Download
slide1 n.
Skip this Video
Loading SlideShow in 5 Seconds..
REVISION OF INSURANCE PowerPoint Presentation
Download Presentation
REVISION OF INSURANCE

REVISION OF INSURANCE

191 Views Download Presentation
Download Presentation

REVISION OF INSURANCE

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. REVISION OF INSURANCE IN GROUPS OF THREE COMPETITION

  2. Question 1

  3. Third party, fire and theft and comprehensive Insurance are examples of which type of Insurance A Life Assurance B Motor Insurance C Home Insurance D Travel Insurance

  4. Question 2

  5. The value of a life assurance policy when it is turned into cash is known as…. A The no Claims bonus B The Premium C The Surrender Value D The Cover Note

  6. Question 3

  7. When deciding to take out insurance, the first step is…. A Contact the Insurance company B Complete the Proposal form C Contact the insurance agent/ broker D Calculate the value of the item

  8. Question 4

  9. A person who works for themselves and sells insurance for a number of different insurance companies is known as….. A An Insurance Agent B An Insurance Broker C An Insurance Company D An Insured Person

  10. Question 5

  11. The Fee paid for Insurance if the… A Proposal Form B Insurance Policy C Premium D Certificate of Insurance

  12. Question 6

  13. A type of life assurance where the policy can be cashed by the insured person once they reach a certain age is… A Endowment Assurance B Temporary life (Term) Assurance C Comprehensive Insurance D Health Insurance

  14. Question 7

  15. The Premium you pay for Motor Insurance will not depend on A Full/ Provisional License B Any Previous Accidents C Gender D The Car’s engine size

  16. Question 8

  17. In Third party, fire and theft insurance, the car owner is… A The First Party B The Second Party C The Third Party

  18. Question 9

  19. If a person has no accidents during the year, the company will reward the person by reducing their premium. This is known as a…. A Surrender value B proposal form C All risk policy D No claims bonus

  20. Question 10

  21. Pay Related Social Insurance (PRSI) does not cover which of the following.. A Taking a Holiday B Becoming Unemployed C Retirement D unable to work because of illness

  22. Question 11

  23. Which of the following is not a type of Personal insurance? A Health Insurance B PRSI insurance C Term Assurance D Personal accident insurance

  24. Question 12

  25. An application form for insurance is called a… A Proposal Form B Renewal Notice C Cover Note DInsurance Policy

  26. Question 13

  27. A person who works for one insurance company and sells insurance to members of the Public is called a… A Insurance Broker B Insurance Company C Insurer D Insurance Agent

  28. Question 14

  29. The Principal of Insurance that means you cannot make a profit from insurance is…… A Insurable Interest B Contribution C Utmost Good Faith D Indemnity

  30. Question 15

  31. The type of Business Insurance that covers the business in the event that an employee steals from them is….. A Consequential loss insurance B Burglary Insurance C Fidelity Guarantee insurance D Employers Liability insurance

  32. Question 16

  33. The Insurance Principal that states that you must tell the truth and reveal all material facts is… A Insurable Interest B Contribution C Utmost Good Faith D Indemnity

  34. Answers

  35. Question 1

  36. Third party, fire and theft and comprehensive Insurance are examples of which type of Insurance A Life Assurance B Motor Insurance C Home Insurance D Travel Insurance

  37. Third party, fire and theft and comprehensive Insurance are examples of which type of Insurance A Life Assurance B Motor Insurance C Home Insurance D Travel Insurance

  38. Question 2

  39. The value of a life assurance policy when it is turned into cash is known as…. A The no Claims bonus B The Premium C The Surrender Value D The Cover Note

  40. The value of a life assurance policy when it is turned into cash is known as…. A The no Claims bonus B The Premium C The Surrender value D The Cover note

  41. Question 3

  42. When deciding to take out insurance, the first step is…. A Contact the Insurance company B Complete the Proposal form C Contact the insurance agent/ broker D Calculate the value of the item

  43. When deciding to take out insurance, the first step is…. A Contact the Insurance company B Complete the Proposal form C Contact the insurance agent/ broker D Calculate the value of the item

  44. Question 4

  45. A person who works for themselves and sells insurance for a number of different insurance companies is known as….. A An Insurance Agent B An Insurance Broker C An Insurance Company D An Insured Person

  46. A person who works for themselves and sells insurance for a number of different insurance companies is known as….. A An Insurance Agent B An Insurance Broker C An Insurance Company D An Insured Person

  47. Question 5

  48. The Fee paid for Insurance if the… A Proposal Form B Insurance Policy C Premium D Certificate of Insurance

  49. The Fee paid for Insurance if the… A Proposal Form B Insurance Policy C Premium D Certificate of Insurance