US Insurance Tennessee Advanced Test 8

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Advanced (Tennessee) Professional (Insurance, USA) USA — Tennessee State Insurance License — USA

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

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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 replacement cost?

A) depreciated

B) new-item price coverage

C) market

D) used value

Question 2

What is a premium?

A) deductible

B) regular insurance payment

C) claim payout

D) copay

Question 3

What is a deductible?

A) amount paid before coverage

B) monthly bill

C) copay

D) payout

Question 4

What is a copay?

A) deductible

B) premium

C) payout

D) fixed visit fee

Question 5

What is liability coverage?

A) theft of yours

B) your car repairs

C) pays others' damage you cause

D) medical for you

Question 6

What is collision coverage?

A) theft

B) liability

C) your car crash repairs

D) flood

Question 7

What is comprehensive coverage?

A) liability

B) collision

C) non-crash damage (theft, hail)

D) health

Question 8

What is a waiting period?

A) renewal

B) free look

C) time before coverage starts

D) grace period

Question 9

What is term life insurance?

A) coverage for a set period

B) no expiry

C) lifetime

D) investment

Question 10

What is whole life insurance?

A) lifetime plus cash value

B) yearly

C) term only

D) no payout

Question 11

What is a beneficiary?

A) agent

B) adjuster

C) person receiving payout

D) lender

Question 12

What is underwriting?

A) canceling

B) selling

C) claim filing

D) risk assessment for policies

Question 13

What is an exclusion?

A) covered item

B) premium

C) what policy does NOT cover

D) deductible

Question 14

What is a rider?

A) cancel

B) claim

C) added coverage option

D) basic policy

Question 15

What is grace period?

A) claim time

B) extra payment time

C) cancel window

D) free coverage

Question 16

What is coinsurance?

A) full coverage

B) premium

C) copay

D) shared percent after deductible

Question 17

What is an out-of-pocket max?

A) unlimited

B) deductible

C) premium

D) yearly payment ceiling

Question 18

What is HMO?

A) PPO

B) any doctor

C) network HMO care plan

D) no referrals

Question 19

What is PPO?

A) free care

B) no coverage

C) flexible network plan

D) HMO only

Question 20

What is flood insurance?

A) homeowners covers

B) separate NFIP policy

C) auto covers

D) no need

US Insurance Tennessee Advanced Test 8

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