US Insurance Property Casualty Advanced Test 1

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 1 (Property Casualty Advanced) Professional (Insurance, USA) USA State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 1 (Property Casualty Advanced) · Education: Professional (Adult) · Part: Insurance — Test 1 (Property Casualty Advanced) · Country: USA

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) deductible

C) regular insurance payment

D) copay

Question 2

What is a deductible?

A) copay

B) monthly bill

C) payout

D) amount paid before coverage

Question 3

What is a copay?

A) payout

B) deductible

C) premium

D) fixed visit fee

Question 4

What is liability coverage?

A) pays others' damage you cause

B) theft of yours

C) your car repairs

D) medical for you

Question 5

What is collision coverage?

A) theft

B) flood

C) liability

D) your car crash repairs

Question 6

What is comprehensive coverage?

A) liability

B) health

C) non-crash damage (theft, hail)

D) collision

Question 7

What is term life insurance?

A) investment

B) lifetime

C) no expiry

D) coverage for a set period

Question 8

What is whole life insurance?

A) term only

B) lifetime plus cash value

C) no payout

D) yearly

Question 9

What is a beneficiary?

A) person receiving payout

B) agent

C) adjuster

D) lender

Question 10

What is underwriting?

A) selling

B) claim filing

C) risk assessment for policies

D) canceling

Question 11

What is an exclusion?

A) covered item

B) deductible

C) premium

D) what policy does NOT cover

Question 12

What is a rider?

A) added coverage option

B) basic policy

C) cancel

D) claim

Question 13

What is coinsurance?

A) full coverage

B) copay

C) shared percent after deductible

D) premium

Question 14

What is an out-of-pocket max?

A) premium

B) unlimited

C) deductible

D) yearly payment ceiling

Question 15

What is HMO?

A) PPO

B) no referrals

C) any doctor

D) network HMO care plan

Question 16

What is PPO?

A) HMO only

B) free care

C) no coverage

D) flexible network plan

Question 17

What is flood insurance?

A) auto covers

B) no need

C) separate NFIP policy

D) homeowners covers

Question 18

What is an adjuster?

A) sells policies

B) assesses claim payouts

C) collects premiums

D) cancels

Question 19

What is subrogation?

A) refunding

B) canceling

C) insurer recovering from at-fault party

D) doubling payout

Question 20

What is actual cash value?

A) agreed value

B) new price

C) purchase price

D) replacement minus depreciation

US Insurance Property Casualty Advanced Test 1

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