3. 3 lifelines: 50/50 – your teacher will tell you which two are available Phone a friend – choose one person in the audience to ask Audience – hand up for A/B/C/D

4. Protection against something that might happen. A.Utmost good faithUtmost good faith B.AssuranceAssurance C.Endowment AssuranceEndowment Assurance D.InsuranceInsurance LW

6. Who calculates the insurance premium? A.An AssessorAn Assessor B.A BrokerA Broker C.An ActuaryAn ActuaryD.The insuredThe insured LW

8. An increase in insurance is referred to as.. A.A LoadingA Loading B.A LoaderA Loader C.A LoanA LoanD.A loadA load LW

10. Which one of the following is a non- Insurable risk? A.Car InsuranceCar Insurance B.Medical InsuranceMedical Insurance D.An EarthquakeAn EarthquakeC.House InsuranceHouse Insurance LW

12. How many principals of Insurance are there? A.55 B.66 C.1010D.44 LW

14. There is no point in insuring your house for more then it worth as the insurance company will only compensate you for the actual value of the house. What principal applies? A.IndemnityIndemnity B.SubrogationSubrogation C.ContributionContribution D.Insurable InterestInsurable Interest LW

16. Which of the following phrases best describes Subrogation? A.My fault, my responsibilityMy fault, my responsibility B.Passing of responsibility to third partyPassing of responsibility to third party C.Both insurance companies compensate the insuredBoth insurance companies compensate the insured D.I must own the item I am insuringI must own the item I am insuring LW

18. Which of the following types of insurance are compulsory? A.PRSI & Car InsurancePRSI & Car Insurance B.PRSI & House InsurancePRSI & House Insurance C.Life AssuranceLife AssuranceD.Car Insurance & Medical InsuranceCar Insurance & Medical Insurance LW

20. A.Loss/Damage done to your car & third parties is coveredLoss/Damage done to your car & third parties is covered B.You have to pay for half of the damage done to both carsYou have to pay for half of the damage done to both cars C.Blame the loss or damage on the third partyBlame the loss or damage on the third party D.Only loss/ damage done to the third parties car is compensated forOnly loss/ damage done to the third parties car is compensated for LW What is third Party fire & theft insurance?

22. What is the second step in making a claim on your insurance? A.Fill out claim formFill out claim form B.Contact the guards & Ins.CompanyContact the guards & Ins.Company C.Talk to the assessor agree on compensationTalk to the assessor agree on compensation D.Obtain estimate of items lost/stolenObtain estimate of items lost/stolen LW

24. What is excess clause? A.An insurance company will not insure a house that is prone to floodAn insurance company will not insure a house that is prone to flood B.The insured is responsible for paying the first part of the loss/damage incurredThe insured is responsible for paying the first part of the loss/damage incurred C.Another term for a claim formAnother term for a claim formD.A non insurable riskA non insurable risk LW

26. Calculate the premium. A house is valued at €400000. An insurance company quotes €40 per 10000. A.€160€160 B.€40€40 C.€1600€1600D.40%40% LW

28. When is the formula of average clause used? A.To calculate the premiumTo calculate the premium B.When the item is over insuredWhen the item is over insured C.When the item is not insuredWhen the item is not insuredD.When the item is under-insuredWhen the item is under-insured LW

30. What is the application for insurance called? A.The claim formThe claim form B.The Proposal formThe Proposal form C.The cover noteThe cover noteD.The contractThe contract LW

32. What was the name of the man in the news article we read about the man who tried to fake his own death to claim on his insurance? A.Michael DarwinMichael Darwin B.Mary DarwinMary Darwin C.John DarwinJohn DarwinD.Glen MastersonGlen Masterson LW

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