INSURANCE AWARENESS QUESTIONS

1.Insurance companies’ ability to pay the claims of policyholders is termed as

Solvency Schedule Retrospective Rating credit life

2.________ is an insurance to cover problems associated with travelling, generally including trip cancellation due to illness, lost luggage and other incidents.

Nursing Home Insurance Kidnap/Ransom Insurance Inland Marine Insurance Travel Insurance

3.A form of annuity contract that gives purchasers the freedom to choose among certain optional features in their contract is known as ______

Salvage Schedule Retrospective Rating Unbundled Contracts

4.Risks for which it is difficult for someone to get insurance is called ______

Partial Risk Uninsurable Risk Covariant Risk Pure Risk

5.Portion of an auto insurance policy that protects a policyholder from uninsured and hit-and-run drivers is known as _______

Nursing Home Insurance Kidnap/Ransom Insurance Inland Marine Insurance Uninsured Motorist Coverage