Mutual Fund and Fund Answer A.

Topics: Mutual fund, Insurance, Investment Pages: 23 (1688 words) Published: October 25, 2013
Question 1
1.  
Which type of health insurance pays part of all of the surgeon's fee for an operation Answer

a.
surgical expense

b.
hospital expenses

c.
physician's expense

d.
major medical expense
3 points   
Question 2
1.  
Health insurance typically includes
Answer

a.
deductibles

b.
out-of-pocket limits

c.
co-payments

d.
all of the above
3 points   
Question 3
1.  
Driver classification includes information on a person's                     and is used to set auto insurance rates Answer

a.
type of automobile

b.
place of residence

c.
credit rating

d.
driving habits
3 points   
Question 4
1.  
Which of the following are important provisions to your life insurace contract Answer

a.
policy reinstatement

b.
grace period

c.
naming your beneficiary

d.
all of the above
3 points   
Question 5
1.  
Which life insurance provision permits the owner of the policy to borrow any amount up to the cash value of the policy Answer

a.
double indemnity

b.
nonforfeiture clause

c.
incontestability clause

d.
policy loan provision
3 points   
Question 6
1.  
What form of insurance is growing faster than any other form of insurance in the country Answer

a.
vision care

b.
dread disease

c.
long-term care

d.
dental expense
3 points   
Question 7
1.  
The following are government funded medical programs
Answer

a.
Medicare

b.
Medigap

c.
Medicaid

d.
both a and c
3 points   
Question 8
1.  
The application for insurance includes two parts, basic information and Answer

a.
policy costs

b.
medical history

c.
cash values

d.
none of the above
3 points   
Question 9
1.  
Risk assumption is the same as
Answer

a.
risk avoidance

b.
risk reduction

c.
risk sharing

d.
none of the above
3 points   
Question 10
1.  
One of the following is not a method of estimating your life insurance requirements Answer

a.
Hard

b.
Easy

c.
DINK

d.
Family need
3 points   
Question 11
1.  
Losses caused by damage to your car by another person who is at fault in the accident are covered by Answer

a.
comprehensive physical damage

b.
property damage liability

c.
collision coverage

d.
assigned risk coverage  
3 points   
Question 12
1.  
Insurance companies base claim settlements on replacement value and Answer

a.
fair market value

b.
actual cash value

c.
exact value

d.
none of the above
3 points   
Question 13
1.  
Disability is defined as
Answer

a.
unable to do regular work

b.
unable to do any work

c.
both a and b

d.
none of the above
3 points   
Question 14
1.  
Coverage that pays for the current replacement cost of a stolen or damaged item is called Answer

a.
actual cash value coverage

b.
umbrella coverage

c.
endorsement coverage

d.
replacement value coverage
3 points   
Question 15
1.  
Basic health coverage includes
Answer

a.
hospital expense

b.
dental expense

c.
major medical expense

d.
all of the above
3 points   
Question 16
1.  
An HMO is defined as
Answer

a.
Health Maintenance Organization

b.
Health and Monetary Overage

c.
Health Monitoring Organization

d.
Home Maintenance Organization
3 points   
Question 17
1.  
A situation in which a person is held responsible for the actions of another person is Answer

a.
vicarious liability

b.
negligence

c.
comprehensive coverage

d.
property damage liability
3 points   
Question 18
1.  
A settlement option that provides for payment of life insurance proceeds in equal periodic installments for a specified number of years after your death is called Answer

a.
lump sum payment

b.
life income option

c.
interest principal payment option

d.
limited installment payment
3 points   
Question 19
1.  
Which is a method of evaluating the cost of life insurance by taking into account the...
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