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
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
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 Agent B An Insurance Broker C An Insurance Company D An Insured Person
Question 5
The Fee paid for Insurance if the… A Proposal Form B Insurance Policy C Premium D 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 License B Any Previous Accidents C Gender D The Car’s engine size
Question 8
In Third party, fire and theft insurance, the car owner is… A The First Party B The Second Party C 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 value B proposal form C All risk policy D No claims bonus
Question 10
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
Question 11
Which of the following is not a type of Personal insurance? A Health Insurance B PRSI insurance C Term Assurance D Personal accident insurance
Question 12
An application form for insurance is called a… A Proposal Form B Renewal Notice C Cover Note D 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 Broker B Insurance Company C Insurer D Insurance Agent
Question 14
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
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 Insurance C 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 Interest B Contribution C Utmost Good Faith D Indemnity
Answers
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
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
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
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
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 Agent B An Insurance Broker C An Insurance Company D 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 Agent B An Insurance Broker C An Insurance Company D An Insured Person
Question 5
The Fee paid for Insurance if the… A Proposal Form B Insurance Policy C Premium D Certificate of Insurance
The Fee paid for Insurance if the… A Proposal Form B Insurance Policy C Premium D 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 License B Any Previous Accidents C Gender D The Car’s engine size
The Premium you pay for Motor Insurance will not depend on A Full/ Provisional License B Any Previous Accidents C Gender D The Car’s engine size
Question 8
In Third party, fire and theft insurance, the car owner is… A The First Party B The Second Party C The Third Party
In Third party, fire and theft insurance, the car owner is… A The First Party B The Second Party C 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 value B proposal form C All risk policy D 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 value B proposal form C All risk policy D No claims bonus
Question 10
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
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
Question 11
Which of the following is not a type of Personal insurance? A Health Insurance B PRSI insurance C Term Assurance D Personal accident insurance
Which of the following is not a type of Personal insurance? A Health Insurance B PRSI insurance C Term Assurance D Personal accident insurance
Question 12
An application form for insurance is called a… A Proposal Form B Renewal Notice C Cover Note D Insurance Policy
An application form for insurance is called a… A Proposal Form B Renewal Notice C Cover Note D 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 Broker B Insurance Company C Insurer D Insurance Agent
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
Question 14
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
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
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 Insurance C 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 Insurance C 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 Interest B Contribution C Utmost Good Faith D Indemnity
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
Thank You