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REVISION OF INSURANCE IN GROUPS OF THREE COMPETITION

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Question 1

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Third party, fire and theft and comprehensive Insurance are examples of which type of Insurance A Life Assurance B Motor Insurance C Home Insurance D Travel Insurance

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Question 2

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The value of a life assurance policy when it is turned into cash is known as. A The no Claims bonus B The Premium C The Surrender Value D The Cover Note

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Question 3

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When deciding to take out insurance, the first step is. A Contact the Insurance company B Complete the Proposal form C Contact the insurance agent/ broker D Calculate the value of the item

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Question 4

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A person who works for themselves and sells insurance for a number of different insurance companies is known as.. A An Insurance Agent B An Insurance Broker C An Insurance Company D An Insured Person

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Question 5

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The Fee paid for Insurance if the A Proposal Form B Insurance Policy C Premium D Certificate of Insurance

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Question 6

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A type of life assurance where the policy can be cashed by the insured person once they reach a certain age is A Endowment Assurance B Temporary life (Term) Assurance C Comprehensive Insurance D Health Insurance

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Question 7

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The Premium you pay for Motor Insurance will not depend on A Full/ Provisional License B Any Previous Accidents C Gender D The Cars engine size

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Question 8

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In Third party, fire and theft insurance, the car owner is A The First Party B The Second Party C The Third Party

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Question 9

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If a person has no accidents during the year, the company will reward the person by reducing their premium. This is known as a. A Surrender value B proposal form C All risk policy D No claims bonus

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Question 10

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Pay Related Social Insurance (PRSI) does not cover which of the following.. A Taking a Holiday B Becoming Unemployed C Retirement D unable to work because of illness

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Question 11

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Which of the following is not a type of Personal insurance? A Health Insurance B PRSI insurance C Term Assurance D Personal accident insurance

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Question 12

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An application form for insurance is called a A Proposal Form B Renewal Notice C Cover Note D Insurance Policy

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Question 13

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A person who works for one insurance company and sells insurance to members of the Public is called a A Insurance Broker B Insurance Company C Insurer D Insurance Agent

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Question 14

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The Principal of Insurance that means you cannot make a profit from insurance is A Insurable Interest B Contribution C Utmost Good Faith D Indemnity

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Question 15

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The type of Business Insurance that covers the business in the event that an employee steals from them is.. A Consequential loss insurance B Burglary Insurance C Fidelity Guarantee insurance D Employers Liability insurance

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Question 16

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The Insurance Principal that states that you must tell the truth and reveal all material facts is A Insurable Interest B Contribution C Utmost Good Faith D Indemnity

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Answers

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Question 1

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Third party, fire and theft and comprehensive Insurance are examples of which type of Insurance A Life Assurance B Motor Insurance C Home Insurance D Travel Insurance

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Third party, fire and theft and comprehensive Insurance are examples of which type of Insurance A Life Assurance B Motor Insurance C Home Insurance D Travel Insurance

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Question 2

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The value of a life assurance policy when it is turned into cash is known as. A The no Claims bonus B The Premium C The Surrender Value D The Cover Note

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The value of a life assurance policy when it is turned into cash is known as. A The no Claims bonus B The Premium C The Surrender value D The Cover note

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Question 3

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When deciding to take out insurance, the first step is. A Contact the Insurance company B Complete the Proposal form C Contact the insurance agent/ broker D Calculate the value of the item

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When deciding to take out insurance, the first step is. A Contact the Insurance company B Complete the Proposal form C Contact the insurance agent/ broker D Calculate the value of the item

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Question 4

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A person who works for themselves and sells insurance for a number of different insurance companies is known as.. A An Insurance Agent B An Insurance Broker C An Insurance Company D An Insured Person

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A person who works for themselves and sells insurance for a number of different insurance companies is known as.. A An Insurance Agent B An Insurance Broker C An Insurance Company D An Insured Person

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Question 5

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The Fee paid for Insurance if the A Proposal Form B Insurance Policy C Premium D Certificate of Insurance

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The Fee paid for Insurance if the A Proposal Form B Insurance Policy C Premium D Certificate of Insurance

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Question 6

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A type of life assurance where the policy can be cashed by the insured person once they reach a certain age is A Endowment Assurance B Temporary life (Term) Assurance C Comprehensive Insurance D Health Insurance

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A type of life assurance where the policy can be cashed by the insured person once they reach a certain age is A Endowment Assurance B Temporary life (Term) Assurance C Comprehensive Insurance D Health Insurance

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Question 7

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The Premium you pay for Motor Insurance will not depend on A Full/ Provisional License B Any Previous Accidents C Gender D The Cars engine size

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The Premium you pay for Motor Insurance will not depend on A Full/ Provisional License B Any Previous Accidents C Gender D The Cars engine size

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Question 8

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In Third party, fire and theft insurance, the car owner is A The First Party B The Second Party C The Third Party

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In Third party, fire and theft insurance, the car owner is A The First Party B The Second Party C The Third Party

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Question 9

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If a person has no accidents during the year, the company will reward the person by reducing their premium. This is known as a. A Surrender value B proposal form C All risk policy D No claims bonus

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If a person has no accidents during the year, the company will reward the person by reducing their premium. This is known as a. A Surrender value B proposal form C All risk policy D No claims bonus

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Question 10

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Pay Related Social Insurance (PRSI) does not cover which of the following.. A Taking a Holiday B Becoming Unemployed C Retirement D unable to work because of illness

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Pay Related Social Insurance (PRSI) does not cover which of the following.. A Taking a Holiday B Becoming Unemployed C Retirement D unable to work because of illness

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Question 11

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Which of the following is not a type of Personal insurance? A Health Insurance B PRSI insurance C Term Assurance D Personal accident insurance

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Which of the following is not a type of Personal insurance? A Health Insurance B PRSI insurance C Term Assurance D Personal accident insurance

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Question 12

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An application form for insurance is called a A Proposal Form B Renewal Notice C Cover Note D Insurance Policy

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An application form for insurance is called a A Proposal Form B Renewal Notice C Cover Note D Insurance Policy

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Question 13

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A person who works for one insurance company and sells insurance to members of the Public is called a A Insurance Broker B Insurance Company C Insurer D Insurance Agent

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A person who works for one insurance company and sells insurance to members of the Public is called a A Insurance Broker B Insurance Company C Insurer D Insurance Agent

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Question 14

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The Principal of Insurance that means you cannot make a profit from insurance is A Insurable Interest B Contribution C Utmost Good Faith D Indemnity

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The Principal of Insurance that means you cannot make a profit from insurance is A Insurable Interest B Contribution C Utmost Good Faith D Indemnity

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Question 15

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The type of Business Insurance that covers the business in the event that an employee steals from them is.. A Consequential loss insurance B Burglary Insurance C Fidelity Guarantee insurance D Employers Liability insurance

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The type of Business Insurance that covers the business in the event that an employee steals from them is.. A Consequential loss insurance B Burglary Insurance C Fidelity Guarantee insurance D Employers Liability insurance

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Question 16

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The Insurance Principal that states that you must tell the truth and reveal all material facts is A Insurable Interest B Contribution C Utmost Good Faith D Indemnity

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The Insurance Principal that states that you must tell the truth and reveal all material facts is A Insurable Interest B Contribution C Utmost Good Faith D Indemnity

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Thank You