US Insurance Vermont Test 8

Insurance » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 8 (Vermont) Professional (Insurance, USA) USA — Vermont State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — Vermont.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 8 (Vermont) · Education: Professional (Adult) · Part: Insurance — Test 8 (Vermont) · Country: USA · Region: USA — Vermont

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 replacement cost?

A) depreciated

B) market

C) used value

D) new-item price coverage

Question 2

What is a premium?

A) claim payout

B) regular insurance payment

C) copay

D) deductible

Question 3

What is a deductible?

A) amount paid before coverage

B) payout

C) monthly bill

D) copay

Question 4

What is a copay?

A) payout

B) deductible

C) premium

D) fixed visit fee

Question 5

What is liability coverage?

A) your car repairs

B) pays others' damage you cause

C) theft of yours

D) medical for you

Question 6

What is collision coverage?

A) liability

B) your car crash repairs

C) theft

D) flood

Question 7

What is comprehensive coverage?

A) liability

B) non-crash damage (theft, hail)

C) collision

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) investment

B) no expiry

C) lifetime

D) coverage for a set period

Question 10

What is whole life insurance?

A) yearly

B) term only

C) no payout

D) lifetime plus cash value

Question 11

What is a beneficiary?

A) agent

B) adjuster

C) person receiving payout

D) lender

Question 12

What is underwriting?

A) selling

B) risk assessment for policies

C) claim filing

D) canceling

Question 13

What is an exclusion?

A) what policy does NOT cover

B) premium

C) covered item

D) deductible

Question 14

What is a rider?

A) claim

B) cancel

C) added coverage option

D) basic policy

Question 15

What is grace period?

A) free coverage

B) cancel window

C) claim time

D) extra payment time

Question 16

What is coinsurance?

A) shared percent after deductible

B) full coverage

C) copay

D) premium

Question 17

What is an out-of-pocket max?

A) unlimited

B) yearly payment ceiling

C) premium

D) deductible

Question 18

What is HMO?

A) no referrals

B) any doctor

C) PPO

D) network HMO care plan

Question 19

What is PPO?

A) flexible network plan

B) no coverage

C) free care

D) HMO only

Question 20

What is flood insurance?

A) no need

B) auto covers

C) homeowners covers

D) separate NFIP policy

US Insurance Vermont Test 8

Test Complete

About This Test