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REVISION OF INSURANCE IN GROUPS OF THREE COMPETITION.

Published byAnnice Bond Modified over 9 years ago

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Presentation on theme: "REVISION OF INSURANCE IN GROUPS OF THREE COMPETITION."— Presentation transcript:

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3 REVISION OF INSURANCE IN GROUPS OF THREE COMPETITION

4 Question 1

5 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

6 Question 2

7 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

8 Question 3

9 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

10 Question 4

11 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

12 Question 5

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

14 Question 6

15 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

16 Question 7

17 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

18 Question 8

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

20 Question 9

21 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

22 Question 10

23 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

24 Question 11

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

26 Question 12

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

28 Question 13

29 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

30 Question 14

31 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

32 Question 15

33 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

34 Question 16

35 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

36 Answers

37 Question 1

38 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

39 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

40 Question 2

41 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

42 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

43 Question 3

44 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

45 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

46 Question 4

47 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

48 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

49 Question 5

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

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

52 Question 6

53 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

54 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

55 Question 7

56 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

57 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

58 Question 8

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

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

61 Question 9

62 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

63 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

64 Question 10

65 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

66 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

67 Question 11

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

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

70 Question 12

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

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

73 Question 13

74 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

75 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

76 Question 14

77 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

78 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

79 Question 15

80 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

81 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

82 Question 16

83 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

84 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

85 Thank You

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