US Insurance Rhode Island Advanced Test 5

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (Rhode Island) Professional (Insurance, USA) USA — Rhode Island State Insurance License — USA

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

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) claim

B) cancel

C) added coverage option

D) basic policy

Question 2

What is a premium?

A) regular insurance payment

B) copay

C) claim payout

D) deductible

Question 3

What is a deductible?

A) payout

B) amount paid before coverage

C) monthly bill

D) copay

Question 4

What is a copay?

A) payout

B) fixed visit fee

C) premium

D) deductible

Question 5

What is coinsurance?

A) full coverage

B) premium

C) shared percent after deductible

D) copay

Question 6

What is liability coverage?

A) your car repairs

B) medical for you

C) pays others' damage you cause

D) theft of yours

Question 7

What is collision coverage?

A) liability

B) theft

C) flood

D) your car crash repairs

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) investment

B) coverage for a set period

C) lifetime

D) no expiry

Question 10

What is whole life insurance?

A) term only

B) lifetime plus cash value

C) no payout

D) yearly

Question 11

What is a beneficiary?

A) agent

B) lender

C) adjuster

D) person receiving payout

Question 12

What is an out-of-pocket max?

A) yearly payment ceiling

B) deductible

C) premium

D) unlimited

Question 13

What is underwriting?

A) canceling

B) risk assessment for policies

C) claim filing

D) selling

Question 14

What is an exclusion?

A) what policy does NOT cover

B) covered item

C) deductible

D) premium

Question 15

What is HMO?

A) PPO

B) network HMO care plan

C) any doctor

D) no referrals

Question 16

What is PPO?

A) free care

B) no coverage

C) HMO only

D) flexible network plan

Question 17

What is flood insurance?

A) homeowners covers

B) separate NFIP policy

C) no need

D) auto covers

Question 18

What is an adjuster?

A) cancels

B) sells policies

C) assesses claim payouts

D) collects premiums

Question 19

What is subrogation?

A) refunding

B) insurer recovering from at-fault party

C) canceling

D) doubling payout

Question 20

What is actual cash value?

A) replacement minus depreciation

B) agreed value

C) purchase price

D) new price

US Insurance Rhode Island Advanced Test 5

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