US Insurance Iowa 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 — Advanced (Iowa) Professional (Insurance, USA) USA — Iowa State Insurance License — USA

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

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) cancel

D) added coverage option

Question 2

What is a premium?

A) deductible

B) claim payout

C) regular insurance payment

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) deductible

B) fixed visit fee

C) premium

D) payout

Question 5

What is coinsurance?

A) copay

B) premium

C) full coverage

D) shared percent after deductible

Question 6

What is liability coverage?

A) pays others' damage you cause

B) your car repairs

C) theft of yours

D) medical for you

Question 7

What is collision coverage?

A) theft

B) your car crash repairs

C) flood

D) liability

Question 8

What is comprehensive coverage?

A) health

B) non-crash damage (theft, hail)

C) liability

D) collision

Question 9

What is term life insurance?

A) no expiry

B) investment

C) coverage for a set period

D) lifetime

Question 10

What is whole life insurance?

A) lifetime plus cash value

B) yearly

C) no payout

D) term only

Question 11

What is a beneficiary?

A) adjuster

B) lender

C) person receiving payout

D) agent

Question 12

What is an out-of-pocket max?

A) premium

B) unlimited

C) deductible

D) yearly payment ceiling

Question 13

What is underwriting?

A) risk assessment for policies

B) claim filing

C) selling

D) canceling

Question 14

What is an exclusion?

A) covered item

B) premium

C) deductible

D) what policy does NOT cover

Question 15

What is HMO?

A) any doctor

B) network HMO care plan

C) no referrals

D) PPO

Question 16

What is PPO?

A) no coverage

B) free care

C) flexible network plan

D) HMO only

Question 17

What is flood insurance?

A) separate NFIP policy

B) no need

C) auto covers

D) homeowners covers

Question 18

What is an adjuster?

A) sells policies

B) collects premiums

C) assesses claim payouts

D) cancels

Question 19

What is subrogation?

A) canceling

B) insurer recovering from at-fault party

C) refunding

D) doubling payout

Question 20

What is actual cash value?

A) purchase price

B) agreed value

C) replacement minus depreciation

D) new price

US Insurance Iowa Advanced Test 5

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