Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Insurance Risk
Test Description: Review
Instructions: Answer all questions to get your test result.
1) Which statement(s) describe the relationship between risk and insurance?
A
Both A and B
B
Insurance can help protect a policyholder from losses that can come from risk
C
Only people who take risks need insurance
D
Risk levels can impact a person’s insurability
2) Which of the following factors do insurance companies use to determine the potential risk of an applicant?
A
Age, gender, and health
B
Age, health, and income
C
Age, health, and geographic location
D
Gender, health, and income
3) Which insurance professional calculates risk based on loss percentage and determines insurance rates and premiums?
A
Insurance agent
B
Accountant
C
Actuary
D
Underwriter
4) The most effective way for insurers to employ risk pooling is to:
A
Separate the riskiest people into their own risk pool
B
Keep every risk pool the same size
C
Keep the risk pool as small as possible
D
Group as many people as possible into the same risk pool
5) Covers medical expenses for you in case of an accident
A
Medical
B
Medicare
C
Medicaid
D
Deductable
6) a statement of the interest your bank paid on your savings for the year
A
Form 1099-INT
B
Form W-2
C
withholding
D
Form 1040EZ
7) A health care plan that is supported by the fed and state gvt. for low income families.
A
Medical
B
Medicaid
C
Medicare
D
Form W-2
8) tax charged on the profits made on the sale of something that was purchased at a lower price
A
Sales Tax
B
payroll taxes
C
Federal Income Tax
D
Capital Gains Tax
9) A small fixed amount required by a health insurer to be paid by the insured for each outpatient visit or drug prescription
A
Claim
B
Coverage
C
Risk
D
Co-Pay
10) allows participants to seek health care from any qualified medical provider
A
Non-Managed care health insurance
B
No-Fault insurance
C
Long-term care Insurance
D
Managed care health insurance
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?