US Insurance South Dakota Advanced Test 3

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (South Dakota) Professional (Insurance, USA) USA — South Dakota State Insurance License — USA

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

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 comprehensive coverage?

A) non-crash damage (theft, hail)

B) health

C) collision

D) liability

Question 2

What is a premium?

A) claim payout

B) deductible

C) copay

D) regular insurance payment

Question 3

What is term life insurance?

A) lifetime

B) investment

C) no expiry

D) coverage for a set period

Question 4

What is a deductible?

A) amount paid before coverage

B) monthly bill

C) payout

D) copay

Question 5

What is a copay?

A) fixed visit fee

B) deductible

C) payout

D) premium

Question 6

What is liability coverage?

A) medical for you

B) pays others' damage you cause

C) your car repairs

D) theft of yours

Question 7

What is collision coverage?

A) flood

B) your car crash repairs

C) liability

D) theft

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) lender

B) agent

C) person receiving payout

D) adjuster

Question 10

What is underwriting?

A) canceling

B) risk assessment for policies

C) selling

D) claim filing

Question 11

What is an exclusion?

A) deductible

B) covered item

C) premium

D) what policy does NOT cover

Question 12

What is a rider?

A) cancel

B) added coverage option

C) basic policy

D) claim

Question 13

What is coinsurance?

A) full coverage

B) premium

C) copay

D) shared percent after deductible

Question 14

What is an out-of-pocket max?

A) unlimited

B) premium

C) yearly payment ceiling

D) deductible

Question 15

What is HMO?

A) PPO

B) any doctor

C) no referrals

D) network HMO care plan

Question 16

What is PPO?

A) flexible network plan

B) free care

C) HMO only

D) no coverage

Question 17

What is flood insurance?

A) separate NFIP policy

B) auto covers

C) no need

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) replacement minus depreciation

B) purchase price

C) new price

D) agreed value

US Insurance South Dakota Advanced Test 3

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