1 / 84

REVISION OF INSURANCE

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.

umeko
Download Presentation

REVISION OF INSURANCE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. REVISION OF INSURANCE IN GROUPS OF THREE COMPETITION

  2. Question 1

  3. 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

  4. Question 2

  5. 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

  6. Question 3

  7. 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

  8. Question 4

  9. 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

  10. Question 5

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

  12. Question 6

  13. 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

  14. Question 7

  15. 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

  16. Question 8

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

  18. Question 9

  19. 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

  20. Question 10

  21. 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

  22. Question 11

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

  24. Question 12

  25. An application form for insurance is called a… A Proposal Form B Renewal Notice C Cover Note DInsurance Policy

  26. Question 13

  27. 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

  28. Question 14

  29. 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

  30. Question 15

  31. 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

  32. Question 16

  33. 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

  34. Answers

  35. Question 1

  36. 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

  37. 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

  38. Question 2

  39. 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

  40. 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

  41. Question 3

  42. 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

  43. 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

  44. Question 4

  45. 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

  46. 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

  47. Question 5

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

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

More Related