Test your basic knowledge |

Insurance Industry

Subject : industries

Instructions:

Answer 47 questions in 15 minutes.
If you are not ready to take this test, you can study here.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. Agents represent
Companies that write more thane one line of insurance
PUBIC LAW 15 - insruance are state regulated
The insurer
Hospital Insurance

2. NAIFA
National association of insurance and financial advisors
Protect the intrest of policyowners and consumers
Perferred provider organization
Mutuals comany coverting to stock compnay

3. Steps in promote suitable sales
1- sell to customers need 2- dermin suitability of products 3full and accurate disclosure
Barred common ownerships of banks - insurance companines
Supplemental Medical Insurance or Medicare
Stock and mutural companies

4. NAIC
Career agency . personal producing general agency. Indipendent agency
National association of insurance commissioners
Protect the intrest of policyowners and consumers
May or maynot be policy holders - paid to the stockholders - directors and officers are responsible

5. State Regulations
Regulates - supervising insurance companies and agents - brokers
May or maynot be policy holders - paid to the stockholders - directors and officers are responsible
An agents contract
Career agency . personal producing general agency. Indipendent agency

6. Service providers
Form of service provided by hospitals and physicians
Regulates - supervising insurance companies and agents - brokers
Encourage unifromity in state nsurance laws and regulations
National association of insurance and financial advisors

7. HI
Mutuals comany coverting to stock compnay
The insurer
Supplemental Medical Insurance or Medicare
Hospital Insurance

8. Types of Goverment Insurer
Barred common ownerships of banks - insurance companines
Compared to the new ork stock exchange - proides the arena and facilities for buying and selling publick stock
OASDI - HI - SMI - (medicare) - Medicaid - workers compensation
1- sell to customers need 2- dermin suitability of products 3full and accurate disclosure

9. SMI
A broker contract
Supplemental Medical Insurance or Medicare
To preservce state regulations of the insurance business
Protect person right to privact

10. Stock and mutural companies
Write life - health - property and casualty insurance
May or maynot be policy holders - paid to the stockholders - directors and officers are responsible
Assumes a portion of the risk from another insurer
Regulates - supervising insurance companies and agents - brokers

11. Types of private insurance
Perferred provider organization
Stock - Mutual - Assessement - Reciprocal - reinsures - risk retention group. home service - service provider
HMO and PPO
Securities and exchange commission - regulates variable life and annuities

12. Freternal Benefits Societies
Stock company may be converted into mutal company
Must be nonprofit - maintain form of gov with elected officers
Perferred provider organization
Mutual - stock - graternal

13. Risk Retention group ( RRG)
To preservce state regulations of the insurance business
The insurer
Insure people of the same business - ocupation< Dentists>
Must be nonprofit - maintain form of gov with elected officers

14. Types of insurers
Specialize in particulare type of insurance
Form of service provided by hospitals and physicians
Assist the admin with efficiency in laws
Private and goverment

15. RRG
national association of health underwriters
1- sell to customers need 2- dermin suitability of products 3full and accurate disclosure
National association of insurance commissioners
Risk Retention Group

16. Federal goverment
Perferred provider organization
Mutual - stock - graternal
Encourage unifromity in state nsurance laws and regulations
For military Servicemembers - group life - veterans life - national life

17. PPO
Perferred provider organization
Companies that write more thane one line of insurance
HMO and PPO
Assumes a portion of the risk from another insurer

18. SEC
Insure people of the same business - ocupation< Dentists>
To preservce state regulations of the insurance business
Compared to the new ork stock exchange - proides the arena and facilities for buying and selling publick stock
Securities and exchange commission - regulates variable life and annuities

19. NAIC
Stock company may be converted into mutal company
To preservce state regulations of the insurance business
Insure people of the same business - ocupation< Dentists>
Many lines of insurance - life - annuitites and car - helth

20. An agent has...
An agents contract
A broker contract
Protect person right to privact
For military Servicemembers - group life - veterans life - national life

21. NAIC broad objective #1
Encourage unifromity in state nsurance laws and regulations
Guarantees claim will be paid if any insurer becomes insolvent
Mutuals comany coverting to stock compnay
National association of insurance and financial advisors

22. Demutualizing
OASDI - HI - SMI - (medicare) - Medicaid - workers compensation
Guarantees claim will be paid if any insurer becomes insolvent
Mutuals comany coverting to stock compnay
Hospital Insurance

23. Types of service providers
Regulates - supervising insurance companies and agents - brokers
Form of service provided by hospitals and physicians
HMO and PPO
OASDI - HI - SMI - (medicare) - Medicaid - workers compensation

24. Rating system
Debit insurers
National association of insurance and financial advisors
A++ superior - A- Excellent - ability to meet obligations
PUBIC LAW 15 - insruance are state regulated

25. Home service insures
Stock company may be converted into mutal company
For military Servicemembers - group life - veterans life - national life
Debit insurers
Securities and exchange commission - regulates variable life and annuities

26. Commercial insures
For military Servicemembers - group life - veterans life - national life
A++ superior - A- Excellent - ability to meet obligations
Stock and mutural companies
An agents contract

27. Lloyds of London
Securities and exchange commission - regulates variable life and annuities
Compared to the new ork stock exchange - proides the arena and facilities for buying and selling publick stock
Mutuals comany coverting to stock compnay
Mutual - stock - graternal

