US Insurance Wyoming Test 8

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 8 (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 — Test 8 (Wyoming) · Education: Professional (Adult) · Part: Insurance — Test 8 (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 replacement cost?

A) market

B) depreciated

C) used value

D) new-item price coverage

Question 2

What is a premium?

A) copay

B) deductible

C) claim payout

D) regular insurance payment

Question 3

What is a deductible?

A) copay

B) payout

C) monthly bill

D) amount paid before coverage

Question 4

What is a copay?

A) payout

B) fixed visit fee

C) deductible

D) premium

Question 5

What is liability coverage?

A) your car repairs

B) medical for you

C) pays others' damage you cause

D) theft of yours

Question 6

What is collision coverage?

A) liability

B) flood

C) your car crash repairs

D) theft

Question 7

What is comprehensive coverage?

A) non-crash damage (theft, hail)

B) collision

C) health

D) liability

Question 8

What is a waiting period?

A) grace period

B) time before coverage starts

C) renewal

D) free look

Question 9

What is term life insurance?

A) no expiry

B) lifetime

C) coverage for a set period

D) investment

Question 10

What is whole life insurance?

A) no payout

B) yearly

C) lifetime plus cash value

D) term only

Question 11

What is a beneficiary?

A) adjuster

B) agent

C) lender

D) person receiving payout

Question 12

What is underwriting?

A) claim filing

B) risk assessment for policies

C) selling

D) canceling

Question 13

What is an exclusion?

A) premium

B) what policy does NOT cover

C) deductible

D) covered item

Question 14

What is a rider?

A) added coverage option

B) claim

C) cancel

D) basic policy

Question 15

What is grace period?

A) free coverage

B) cancel window

C) extra payment time

D) claim time

Question 16

What is coinsurance?

A) copay

B) full coverage

C) premium

D) shared percent after deductible

Question 17

What is an out-of-pocket max?

A) yearly payment ceiling

B) premium

C) deductible

D) unlimited

Question 18

What is HMO?

A) PPO

B) network HMO care plan

C) any doctor

D) no referrals

Question 19

What is PPO?

A) no coverage

B) HMO only

C) free care

D) flexible network plan

Question 20

What is flood insurance?

A) no need

B) separate NFIP policy

C) auto covers

D) homeowners covers

US Insurance Wyoming Test 8

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