US Insurance South Carolina Test 1

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 1 (South Carolina) Professional (Insurance, USA) USA — South Carolina State Insurance License — USA

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

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) copay

B) regular insurance payment

C) claim payout

D) deductible

Question 2

What is a deductible?

A) copay

B) amount paid before coverage

C) monthly bill

D) payout

Question 3

What is a copay?

A) deductible

B) premium

C) fixed visit fee

D) payout

Question 4

What is liability coverage?

A) pays others' damage you cause

B) medical for you

C) theft of yours

D) your car repairs

Question 5

What is collision coverage?

A) your car crash repairs

B) theft

C) flood

D) liability

Question 6

What is comprehensive coverage?

A) liability

B) non-crash damage (theft, hail)

C) health

D) collision

Question 7

What is term life insurance?

A) no expiry

B) lifetime

C) coverage for a set period

D) investment

Question 8

What is whole life insurance?

A) yearly

B) no payout

C) term only

D) lifetime plus cash value

Question 9

What is a beneficiary?

A) adjuster

B) agent

C) lender

D) person receiving payout

Question 10

What is underwriting?

A) claim filing

B) risk assessment for policies

C) selling

D) canceling

Question 11

What is an exclusion?

A) what policy does NOT cover

B) covered item

C) deductible

D) premium

Question 12

What is a rider?

A) added coverage option

B) claim

C) cancel

D) basic policy

Question 13

What is coinsurance?

A) copay

B) full coverage

C) premium

D) shared percent after deductible

Question 14

What is an out-of-pocket max?

A) yearly payment ceiling

B) premium

C) unlimited

D) deductible

Question 15

What is HMO?

A) PPO

B) network HMO care plan

C) no referrals

D) any doctor

Question 16

What is PPO?

A) no coverage

B) flexible network plan

C) free care

D) HMO only

Question 17

What is flood insurance?

A) no need

B) auto covers

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) canceling

B) refunding

C) insurer recovering from at-fault party

D) doubling payout

Question 20

What is actual cash value?

A) agreed value

B) replacement minus depreciation

C) new price

D) purchase price

US Insurance South Carolina Test 1

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