US Insurance Oregon Advanced Test 5

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (Oregon) Professional (Insurance, USA) USA — Oregon State Insurance License — USA

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

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 rider?

A) added coverage option

B) claim

C) cancel

D) basic policy

Question 2

What is a premium?

A) deductible

B) copay

C) claim payout

D) regular insurance payment

Question 3

What is a deductible?

A) amount paid before coverage

B) payout

C) monthly bill

D) copay

Question 4

What is a copay?

A) premium

B) fixed visit fee

C) deductible

D) payout

Question 5

What is coinsurance?

A) full coverage

B) premium

C) copay

D) shared percent after deductible

Question 6

What is liability coverage?

A) theft of yours

B) your car repairs

C) pays others' damage you cause

D) medical for you

Question 7

What is collision coverage?

A) your car crash repairs

B) theft

C) liability

D) flood

Question 8

What is comprehensive coverage?

A) non-crash damage (theft, hail)

B) health

C) liability

D) collision

Question 9

What is term life insurance?

A) no expiry

B) lifetime

C) coverage for a set period

D) investment

Question 10

What is whole life insurance?

A) yearly

B) term only

C) lifetime plus cash value

D) no payout

Question 11

What is a beneficiary?

A) lender

B) person receiving payout

C) agent

D) adjuster

Question 12

What is an out-of-pocket max?

A) deductible

B) unlimited

C) premium

D) yearly payment ceiling

Question 13

What is underwriting?

A) canceling

B) claim filing

C) risk assessment for policies

D) selling

Question 14

What is an exclusion?

A) what policy does NOT cover

B) premium

C) deductible

D) covered item

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) free care

C) HMO only

D) flexible network plan

Question 17

What is flood insurance?

A) separate NFIP policy

B) no need

C) auto covers

D) homeowners covers

Question 18

What is an adjuster?

A) sells policies

B) cancels

C) assesses claim payouts

D) collects premiums

Question 19

What is subrogation?

A) insurer recovering from at-fault party

B) refunding

C) doubling payout

D) canceling

Question 20

What is actual cash value?

A) replacement minus depreciation

B) new price

C) agreed value

D) purchase price

US Insurance Oregon Advanced Test 5

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