US Insurance Wyoming Advanced Test 5

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

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

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

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 rider?

A) added coverage option

B) claim

C) cancel

D) basic policy

Question 2

What is a premium?

A) regular insurance payment

B) copay

C) claim payout

D) deductible

Question 3

What is a deductible?

A) monthly bill

B) amount paid before coverage

C) payout

D) copay

Question 4

What is a copay?

A) fixed visit fee

B) premium

C) payout

D) deductible

Question 5

What is coinsurance?

A) full coverage

B) copay

C) shared percent after 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) flood

B) liability

C) your car crash repairs

D) theft

Question 8

What is comprehensive coverage?

A) health

B) non-crash damage (theft, hail)

C) collision

D) liability

Question 9

What is term life insurance?

A) coverage for a set period

B) lifetime

C) investment

D) no expiry

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) lender

B) adjuster

C) person receiving payout

D) agent

Question 12

What is an out-of-pocket max?

A) deductible

B) premium

C) yearly payment ceiling

D) unlimited

Question 13

What is underwriting?

A) risk assessment for policies

B) claim filing

C) canceling

D) selling

Question 14

What is an exclusion?

A) deductible

B) premium

C) what policy does NOT cover

D) covered item

Question 15

What is HMO?

A) no referrals

B) any doctor

C) PPO

D) network HMO care plan

Question 16

What is PPO?

A) no coverage

B) HMO only

C) flexible network plan

D) free care

Question 17

What is flood insurance?

A) no need

B) separate NFIP policy

C) auto covers

D) homeowners covers

Question 18

What is an adjuster?

A) sells policies

B) cancels

C) assesses claim payouts

D) collects premiums

Question 19

What is subrogation?

A) canceling

B) refunding

C) doubling payout

D) insurer recovering from at-fault party

Question 20

What is actual cash value?

A) new price

B) purchase price

C) replacement minus depreciation

D) agreed value

US Insurance Wyoming Advanced Test 5

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