US Insurance West Virginia Test 1

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 1 (West Virginia) Professional (Insurance, USA) USA — West Virginia State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — West Virginia.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 1 (West Virginia) · Education: Professional (Adult) · Part: Insurance — Test 1 (West Virginia) · Country: USA · Region: USA — West Virginia

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 premium?

A) regular insurance payment

B) claim payout

C) deductible

D) copay

Question 2

What is a deductible?

A) amount paid before coverage

B) payout

C) monthly bill

D) copay

Question 3

What is a copay?

A) deductible

B) premium

C) fixed visit fee

D) payout

Question 4

What is liability coverage?

A) medical for you

B) your car repairs

C) theft of yours

D) pays others' damage you cause

Question 5

What is collision coverage?

A) your car crash repairs

B) liability

C) flood

D) theft

Question 6

What is comprehensive coverage?

A) health

B) non-crash damage (theft, hail)

C) liability

D) collision

Question 7

What is term life insurance?

A) no expiry

B) coverage for a set period

C) investment

D) lifetime

Question 8

What is whole life insurance?

A) no payout

B) yearly

C) term only

D) lifetime plus cash value

Question 9

What is a beneficiary?

A) person receiving payout

B) lender

C) adjuster

D) agent

Question 10

What is underwriting?

A) selling

B) risk assessment for policies

C) claim filing

D) canceling

Question 11

What is an exclusion?

A) deductible

B) premium

C) covered item

D) what policy does NOT cover

Question 12

What is a rider?

A) claim

B) basic policy

C) added coverage option

D) cancel

Question 13

What is coinsurance?

A) full coverage

B) copay

C) shared percent after deductible

D) premium

Question 14

What is an out-of-pocket max?

A) deductible

B) unlimited

C) premium

D) yearly payment ceiling

Question 15

What is HMO?

A) network HMO care plan

B) no referrals

C) PPO

D) any doctor

Question 16

What is PPO?

A) HMO only

B) free care

C) flexible network plan

D) no coverage

Question 17

What is flood insurance?

A) homeowners covers

B) separate NFIP policy

C) no need

D) auto covers

Question 18

What is an adjuster?

A) cancels

B) assesses claim payouts

C) collects premiums

D) sells policies

Question 19

What is subrogation?

A) canceling

B) insurer recovering from at-fault party

C) doubling payout

D) refunding

Question 20

What is actual cash value?

A) new price

B) agreed value

C) purchase price

D) replacement minus depreciation

US Insurance West Virginia Test 1

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