US Insurance Idaho Advanced Test 8

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

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

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

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) deductible

D) copay

Question 3

What is a deductible?

A) amount paid before coverage

B) payout

C) copay

D) monthly bill

Question 4

What is a copay?

A) fixed visit fee

B) deductible

C) premium

D) payout

Question 5

What is liability coverage?

A) medical for you

B) theft of yours

C) pays others' damage you cause

D) your car repairs

Question 6

What is collision coverage?

A) liability

B) flood

C) theft

D) your car crash repairs

Question 7

What is comprehensive coverage?

A) collision

B) non-crash damage (theft, hail)

C) health

D) liability

Question 8

What is a waiting period?

A) renewal

B) grace period

C) free look

D) time before coverage starts

Question 9

What is term life insurance?

A) no expiry

B) lifetime

C) coverage for a set period

D) investment

Question 10

What is whole life insurance?

A) no payout

B) yearly

C) lifetime plus cash value

D) term only

Question 11

What is a beneficiary?

A) person receiving payout

B) agent

C) adjuster

D) lender

Question 12

What is underwriting?

A) risk assessment for policies

B) canceling

C) selling

D) claim filing

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) added coverage option

B) cancel

C) claim

D) basic policy

Question 15

What is grace period?

A) free coverage

B) cancel window

C) claim time

D) extra payment time

Question 16

What is coinsurance?

A) premium

B) copay

C) full coverage

D) shared percent after deductible

Question 17

What is an out-of-pocket max?

A) deductible

B) yearly payment ceiling

C) unlimited

D) premium

Question 18

What is HMO?

A) any doctor

B) PPO

C) network HMO care plan

D) no referrals

Question 19

What is PPO?

A) HMO only

B) free care

C) flexible network plan

D) no coverage

Question 20

What is flood insurance?

A) separate NFIP policy

B) no need

C) auto covers

D) homeowners covers

US Insurance Idaho Advanced Test 8

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