Insurance Quizzes, Questions & Answers

Better safe than sorry, as the saying goes. And in the modern world, having insurance is the best way to make sure you are safe and not sorry. Insurance is a form of risk management to hedge against the risk of something that could go wrong.

Do you know all about insurance? Are you ready to hedge your bets and go all in on our insurance quizzes? What is the term for the amount of money one pays for insurance coverage? What does the word “indemnify” mean? Which two cultures are credited with the earliest forms of risk management? What kind of modern insurance was first developed during the Great Fire of London in 1666? In 1680, Edward Lloyd opened a coffee shop to serve as a meeting place for maritime insurance, eventually leading to what modern insurance marketplace still bearing his name? What is the process of underwriting? What academic disciplines are employed in the process of price setting insurance policies? Take our insurance quizzes and find out!

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Property And Casualty Practice Exam Free

Ready to ace your Property and Casualty Practice Exam? Dive into our quiz and sharpen your knowledge on insurance principles, policies, and regulations. Whether you're gearing up for your licensing exam or just want to test...

Questions: 252 | Attempts: 168786 | Last updated: Jan 20, 2025

Sample Question
Which of the following represents a pure risk?

Terry places a bet on the outcome of a basketball game.

Margaret's dog is temperamental. She's afraid that it will bite a neighbor someday and she will be held responsible.

Sam transfers all of his retirement funds into a stock that he expects to rise in value.

Cindy, along with 32 others, puts $100 into an Indy 500 race pool at work. The person holding the name of the winning driver will win the entire $3,300.

Insurance Exam Questions And Answers

Get ready to test your knowledge with the Insurance Exam Questions and Answers! This quiz is designed to help you review and understand key concepts essential for general insurance exams. This quiz will give you a solid overview...

Questions: 25 | Attempts: 46036 | Last updated: Feb 10, 2025

Sample Question
Who is eligible for medical payments under a homeowners policy in case of an injury?

The named insured

A residence employee

A person who is at the insured location without permission

Any regular resident of the insured's household who pays rent

California Life And Health Insurance Exam Questions Quiz

Are you gearing up for the California Life Insurance Exam? Our California Life Insurance Exam practice tests are here to help you succeed! These practice tests are designed to simulate the actual exam, providing you with...

Questions: 26 | Attempts: 33658 | Last updated: Jun 3, 2024

Sample Question
In disability insurance, the period of time between when the disability started and the commencement of benefits is the:

Cancellation Period

Elimination Period

Probationary Period

Grace Period

Find the Right Health Insurance Plan for You With This Quiz

Find The Right Health Insurance Plan For You With This Quiz

Welcome to our comprehensive "Best Health Insurance Quiz," designed to guide you in finding the perfect health coverage tailored to your needs. Navigating the complexities of health insurance can be challenging, but our...

Questions: 10 | Attempts: 509 | Last updated: Dec 22, 2023

Sample Question
How would you describe your current health condition?

Excellent, rarely need medical care.

Good, occasional check-ups.

Average, occasional health concerns.

Car Insurance Test

This quizzes you on how well you learned about car insurance!

Questions: 14 | Attempts: 10252 | Last updated: Apr 17, 2024

Sample Question
What is: Insurance that pays for the cost of injuries to people involved in an accident and protects the insured against financial loss from lawsuits and other legal expenses incurred as a result of an accident. There are two limits: the maximum that will be paid to any one person and the maximum for each accident.

Medical Payment Coverage

Bodily Insurance Liability

"No Fault" Insurance

Recent Quizzes

Common Homeowners Insurance Questions And Answers

common homeowners insurance questions and answers

Here are a few common homeowners insurance questions and answers that every homeowner planning to buy a home policy should know. Also, this quiz will help in solving some of your queries related to property insurance....

Questions: 70 | Attempts: 513 | Last updated: May 12, 2023

Sample Question
A building that does NOT contain enough personal property to be used for that purpose and no one was home at the time of the loss best describes which of the following terms?

Uninsurable

Unoccupied

Empty

Vacant

General Insurance Agent Practice Questions With Answers

general insurance agent practice questions with answers

Are you a general insurance agent, or do you want to become one? If so, check out these practice questions with answers and make your understanding better regarding this concept. All questions are from the latest syllabus and...

Questions: 36 | Attempts: 901 | Last updated: May 12, 2023

Sample Question
Risk is

An increased chance of loss

Being uncertain about a future outcome

The cause of the loss

A financial stake in the property

Know Everything About Insurance Policies - Insurance Quiz

The insurance policy is a contract between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises...

