US Insurance Kentucky 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 (Kentucky) Professional (Insurance, USA) USA — Kentucky State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — Kentucky.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 4 (Kentucky) · Education: Professional (Adult) · Part: Insurance — Test 4 (Kentucky) · Country: USA · Region: USA — Kentucky

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) agent

B) lender

C) person receiving payout

D) adjuster

Question 2

What is a premium?

A) claim payout

B) regular insurance payment

C) copay

D) deductible

Question 3

What is a deductible?

A) monthly bill

B) copay

C) payout

D) amount paid before coverage

Question 4

What is underwriting?

A) claim filing

B) canceling

C) risk assessment for policies

D) selling

Question 5

What is a copay?

A) fixed visit fee

B) deductible

C) premium

D) payout

Question 6

What is liability coverage?

A) medical for you

B) pays others' damage you cause

C) your car repairs

D) theft of yours

Question 7

What is collision coverage?

A) theft

B) your car crash repairs

C) liability

D) flood

Question 8

What is comprehensive coverage?

A) collision

B) liability

C) non-crash damage (theft, hail)

D) health

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 an exclusion?

A) covered item

B) deductible

C) premium

D) what policy does NOT cover

Question 12

What is a rider?

A) added coverage option

B) basic policy

C) cancel

D) claim

Question 13

What is coinsurance?

A) premium

B) copay

C) full coverage

D) shared percent after deductible

Question 14

What is an out-of-pocket max?

A) yearly payment ceiling

B) unlimited

C) premium

D) deductible

Question 15

What is HMO?

A) network HMO care plan

B) any doctor

C) PPO

D) no referrals

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) separate NFIP policy

B) auto covers

C) homeowners covers

D) no need

Question 18

What is an adjuster?

A) assesses claim payouts

B) collects premiums

C) sells policies

D) cancels

Question 19

What is subrogation?

A) insurer recovering from at-fault party

B) canceling

C) refunding

D) doubling payout

Question 20

What is actual cash value?

A) purchase price

B) agreed value

C) new price

D) replacement minus depreciation

US Insurance Kentucky Test 4

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