US Insurance South Dakota Test 4

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 4 (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 — Test 4 (South Dakota) · Education: Professional (Adult) · Part: Insurance — Test 4 (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 a beneficiary?

A) agent

B) adjuster

C) lender

D) person receiving payout

Question 2

What is a premium?

A) claim payout

B) copay

C) deductible

D) regular insurance payment

Question 3

What is a deductible?

A) payout

B) amount paid before coverage

C) monthly bill

D) copay

Question 4

What is underwriting?

A) claim filing

B) risk assessment for policies

C) canceling

D) selling

Question 5

What is a copay?

A) fixed visit fee

B) payout

C) deductible

D) premium

Question 6

What is liability coverage?

A) medical for you

B) your car repairs

C) pays others' damage you cause

D) theft of yours

Question 7

What is collision coverage?

A) your car crash repairs

B) liability

C) theft

D) flood

Question 8

What is comprehensive coverage?

A) health

B) collision

C) non-crash damage (theft, hail)

D) liability

Question 9

What is term life insurance?

A) investment

B) lifetime

C) no expiry

D) coverage for a set period

Question 10

What is whole life insurance?

A) no payout

B) term only

C) yearly

D) lifetime plus cash value

Question 11

What is an exclusion?

A) deductible

B) premium

C) what policy does NOT cover

D) covered item

Question 12

What is a rider?

A) claim

B) basic policy

C) cancel

D) added coverage option

Question 13

What is coinsurance?

A) shared percent after deductible

B) copay

C) full coverage

D) premium

Question 14

What is an out-of-pocket max?

A) premium

B) unlimited

C) yearly payment ceiling

D) deductible

Question 15

What is HMO?

A) no referrals

B) any doctor

C) network HMO care plan

D) PPO

Question 16

What is PPO?

A) HMO only

B) flexible network plan

C) free care

D) no coverage

Question 17

What is flood insurance?

A) auto covers

B) no need

C) homeowners covers

D) separate NFIP policy

Question 18

What is an adjuster?

A) assesses claim payouts

B) cancels

C) collects premiums

D) sells policies

Question 19

What is subrogation?

A) canceling

B) insurer recovering from at-fault party

C) refunding

D) doubling payout

Question 20

What is actual cash value?

A) replacement minus depreciation

B) agreed value

C) new price

D) purchase price

US Insurance South Dakota Test 4

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