US Insurance Health Policy Advanced Test 4

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 4 (Health Policy 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 4 (Health Policy Advanced) · Education: Professional (Adult) · Part: Insurance — Test 4 (Health Policy 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 beneficiary?

A) person receiving payout

B) adjuster

C) agent

D) lender

Question 2

What is a premium?

A) deductible

B) copay

C) claim payout

D) regular insurance payment

Question 3

What is a deductible?

A) payout

B) monthly bill

C) amount paid before coverage

D) copay

Question 4

What is underwriting?

A) risk assessment for policies

B) selling

C) claim filing

D) canceling

Question 5

What is a copay?

A) deductible

B) payout

C) premium

D) fixed visit fee

Question 6

What is liability coverage?

A) your car repairs

B) theft of yours

C) medical for you

D) pays others' damage you cause

Question 7

What is collision coverage?

A) flood

B) theft

C) your car crash repairs

D) liability

Question 8

What is comprehensive coverage?

A) collision

B) non-crash damage (theft, hail)

C) health

D) liability

Question 9

What is term life insurance?

A) investment

B) lifetime

C) coverage for a set period

D) no expiry

Question 10

What is whole life insurance?

A) no payout

B) term only

C) yearly

D) lifetime plus cash value

Question 11

What is an exclusion?

A) deductible

B) covered item

C) what policy does NOT cover

D) premium

Question 12

What is a rider?

A) added coverage option

B) claim

C) cancel

D) basic policy

Question 13

What is coinsurance?

A) copay

B) full coverage

C) premium

D) shared percent after deductible

Question 14

What is an out-of-pocket max?

A) deductible

B) yearly payment ceiling

C) unlimited

D) premium

Question 15

What is HMO?

A) network HMO care plan

B) any doctor

C) no referrals

D) PPO

Question 16

What is PPO?

A) free care

B) no coverage

C) flexible network plan

D) HMO only

Question 17

What is flood insurance?

A) homeowners covers

B) no need

C) auto covers

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) doubling payout

B) canceling

C) refunding

D) insurer recovering from at-fault party

Question 20

What is actual cash value?

A) new price

B) replacement minus depreciation

C) agreed value

D) purchase price

US Insurance Health Policy Advanced Test 4

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