QUESTION 1

1. Accident insurance policies are highly recommended due to their superior coverage as compared to disability and comprehensive health policies.

   True

   False

3.33 points

QUESTION 2

1. Which of the following factors helps to reduce the insurance premium

   A.	Getting married lowers rates
   B.	Involve in adventurous sports
   C.	Reduce your deductibles

3.33 points

QUESTION 3

1. Uninsured motorist coverage only pays for damages incurred when another driver is at fault and does not have insurance and you know who they are.

   True

   False

3.33 points

QUESTION 4

1. Which of the following can be conducted in the aftermath of an accident.

   A.	Call the police immediately
   B.	Get names,addresses and other info of the other party
   C.	All of the above
   D.	Take pictures and draw a sketch
   E.	Contact your insurance agent

3.33 points

QUESTION 5

1. Which part of an auto insurance policy would pay for damage incurred if a tree fell on a parked car?

   A.	Liability
   B.	Comprehensive
   C.	Collision
   D.	Uninsurable interest
   E.	None of the above

3.33 points

QUESTION 6

1. In property insurance, the two main types of exposure we face are liability and property loss.

   True

   False

3.33 points

QUESTION 7

1. Which of the following factors influence an auto insurance premium?

   A.	Where the car will be driven
   B.	Personal characteristics of the driver
   C.	Type of automobile
   D.	Amount the vehicle will be driven
   E.	All of the above

3.33 points

QUESTION 8

1. Which portion of an auto policy covers damage to another person's vehicle when youare at fault?

   A.	Liability
   B.	Underinsured motorist
   C.	Collision
   D.	Comphrensive

3.38 points

QUESTION 9

1. Which of the following describes the principle that you are entitled to payment from the insurance company if a loss has been sufferred and that payment should not be greater than the economic value of the loss?

   A.	subrogation
   B.	co-insurance
   C.	limited liability
   D.	indemnity
   E.	none of the above

3.33 points

QUESTION 10

1. Typically, homeowners' policies cover damage from which of the following events?

   A.	Flood
   B.	Wind
   C.	Acts of War
   D.	Nuclear incident
   E.	All of the above

3.33 points

QUESTION 11

1. Which of the following is true regarding mortgage insurance?

   A.	It is required unless you have a 30% down payment
   B.	It protects the lender in case of default
   C.	It is impossible to avoid
   D.	None of the above

3.33 points

QUESTION 12

1. What are people able to do if they are not able to pay their premium in 1 lump sum?

   A.	They forego being insured as there is no alternative option for premium payments.
   B.	They decide that it?s best to ask their beneficiary for the money to pay the premiums.
   C.	They break up their premium into annual payments, which requires annuity calculations to determine.

3.33 points

QUESTION 13

1. Viaticalinsuranceinvolvescompanies buying out insurance policy for more than the face value.

   True

   False

3.33 points

QUESTION 14

1. When might paying an insurance premium become an issue for most people?

   A.	When the conversion rate from Euro to American Dollars prohibits a foreign exchange transaction.
   B.	When the amount of coverage rises to upwards of $1 million, if one lump sum is required to be paid upfront.
   C.	When the terms of the insurance policy are too confusing to abide by, and clients forego following a premium payment schedule.

3.33 points

QUESTION 15

1. What would happen if an individual covered by a term-life policy died after the completion of the term?

   A.	The insurance company would give a payout to the beneficiary.
   B.	No proof of the covered individual?s passing is necessary at any point for the insurer to give the beneficiary a payout.
   C.	The insurance company would not give a payout to the beneficiary.

My Blackboard H Summer2016CSR34200Y02 Course Content Anita Ku Notifications Content Collection 92 Help ? Take Test: Quiz 2 Take Test: Quiz 2 Test Information Description This quiz will be based on Insurance topics from eDx videos and workbook. Instructions Timed Test This test has a time limit of 45 minutes.This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Force Completion Once started, this test must be completed in one sitting. Do not leave the test before clicking Save and Submit. Save All Answers QUESTION 1 Save and Submit 3.33 points Save Answer Accident insurance policies are highly recommended due to their superior coverage as compared to disability and comprehensive health policies. True False QUESTION 2 3.33 points Save Answer 3.33 points Save Answer Which of the following factors helps to reduce the insurance premium A. Getting married lowers rates B. Involve in adventurous sports C. Reduce your deductibles QUESTION 3 Uninsured motorist coverage only pays for damages incurred when another driver is at fault and does not have insurance and you know who they are. True False QUESTION 4 Which of the following can be conducted in the aftermath of an accident. A. Call the police immediately 3.33 points Save Answer B. Get names, addresses and other info of the other party C. All of the above D. Take pictures and draw a sketch E. Contact your insurance agent QUESTION 5 3.33 points Save Answer 3.33 points Save Answer 3.33 points Save Answer 3.38 points Save Answer 3.33 points Save Answer Which part of an auto insurance policy would pay for damage incurred if a tree fell on a parked car? A. Liability B. Comprehensive C. Collision D. Uninsurable interest E. None of the above QUESTION 6 In property insurance, the two main types of exposure we face are liability and property loss. True False QUESTION 7 Which of the following factors influence an auto insurance premium? A. Where the car will be driven B. Personal characteristics of the driver C. Type of automobile D. Amount the vehicle will be driven E. All of the above QUESTION 8 Which portion of an auto policy covers damage to another person's vehicle when youare at fault? A. Liability B. Underinsured motorist C. Collision D. Comphrensive QUESTION 9 Which of the following describes the principle that you are entitled to payment from the insurance company if a loss has been suerred and that payment should not be greater than the economic value of the loss? A. subrogation B. co-insurance C. limited liability D. indemnity E. none of the above QUESTION 10 3.33 points Save Answer 3.33 points Save Answer 3.33 points Save Answer 3.33 points Save Answer 3.33 points Save Answer Typically, homeowners' policies cover damage from which of the following events? A. Flood B. Wind C. Acts of War D. Nuclear incident E. All of the above QUESTION 11 Which of the following is true regarding mortgage insurance? A. It is required unless you have a 30% down payment B. It protects the lender in case of default C. It is impossible to avoid D. None of the above QUESTION 12 What are people able to do if they are not able to pay their premium in 1 lump sum? A. They forego being insured as there is no alterna8ve op8on for premium payments. B. They decide that it's best to ask their beneciary for the money to pay the premiums. C. They break up their premium into annual payments, which requires annuity calcula8ons to determine. QUESTION 13 Via8cal insurance involves companies buying out insurance policy for more than the face value. True False QUESTION 14 When might paying an insurance premium become an issue for most people? A. When the conversion rate from Euro to American Dollars prohibits a foreign exchange transac8on. B. When the amount of coverage rises to upwards of $1 million, if one lump sum is required to be paid upfront. C. When the terms of the insurance policy are too confusing to abide by, and clients forego following a premium payment schedule. QUESTION 15 3.33 points Save Answer What would happen if an individual covered by a term-life policy died aIer the comple8on of the term? A. The insurance company would give a payout to the beneciary. B. No proof of the covered individual's passing is necessary at any point for the insurer to give the beneciary a payout. C. The insurance company would not give a payout to the beneciary. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit