Insurance Awareness Quiz Set 8

Dear contenders, in this page you can check the Insurance Awareness Quiz Questions And Answers with an explanation. So make practice these questions and these are helpful for all competitive exams. It may also help for an interview Purpose.

Insurance Awareness Quiz Set 8

1. ________ is a coverage designed to protect businesses from liabilities that arise from the conducting of business over the Internet, including copyright infringement, defamation, and violation of privacy.
 
 
 
 

2. Which of the following insurance is mainly used for leased cars?
 
 
 
 

3. An auto-mobile insurance option, available in some states, that covers the difference between a car’s actual cash value when it is stolen or wrecked and the amount the consumer owes the leasing or finance company is called ______
 
 
 
 

4. An organization such as a bank or insurance company that buys and sells large quantities of securities is called __________
 
 
 
 

5. _________ is a coverage for glass breakage caused by all risks.
 
 
 
 

6. __________ is a coverage for expenses incurred as the result of an identity theft.
 
 
 
 

7. A legal concept that holds gun manufacturers liable for the cost of injuries caused by guns. Several cities have filed lawsuits based on this concept is termed as ______
 
 
 
 

8. A period of up to one month during which the purchaser of an annuity can cancel the contract without penalty is known as ______
 
 
 
 

9. A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to reflect current construction costs is termed as _____
 
 
 
 

10. This broad type of coverage was developed for shipments that do not involve ocean transport is known as ______
 
 
 
 

11. ______ is a coverage that guarantees bondholders timely payment of interest and principal even if the issuer of the bonds defaults.
 
 
 
 

12. _____ is a coverage up to specific limits for the cost of ransom or extortion payments and related expenses
 
 
 
 

13. A technique that consists of staggering the maturity dates and the mix of different types of bonds is termed as _______
 
 
 
 

14. _______ is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder.
 
 
 
 

15. The Complaint to Insurance Ombudsman must be registered within ____ year(s)
 
 
 
 

16. What is the maximum claim amount for an Insurance Ombudsman complaint?
 
 
 
 

17. Which section of the Indian Insurance Act 1938 provides for nomination of a person?
 
 
 
 

18. A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have harmed clients is termed as _______
 
 
 
 

19. Any insurance risk resulting from a human decision is called _____
 
 
 
 

20. A company owned by its policyholders that returns part of its profits to the policyholders as dividends is known as ______
 
 
 
 


 

LEAVE A REPLY

Please enter your comment!
Please enter your name here