2. REVISION OF INSURANCE IN GROUPS OF THREE COMPETITION

3. Question 1

4. 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

5. Question 2

6. 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

7. Question 3

8. 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

9. Question 4

10. 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

11. Question 5

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

13. Question 6

14. 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

15. Question 7

16. 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

17. Question 8

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

19. Question 9

20. 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

21. Question 10

22. 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

23. Question 11

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

25. Question 12

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

27. Question 13

28. 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

29. Question 14

30. 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

31. Question 15

32. 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

33. Question 16

34. 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

35. Answers

36. Question 1

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. 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

39. Question 2

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. 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

42. Question 3

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. 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

45. Question 4

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. 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

48. Question 5

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

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