copay?

A) deductible

B) payout

C) premium

D) fixed visit fee

Question 5

What is liability coverage?

A) your car repairs

B) pays others' damage you cause

C) medical for you

D) theft of yours

Question 6

What is PPO?

A) no coverage

B) flexible network plan

C) HMO only

D) free care

Question 7

What is collision coverage?

A) flood

B) your car crash repairs

C) theft

D) liability

Question 8

What is comprehensive coverage?

A) non-crash damage (theft, hail)

B) collision

C) health

D) liability

Question 9

What is term life insurance?

A) investment

B) coverage for a set period

C) no expiry

D) lifetime

Question 10

What is whole life insurance?

A) no payout

B) yearly

C) term only

D) lifetime plus cash value

Question 11

What is a beneficiary?

A) person receiving payout

B) lender

C) adjuster

D) agent

Question 12

What is underwriting?

A) risk assessment for policies

B) canceling

C) claim filing

D) selling

Question 13

What is flood insurance?

A) auto covers

B) homeowners covers

C) no need

D) separate NFIP policy

Question 14

What is an exclusion?

A) deductible

B) covered item

C) what policy does NOT cover

D) premium

Question 15

What is a rider?

A) basic policy

B) cancel

C) claim

D) added coverage option

Question 16

What is coinsurance?

A) copay

B) full coverage

C) shared percent after deductible

D) premium

Question 17

What is an out-of-pocket max?

A) yearly payment ceiling

B) unlimited

C) premium

D) deductible

Question 18

What is an adjuster?

A) assesses claim payouts

B) collects premiums

C) sells policies

D) cancels

Question 19

What is subrogation?

A) canceling

B) refunding

C) insurer recovering from at-fault party

D) doubling payout

Question 20

What is actual cash value?

A) replacement minus depreciation

B) agreed value

C) new price

D) purchase price

US Insurance Delaware Advanced Test 6

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