US Insurance North Carolina Test 7

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 7 (North Carolina) Professional (Insurance, USA) USA — North Carolina State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — North Carolina.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 7 (North Carolina) · Education: Professional (Adult) · Part: Insurance — Test 7 (North Carolina) · Country: USA · Region: USA — North Carolina

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 an adjuster?

A) assesses claim payouts

B) sells policies

C) collects premiums

D) cancels

Question 2

What is a premium?

A) deductible

B) copay

C) regular insurance payment

D) claim payout

Question 3

What is a deductible?

A) payout

B) copay

C) monthly bill

D) amount paid before coverage

Question 4

What is a copay?

A) premium

B) fixed visit fee

C) payout

D) deductible

Question 5

What is liability coverage?

A) your car repairs

B) medical for you

C) pays others' damage you cause

D) theft of yours

Question 6

What is collision coverage?

A) liability

B) theft

C) flood

D) your car crash repairs

Question 7

What is subrogation?

A) canceling

B) doubling payout

C) insurer recovering from at-fault party

D) refunding

Question 8

What is comprehensive coverage?

A) liability

B) non-crash damage (theft, hail)

C) health

D) collision

Question 9

What is term life insurance?

A) coverage for a set period

B) lifetime

C) no expiry

D) investment

Question 10

What is whole life insurance?

A) no payout

B) lifetime plus cash value

C) term only

D) yearly

Question 11

What is a beneficiary?

A) agent

B) lender

C) adjuster

D) person receiving payout

Question 12

What is underwriting?

A) risk assessment for policies

B) selling

C) claim filing

D) canceling

Question 13

What is an exclusion?

A) deductible

B) covered item

C) what policy does NOT cover

D) premium

Question 14

What is actual cash value?

A) replacement minus depreciation

B) purchase price

C) new price

D) agreed value

Question 15

What is a rider?

A) claim

B) cancel

C) basic policy

D) added coverage option

Question 16

What is coinsurance?

A) premium

B) full coverage

C) shared percent after deductible

D) copay

Question 17

What is an out-of-pocket max?

A) deductible

B) unlimited

C) yearly payment ceiling

D) premium

Question 18

What is HMO?

A) network HMO care plan

B) any doctor

C) PPO

D) no referrals

Question 19

What is PPO?

A) free care

B) flexible network plan

C) no coverage

D) HMO only

Question 20

What is flood insurance?

A) auto covers

B) no need

C) homeowners covers

D) separate NFIP policy

US Insurance North Carolina Test 7

Test Complete

About This Test