28. OASDI ( SSN)
PUBIC LAW 15 - insruance are state regulated
Old-age survivors and disability insurance ( social Security)
National association of insurance and financial advisors
Debit insurers

29. State Guaranty Association
An agents contract
national association of health underwriters
Guarantees claim will be paid if any insurer becomes insolvent
Not a service provider

30. 3 systesm support sales of insurance
Encourage unifromity in state nsurance laws and regulations
national association of health underwriters
An agents contract
Career agency . personal producing general agency. Indipendent agency

31. LLoyd's of London
Not a service provider
Compared to the new ork stock exchange - proides the arena and facilities for buying and selling publick stock
Career agency . personal producing general agency. Indipendent agency
Guarantees claim will be paid if any insurer becomes insolvent

32. Multi-line insurace
National association of insurance and financial advisors
Companies that write more thane one line of insurance
Stock company may be converted into mutal company
For military Servicemembers - group life - veterans life - national life

33. Mutualization
OASDI - HI - SMI - (medicare) - Medicaid - workers compensation
Stock company may be converted into mutal company
An agents contract
Regulates - supervising insurance companies and agents - brokers

34. NAIC broad objective #3
Stock and mutural companies
Must be nonprofit - maintain form of gov with elected officers
Direct selling mass marketing
Protect the intrest of policyowners and consumers

35. Financial service moderinzation act 1999
OASDI - HI - SMI - (medicare) - Medicaid - workers compensation
Specialize in particulare type of insurance
Barred common ownerships of banks - insurance companines
Hospital Insurance

36. Industrial insurance
Must be nonprofit - maintain form of gov with elected officers
Hospital Insurance
Assist the admin with efficiency in laws
Specialize in particulare type of insurance

37. Fair credit recording act 1970
Direct selling mass marketing
Supplemental Medical Insurance or Medicare
Protect person right to privact
1- sell to customers need 2- dermin suitability of products 3full and accurate disclosure

38. Mccarran Ferguson act
Direct selling mass marketing
PUBIC LAW 15 - insruance are state regulated
Companies that write more thane one line of insurance
Private and goverment

39. Stock insurers
May or maynot be policy holders - paid to the stockholders - directors and officers are responsible
Not a service provider
Barred common ownerships of banks - insurance companines
Assist the admin with efficiency in laws

40. Reinsurere is a company that...
Not a service provider
Assumes a portion of the risk from another insurer
Companies that write more thane one line of insurance
Protect the intrest of policyowners and consumers

41. Types of insurers
Mutual - stock - graternal
national association of health underwriters
Supplemental Medical Insurance or Medicare
1- sell to customers need 2- dermin suitability of products 3full and accurate disclosure

42. Private insures
Many lines of insurance - life - annuitites and car - helth
Debit insurers
Old-age survivors and disability insurance ( social Security)
PUBIC LAW 15 - insruance are state regulated

43. methods of selling insurance
Direct selling mass marketing
HMO and PPO
For military Servicemembers - group life - veterans life - national life
Encourage unifromity in state nsurance laws and regulations

44. HMO
Health maintenance organization
Write life - health - property and casualty insurance
Regulates - supervising insurance companies and agents - brokers
Specialize in particulare type of insurance

45. A broker has...
A++ superior - A- Excellent - ability to meet obligations
HMO and PPO
A broker contract
Protect person right to privact

46. NAHU
May or maynot be policy holders - paid to the stockholders - directors and officers are responsible
Protect the intrest of policyowners and consumers
national association of health underwriters
Career agency . personal producing general agency. Indipendent agency

47. NAIC broad objective #2
Supplemental Medical Insurance or Medicare
To preservce state regulations of the insurance business
Not a service provider
Assist the admin with efficiency in laws

Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?

Major Subjects
Tests & Exams AP CLEP DSST GRE SAT GMAT	Certifications CISSP go to https://www.isc2.org/ PMP ITIL RHCE MCTS More...	IT Skills Android Programming Data Modeling Objective C Programming Basic Python Programming Adobe Illustrator More...	Business Skills Advertising Techniques Business Accounting Basics Business Strategy Human Resource Management Marketing Basics More...
Soft Skills Body Language People Skills Public Speaking Persuasion Job Hunting And Resumes More...	Vocabulary GRE Vocab SAT Vocab TOEFL Essential Vocab Basic English Words For All Global Words You Should Know Business English More...	Languages AP German Vocab AP Latin Vocab SAT Subject Test: French Italian Survival Norwegian Survival More...	Engineering Audio Engineering Computer Science Engineering Aerospace Engineering Chemical Engineering Structural Engineering More...
Health Sciences Basic Nursing Skills Health Science Language Fundamentals Veterinary Technology Medical Language Cardiology Clinical Surgery More...	English Grammar Fundamentals Literary And Rhetorical Vocab Elements Of Style Vocab Introduction To English Major Complete Advanced Sentences Literature Homonyms More...	Math Algebra Formulas Basic Arithmetic: Measurements Metric Conversions Geometric Properties Important Math Facts Number Sense Vocab Business Math More...	Other Major Subjects Science Economics History Law Performing-arts Cooking Logic & Reasoning Trivia

Test your basic knowledge |

Insurance Industry

Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?

Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests

Major Subjects

Tests & Exams

Certifications

IT Skills

Business Skills

Soft Skills

Vocabulary

Languages

Engineering

Health Sciences

English

Math

Other Major Subjects

Browse all subjects

Browse all tests

Most popular tests