Questions: 50 | Attempts: 369 | Last updated: Mar 21, 2023

Sample Question
Both endowment and term life policies provide that

No cash value is available to the policy owner during the term of the policy

Renewal and conversion privileges are available

A benefit will be paid at the end of the period of coverage if the person is then alive

Insurance protection will be limited to a specified period

Everything About Insurance In This Quiz!

Everything about insurance in this quiz!

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. If you wanna know more in detail or test your knowledge about...

Questions: 105 | Attempts: 282 | Last updated: Mar 22, 2023

Sample Question
Which services are associated with standard & poors and AM best?

Investigating violation of the fair credit reporting act

Providing employmetn histories for investigative consumer reports

Storing medical information collected by insurance companies

Rating the financial strength of the insurance companies

Homeowners Insurance Quiz Questions And Answers

homeowners insurance quiz questions and answers

Do you know what's covered in your home insurance policy? There are some of the commonly asked homeowners insurance policy quiz questions and answers about which every homeowner should be aware before buying any property....

Questions: 320 | Attempts: 5913 | Last updated: Nov 13, 2024

Sample Question
If John, while helping Robert move to his new home, accidentally drops Robert's entertainment system and it is damaged beyond repair. It will cost $950 to replace it. Will John's HO-2 policy provide coverage?

HO-2 does not provide coverage for property under his custody, control and care

Yes, it would be covered in full under section II (Damage to Property of Others)

Yes, it would be covered under Coverage D of his HO-2 policy

Yes it would be covered in full under section I (Damage to Property of Others)

State Insurance License Exam Quiz!

Questions: 29 | Attempts: 395 | Last updated: Mar 21, 2023

Sample Question
How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits?

Immediately

1 year

2 years

At age 65

Chapter 4: Life Insurance Policies, Options And Riders

Chapter 4: Life insurance Policies, Options and Riders

Questions: 41 | Attempts: 1078 | Last updated: Mar 22, 2023

Sample Question
What does the word "level" in Level Term describe?

The period of coverage

The face amount

The premium payments

The cash value

Nature Of Insurance Quiz Questions And Answers

The process of insurance has many nuances that one may easily overlook. Our " Nature Of Insurance Quiz Questions And Answers " is here to test your knowledge of insurance basics. How well do you actually know what goes...

Questions: 28 | Attempts: 434 | Last updated: Aug 31, 2023

Sample Question
Which of the following is considered to be an event or condition that increases the probability of an insured's loss?

Risk

Hazard

Indemnity

Peril

Chapter 3: Legal Concepts Of The Insurance Contract

Chapter 3: Legal Concepts of the Insurance Contract

South Carolina Pre-licensing Education - Life and Health Insurance

Questions: 47 | Attempts: 171 | Last updated: Jan 30, 2023

Sample Question
Insurable interest does NOT occur in which of the following relationships?

Sister and brother

Parent and children

Business partners

Business owner and business client

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Fundamentals of Insurance (INS 21): Chapters 1-3 Quizâ€‹

INS 21 -Chapter 1,2,3 QUIZ 1

Questions: 35 | Attempts: 14605 | Last updated: Mar 21, 2025

Sample Question
The Process of making and implementing decisions to handle loss exposure is known as __________

Loss Reduction Measures

Loss Prevention Measures

Risk Management

None of the Above.

Chapter 1 - Principles Of Insurance

Chapter 1 - Principles of Insurance

This chapter reviews basic principles that provide a foundation for the insurance industry. They range from the concept of risk, to the idea that individuals and businesses can minimize losses by transferring and sharing...

Questions: 6 | Attempts: 11531 | Last updated: Mar 22, 2023

Sample Question
LaTonya purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Who has an insurable interest in this home? Choose all that apply.

LaTonya

John

LaTonya's son, who would like to inherit the home some day

First City Bank

Chapter 2 - The Insurance Contract

A contract is a legal agreement between two or more competent parties that promises a certain performance in exchange for a certain consideration. When an insurance company agrees to pay for an insured's losses in exchange...

Questions: 7 | Attempts: 8526 | Last updated: May 3, 2023

Sample Question
Which of the following is not a requirement for forming a valid contract?

Consideration

Offer and acceptance

Competent parties

Signatures of the parties involved

Insurance Quizzes, Questions & Answers

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