US Insurance North Dakota Advanced Test 1

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (North Dakota) Professional (Insurance, USA) USA — North Dakota State Insurance License — USA

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

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 premium?

A) claim payout

B) copay

C) regular insurance payment

D) deductible

Question 2

What is a deductible?

A) copay

B) amount paid before coverage

C) payout

D) monthly bill

Question 3

What is a copay?

A) fixed visit fee

B) deductible

C) premium

D) payout

Question 4

What is liability coverage?

A) pays others' damage you cause

B) medical for you

C) your car repairs

D) theft of yours

Question 5

What is collision coverage?

A) flood

B) theft

C) liability

D) your car crash repairs

Question 6

What is comprehensive coverage?

A) collision

B) non-crash damage (theft, hail)

C) liability

D) health

Question 7

What is term life insurance?

A) no expiry

B) lifetime

C) investment

D) coverage for a set period

Question 8

What is whole life insurance?

A) no payout

B) lifetime plus cash value

C) term only

D) yearly

Question 9

What is a beneficiary?

A) adjuster

B) lender

C) agent

D) person receiving payout

Question 10

What is underwriting?

A) selling

B) claim filing

C) canceling

D) risk assessment for policies

Question 11

What is an exclusion?

A) covered item

B) deductible

C) what policy does NOT cover

D) premium

Question 12

What is a rider?

A) basic policy

B) added coverage option

C) cancel

D) claim

Question 13

What is coinsurance?

A) copay

B) full coverage

C) shared percent after deductible

D) premium

Question 14

What is an out-of-pocket max?

A) deductible

B) premium

C) unlimited

D) yearly payment ceiling

Question 15

What is HMO?

A) no referrals

B) any doctor

C) PPO

D) network HMO care plan

Question 16

What is PPO?

A) no coverage

B) HMO only

C) free care

D) flexible network plan

Question 17

What is flood insurance?

A) separate NFIP policy

B) auto covers

C) no need

D) homeowners covers

Question 18

What is an adjuster?

A) assesses claim payouts

B) sells policies

C) cancels

D) collects premiums

Question 19

What is subrogation?

A) canceling

B) refunding

C) doubling payout

D) insurer recovering from at-fault party

Question 20

What is actual cash value?

A) replacement minus depreciation

B) new price

C) agreed value

D) purchase price

US Insurance North Dakota Advanced Test 1

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