US Insurance Ethics Advanced Test 5

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 5 (Ethics Advanced) Professional (Insurance, USA) USA State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 5 (Ethics Advanced) · Education: Professional (Adult) · Part: Insurance — Test 5 (Ethics Advanced) · Country: USA

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 a rider?

A) claim

B) basic policy

C) added coverage option

D) cancel

Question 2

What is a premium?

A) deductible

B) regular insurance payment

C) copay

D) claim payout

Question 3

What is a deductible?

A) monthly bill

B) payout

C) amount paid before coverage

D) copay

Question 4

What is a copay?

A) payout

B) fixed visit fee

C) deductible

D) premium

Question 5

What is coinsurance?

A) full coverage

B) shared percent after deductible

C) copay

D) premium

Question 6

What is liability coverage?

A) theft of yours

B) your car repairs

C) medical for you

D) pays others' damage you cause

Question 7

What is collision coverage?

A) your car crash repairs

B) liability

C) flood

D) theft

Question 8

What is comprehensive coverage?

A) collision

B) non-crash damage (theft, hail)

C) liability

D) health

Question 9

What is term life insurance?

A) lifetime

B) investment

C) coverage for a set period

D) no expiry

Question 10

What is whole life insurance?

A) term only

B) lifetime plus cash value

C) no payout

D) yearly

Question 11

What is a beneficiary?

A) adjuster

B) person receiving payout

C) lender

D) agent

Question 12

What is an out-of-pocket max?

A) deductible

B) premium

C) yearly payment ceiling

D) unlimited

Question 13

What is underwriting?

A) claim filing

B) selling

C) risk assessment for policies

D) canceling

Question 14

What is an exclusion?

A) covered item

B) what policy does NOT cover

C) deductible

D) premium

Question 15

What is HMO?

A) no referrals

B) any doctor

C) network HMO care plan

D) PPO

Question 16

What is PPO?

A) flexible network plan

B) HMO only

C) no coverage

D) free care

Question 17

What is flood insurance?

A) homeowners covers

B) auto covers

C) no need

D) separate NFIP policy

Question 18

What is an adjuster?

A) cancels

B) assesses claim payouts

C) collects premiums

D) sells policies

Question 19

What is subrogation?

A) doubling payout

B) refunding

C) insurer recovering from at-fault party

D) canceling

Question 20

What is actual cash value?

A) replacement minus depreciation

B) purchase price

C) agreed value

D) new price

US Insurance Ethics Advanced Test 5

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