US Insurance Oregon Test 8

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 8 (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 — Test 8 (Oregon) · Education: Professional (Adult) · Part: Insurance — Test 8 (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 replacement cost?

A) market

B) depreciated

C) new-item price coverage

D) used value

Question 2

What is a premium?

A) deductible

B) claim payout

C) copay

D) regular insurance payment

Question 3

What is a deductible?

A) payout

B) amount paid before coverage

C) copay

D) monthly bill

Question 4

What is a copay?

A) fixed visit fee

B) deductible

C) premium

D) payout

Question 5

What is liability coverage?

A) theft of yours

B) pays others' damage you cause

C) your car repairs

D) medical for you

Question 6

What is collision coverage?

A) theft

B) liability

C) flood

D) your car crash repairs

Question 7

What is comprehensive coverage?

A) collision

B) health

C) non-crash damage (theft, hail)

D) liability

Question 8

What is a waiting period?

A) grace period

B) time before coverage starts

C) free look

D) renewal

Question 9

What is term life insurance?

A) investment

B) coverage for a set period

C) lifetime

D) no expiry

Question 10

What is whole life insurance?

A) yearly

B) lifetime plus cash value

C) no payout

D) term only

Question 11

What is a beneficiary?

A) adjuster

B) person receiving payout

C) lender

D) agent

Question 12

What is underwriting?

A) canceling

B) risk assessment for policies

C) selling

D) claim filing

Question 13

What is an exclusion?

A) what policy does NOT cover

B) deductible

C) premium

D) covered item

Question 14

What is a rider?

A) claim

B) added coverage option

C) cancel

D) basic policy

Question 15

What is grace period?

A) extra payment time

B) free coverage

C) claim time

D) cancel window

Question 16

What is coinsurance?

A) shared percent after deductible

B) copay

C) premium

D) full coverage

Question 17

What is an out-of-pocket max?

A) unlimited

B) yearly payment ceiling

C) deductible

D) premium

Question 18

What is HMO?

A) any doctor

B) network HMO care plan

C) no referrals

D) PPO

Question 19

What is PPO?

A) no coverage

B) free care

C) HMO only

D) flexible network plan

Question 20

What is flood insurance?

A) no need

B) homeowners covers

C) separate NFIP policy

D) auto covers

US Insurance Oregon Test 8

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