Business Chapter 11

A vibrant and informative illustration depicting various types of insurance, such as home insurance, life insurance, and car insurance, with symbols representing each type.

Insurance Knowledge Quiz

Test your understanding of insurance concepts with our Insurance Knowledge Quiz! This engaging quiz will cover a variety of topics, from types of insurance to the application process.

Topics include:

Types of insurance
Household insurance specifics
Calculating premiums

9 Questions2 MinutesCreated by LearningLawyer347

What is insurance?

Insurance is a written agreement between an individual and an insurance company.

Insurance is a written agreement between many people and an insurance company

Insurance is a written agreement between at least two people and an insurance company

Insurance is a written agreement between an individual and many insurance company

What are the steps of applying for insurance?

1.choosing the right insurance company. 2.the proposal form. 3.the premium. 4. The insurance documents. 5. Pay the money.

1.choosing the right insurance company. 2.the premium. 3.the proposal form. 4. The insurance documents.

1.choosing the right insurance company. 2.the proposal form. 3.the insurance documents.

1.choosing the right insurance company. 2.the proposal form. 3.the premium. 4. The insurance documents.

What are the different types of household insurance?

1.home insurance. 2.life insurance.

1.car insurance. 2.home insurance. 3.personal insurance.

1.life insurance. 2.car insurance. 3.home insurance. 4.personal insurance.

1.home insurance. 2.car insurance. 3.life insurance. 4.building insurance. 5. Personal insurance.

Which of those is not one type of home insurance?

Buildings insurance

Contents insurance

All risks insurance

Travel insurance.

What is the formula of calculating the premium

Total premium=basic premium+loading-discounts

Total premium=basic premium+discounts+loading

Business Chapter 11

Insurance Knowledge Quiz

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