US Insurance New York Advanced Test 2

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (New York) Professional (Insurance, USA) USA — New York State Insurance License — USA

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

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 copay?

A) fixed visit fee

B) premium

C) deductible

D) payout

Question 2

What is liability coverage?

A) pays others' damage you cause

B) theft of yours

C) your car repairs

D) medical for you

Question 3

What is a premium?

A) deductible

B) regular insurance payment

C) claim payout

D) copay

Question 4

What is a deductible?

A) copay

B) monthly bill

C) payout

D) amount paid before coverage

Question 5

What is collision coverage?

A) theft

B) flood

C) your car crash repairs

D) liability

Question 6

What is comprehensive coverage?

A) health

B) liability

C) collision

D) non-crash damage (theft, hail)

Question 7

What is term life insurance?

A) no expiry

B) investment

C) lifetime

D) coverage for a set period

Question 8

What is whole life insurance?

A) yearly

B) lifetime plus cash value

C) term only

D) no payout

Question 9

What is a beneficiary?

A) adjuster

B) person receiving payout

C) lender

D) agent

Question 10

What is underwriting?

A) canceling

B) risk assessment for policies

C) claim filing

D) selling

Question 11

What is an exclusion?

A) deductible

B) premium

C) covered item

D) what policy does NOT cover

Question 12

What is a rider?

A) added coverage option

B) cancel

C) claim

D) basic policy

Question 13

What is coinsurance?

A) shared percent after deductible

B) full coverage

C) copay

D) premium

Question 14

What is an out-of-pocket max?

A) unlimited

B) deductible

C) premium

D) yearly payment ceiling

Question 15

What is HMO?

A) PPO

B) network HMO care plan

C) any doctor

D) no referrals

Question 16

What is PPO?

A) HMO only

B) free care

C) flexible network plan

D) no coverage

Question 17

What is flood insurance?

A) auto covers

B) homeowners covers

C) no need

D) separate NFIP policy

Question 18

What is an adjuster?

A) assesses claim payouts

B) cancels

C) collects premiums

D) sells policies

Question 19

What is subrogation?

A) insurer recovering from at-fault party

B) canceling

C) doubling payout

D) refunding

Question 20

What is actual cash value?

A) new price

B) replacement minus depreciation

C) agreed value

D) purchase price

US Insurance New York Advanced Test 2

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