Insurance Quizzes, Questions & Answers
Recent Insurance Quizzes
Questions: 34 | Attempts: 576 | Last updated: Mar 21, 2025
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Sample QuestionWhat is the purpose of insurance?
Questions: 10 | Attempts: 2923 | Last updated: Apr 22, 2025
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Sample QuestionThis principle of insurance means that the parties to an insurance contract must be truthful in the declaration they make:
Questions: 118 | Attempts: 1258 | Last updated: Mar 21, 2025
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Sample QuestionThe one basic characteristic of any type of insurance is that the insured is returned to the same (or close to the same) status that existed prior to the loss, but without a chance for gain or profit.
Questions: 75 | Attempts: 32128 | Last updated: Feb 19, 2025
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Sample QuestionBrown Company's Policy includes a liberalization clause. Brown's insurer introduces a policy change that broadens coverage at no additional premium. How will this change apply to Brown's existing policy?
Questions: 14 | Attempts: 11129 | Last updated: Apr 17, 2025
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Sample QuestionWhat 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.
Questions: 10 | Attempts: 49 | Last updated: May 4, 2025
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Sample QuestionWhen are income and medical expenses reviewed?
Questions: 150 | Attempts: 4409 | Last updated: Mar 22, 2025
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Sample QuestionWhat course of action does a party to a contract have if the other party is found to be in breach of that contract ?
Questions: 50 | Attempts: 904 | Last updated: Mar 21, 2025
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Sample QuestionWhich of the following terms is most closely related to the concept of insurable interest?
Questions: 10 | Attempts: 381 | Last updated: Mar 17, 2025
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Sample QuestionWalt and Joanna are co-owners of a bagel shop. Both Walt and Joanna are listed in the declarations of the policy that insures the business, with Joanna's name appearing first. The declarations also list First State Bank, which has an outstanding loan on the business. Who is considered a named insured on the policy?
Questions: 9 | Attempts: 382 | Last updated: Mar 16, 2025
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Sample QuestionFailure to use the care that is required to protect others from the unreasonable chance of harm is called what?
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