US Insurance Georgia Test 3

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 3 (Georgia) Professional (Insurance, USA) USA — Georgia State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — Georgia.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 3 (Georgia) · Education: Professional (Adult) · Part: Insurance — Test 3 (Georgia) · Country: USA · Region: USA — Georgia

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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 comprehensive coverage?

A) liability

B) health

C) collision

D) non-crash damage (theft, hail)

Question 2

What is a premium?

A) deductible

B) regular insurance payment

C) copay

D) claim payout

Question 3

What is term life insurance?

A) investment

B) coverage for a set period

C) lifetime

D) no expiry

Question 4

What is a deductible?

A) amount paid before coverage

B) copay

C) monthly bill

D) payout

Question 5

What is a copay?

A) payout

B) fixed visit fee

C) premium

D) deductible

Question 6

What is liability coverage?

A) theft of yours

B) your car repairs

C) pays others' damage you cause

D) medical for you

Question 7

What is collision coverage?

A) theft

B) your car crash repairs

C) liability

D) flood

Question 8

What is whole life insurance?

A) term only

B) yearly

C) no payout

D) lifetime plus cash value

Question 9

What is a beneficiary?

A) adjuster

B) person receiving payout

C) lender

D) agent

Question 10

What is underwriting?

A) canceling

B) claim filing

C) risk assessment for policies

D) selling

Question 11

What is an exclusion?

A) deductible

B) what policy does NOT cover

C) covered item

D) premium

Question 12

What is a rider?

A) added coverage option

B) claim

C) basic policy

D) cancel

Question 13

What is coinsurance?

A) premium

B) full coverage

C) shared percent after deductible

D) copay

Question 14

What is an out-of-pocket max?

A) deductible

B) premium

C) yearly payment ceiling

D) unlimited

Question 15

What is HMO?

A) network HMO care plan

B) no referrals

C) PPO

D) any doctor

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) auto covers

B) homeowners covers

C) no need

D) separate NFIP policy

Question 18

What is an adjuster?

A) collects premiums

B) assesses claim payouts

C) sells policies

D) cancels

Question 19

What is subrogation?

A) refunding

B) insurer recovering from at-fault party

C) canceling

D) doubling payout

Question 20

What is actual cash value?

A) new price

B) agreed value

C) purchase price

D) replacement minus depreciation

US Insurance Georgia Test 3

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