Our experts have gathered these Insurance Principles MCQs through research, and we hope that you will be able to see how much knowledge base you have for the subject of Insurance Principles by answering these multiple-choice questions.
Get started now by scrolling down!
A. Human life value
B. Multiple earnings
C. Risk assessment
D. Economic identification
E. Needs analysis
A. 8 percent
B. 18 percent
C. 28 percent
D. 48 percent
A. Industrial life insurance
B. Straight term
C. Cash value
D. Named beneficiary
A. Flexible premiums
B. Tax features
C. High returns
D. Unbundling
A. Death
B. Sickness
C. Disability
D. Liability
A. To transfer the risk of serious losses
B. Cash Value
C. Some selected number
D. None of these
A. Prohibits insurance companies from varying rates based on health status or claims history
B. Advocates offering Social Security Medicare program to all individuals irrespective of their age
C. Favors the government's contribution to the health savings account (HSA)
D. Considers only medical insurance coverage from a private insurance company
E. Offers consumer directed health plans that go one step beyond a flexible-benefit plan
A. Snort-SIGs
B. Programmable
C. Biometric
D. Optometry
A. Modified
B. Endowment
C. Limited-pay
D. Universal
A. CMS-1500
B. UB-92
C. UB-02
D. UB-04
A. Higher copays
B. High out of pocket expenses
C. Lower premiums
D. All of these
A. Cash-value; your spouse
B. Level term; the creditor
C. Decreasing term; the creditor
D. Group term; your employer
A. Does not control
B. Encompasses the delivery of
C. Requires a referral for
D. Bypasses
A. Captive
B. Business
C. Good
D. Independent
E. Employed.
A. Entitled to social security
B. Entitled to railroad retirement disability
C. Most persons who have ESRD
D. Both A & C
E. All of these are correct
A. $10,000
B. $750,000
C. $12 million
D. $150 billion
A. First
B. Second
C. Third
D. Fourth