US Insurance Montana Test 6

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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Insurance — Test 6 (Montana) Professional (Insurance, USA) USA — Montana State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — Montana.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 6 (Montana) · Education: Professional (Adult) · Part: Insurance — Test 6 (Montana) · Country: USA · Region: USA — Montana

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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 HMO?

A) any doctor

B) network HMO care plan

C) no referrals

D) PPO

Question 2

What is a premium?

A) claim payout

B) regular insurance payment

C) deductible

D) copay

Question 3

What is a deductible?

A) monthly bill

B) amount paid before coverage

C) payout

D) copay

Question 4

What is a copay?

A) premium

B) deductible

C) fixed visit fee

D) payout

Question 5

What is liability coverage?

A) your car repairs

B) pays others' damage you cause

C) theft of yours

D) medical for you

Question 6

What is PPO?

A) HMO only

B) no coverage

C) flexible network plan

D) free care

Question 7

What is collision coverage?

A) liability

B) your car crash repairs

C) flood

D) theft

Question 8

What is comprehensive coverage?

A) liability

B) collision

C) non-crash damage (theft, hail)

D) health

Question 9

What is term life insurance?

A) investment

B) coverage for a set period

C) no expiry

D) lifetime

Question 10

What is whole life insurance?

A) lifetime plus cash value

B) no payout

C) term only

D) yearly

Question 11

What is a beneficiary?

A) agent

B) person receiving payout

C) lender

D) adjuster

Question 12

What is underwriting?

A) canceling

B) selling

C) claim filing

D) risk assessment for policies

Question 13

What is flood insurance?

A) auto covers

B) homeowners covers

C) no need

D) separate NFIP policy

Question 14

What is an exclusion?

A) what policy does NOT cover

B) deductible

C) premium

D) covered item

Question 15

What is a rider?

A) cancel

B) claim

C) basic policy

D) added coverage option

Question 16

What is coinsurance?

A) shared percent after deductible

B) full coverage

C) premium

D) copay

Question 17

What is an out-of-pocket max?

A) yearly payment ceiling

B) premium

C) unlimited

D) deductible

Question 18

What is an adjuster?

A) collects premiums

B) assesses claim payouts

C) cancels

D) sells policies

Question 19

What is subrogation?

A) insurer recovering from at-fault party

B) refunding

C) canceling

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 Montana Test 6

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