REVISION OF INSURANCE
Feb 25, 2016
REVISION OF INSURANCE. IN GROUPS OF THREE COMPETITION. Question 1. 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. Question 2. - PowerPoint PPT Presentation
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REVISION OF INSURANCE
IN GROUPS OF THREE
COMPETITION
Question 1
Third party, fire and theft and comprehensive Insurance are
examples of which type of Insurance
A Life AssuranceB Motor InsuranceC Home InsuranceD Travel Insurance
Question 2
The value of a life assurance policy when it is turned into
cash is known as….
A The no Claims bonusB The PremiumC The Surrender ValueD The Cover Note
Question 3
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
Question 4
A person who works for themselves and sells insurance for a number of
different insurance companies is known as…..
A An Insurance AgentB An Insurance BrokerC An Insurance CompanyD An Insured Person
Question 5
The Fee paid for Insurance if the…
A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance
Question 6
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
Question 7
The Premium you pay for Motor Insurance will not depend on
A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size
Question 8
In Third party, fire and theft insurance, the car
owner is…A The First PartyB The Second PartyC The Third Party
Question 9
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 valueB proposal formC All risk policyD No claims bonus
Question 10
Pay Related Social Insurance (PRSI) does not cover which of
the following..
A Taking a HolidayB Becoming Unemployed
C RetirementD unable to work because of illness
Question 11
Which of the following is not a type of Personal
insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance
Question 12
An application form for insurance is called a…
A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy
Question 13
A person who works for one insurance company and sells insurance to members of the
Public is called a…A Insurance BrokerB Insurance CompanyC InsurerD Insurance Agent
Question 14
The Principal of Insurance that means you cannot make a profit
from insurance is……
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
Question 15
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 InsuranceC Fidelity Guarantee insurance
D Employers Liability insurance
Question 16
The Insurance Principal that states that you must tell the truth and reveal all material facts is…
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
Answers
Question 1
Third party, fire and theft and comprehensive Insurance are
examples of which type of Insurance
A Life AssuranceB Motor InsuranceC Home InsuranceD Travel Insurance
Third party, fire and theft and comprehensive Insurance are
examples of which type of Insurance
A Life AssuranceB Motor Insurance
C Home InsuranceD Travel Insurance
Question 2
The value of a life assurance policy when it is turned into
cash is known as….
A The no Claims bonusB The PremiumC The Surrender ValueD The Cover Note
The value of a life assurance policy when it is turned into
cash is known as….
A The no Claims bonusB The PremiumC The Surrender valueD The Cover note
Question 3
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
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
Question 4
A person who works for themselves and sells insurance for a number of
different insurance companies is known as…..
A An Insurance AgentB An Insurance BrokerC An Insurance CompanyD An Insured Person
A person who works for themselves and sells insurance for a number of
different insurance companies is known as…..
A An Insurance AgentB An Insurance BrokerC An Insurance CompanyD An Insured Person
Question 5
The Fee paid for Insurance if the…
A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance
The Fee paid for Insurance if the…
A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance
Question 6
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
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
Question 7
The Premium you pay for Motor Insurance will not depend on
A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size
The Premium you pay for Motor Insurance will not depend on
A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size
Question 8
In Third party, fire and theft insurance, the car
owner is…A The First PartyB The Second PartyC The Third Party
In Third party, fire and theft insurance, the car
owner is…A The First PartyB The Second PartyC The Third Party
Question 9
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 valueB proposal formC All risk policyD No claims bonus
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 valueB proposal formC All risk policyD No claims bonus
Question 10
Pay Related Social Insurance (PRSI) does not cover which of
the following..
A Taking a HolidayB Becoming Unemployed
C RetirementD unable to work because of illness
Pay Related Social Insurance (PRSI) does not cover which of
the following..
A Taking a HolidayB Becoming Unemployed
C RetirementD unable to work because of illness
Question 11
Which of the following is not a type of Personal
insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance
Which of the following is not a type of Personal
insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance
Question 12
An application form for insurance is called a…
A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy
An application form for insurance is called a…
A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy
Question 13
A person who works for one insurance company and sells insurance to members of the
Public is called a…A Insurance BrokerB Insurance CompanyC InsurerD Insurance Agent
A person who works for one insurance company and sells insurance to members of the
Public is called a…A Insurance BrokerB Insurance CompanyC InsurerD Insurance Agent
Question 14
The Principal of Insurance that means you cannot make a profit
from insurance is……
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
The Principal of Insurance that means you cannot make a profit
from insurance is……
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
Question 15
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 InsuranceC Fidelity Guarantee insurance
D Employers Liability insurance
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 InsuranceC Fidelity Guarantee insurance
D Employers Liability insurance
Question 16
The Insurance Principal that states that you must tell the truth and reveal all material facts is…
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
The Insurance Principal that states that you must tell the truth and reveal all material facts is…
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
Thank You
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