US Insurance Underwriting Advanced Test 7

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 7 (Underwriting Advanced) Professional (Insurance, USA) USA State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 7 (Underwriting Advanced) · Education: Professional (Adult) · Part: Insurance — Test 7 (Underwriting Advanced) · Country: USA

English / Language Arts is a core subject measuring correct use of grammar and reading comprehension.

This test is designed to improve your skills in paragraph interpretation, vocabulary, and sentence structure.

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 an adjuster?

A) assesses claim payouts

B) collects premiums

C) cancels

D) sells policies

Question 2

What is a premium?

A) deductible

B) regular insurance payment

C) copay

D) claim payout

Question 3

What is a deductible?

A) copay

B) monthly bill

C) payout

D) amount paid before coverage

Question 4

What is a copay?

A) premium

B) payout

C) deductible

D) fixed visit fee

Question 5

What is liability coverage?

A) your car repairs

B) pays others' damage you cause

C) medical for you

D) theft of yours

Question 6

What is collision coverage?

A) flood

B) your car crash repairs

C) theft

D) liability

Question 7

What is subrogation?

A) doubling payout

B) canceling

C) insurer recovering from at-fault party

D) refunding

Question 8

What is comprehensive coverage?

A) collision

B) health

C) non-crash damage (theft, hail)

D) liability

Question 9

What is term life insurance?

A) lifetime

B) no expiry

C) investment

D) coverage for a set period

Question 10

What is whole life insurance?

A) term only

B) yearly

C) no payout

D) lifetime plus cash value

Question 11

What is a beneficiary?

A) adjuster

B) lender

C) person receiving payout

D) agent

Question 12

What is underwriting?

A) risk assessment for policies

B) claim filing

C) canceling

D) selling

Question 13

What is an exclusion?

A) what policy does NOT cover

B) premium

C) deductible

D) covered item

Question 14

What is actual cash value?

A) purchase price

B) agreed value

C) replacement minus depreciation

D) new price

Question 15

What is a rider?

A) claim

B) added coverage option

C) cancel

D) basic policy

Question 16

What is coinsurance?

A) copay

B) shared percent after deductible

C) premium

D) full coverage

Question 17

What is an out-of-pocket max?

A) premium

B) deductible

C) unlimited

D) yearly payment ceiling

Question 18

What is HMO?

A) network HMO care plan

B) PPO

C) any doctor

D) no referrals

Question 19

What is PPO?

A) no coverage

B) flexible network plan

C) free care

D) HMO only

Question 20

What is flood insurance?

A) no need

B) separate NFIP policy

C) auto covers

D) homeowners covers

US Insurance Underwriting Advanced Test 7

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