REVISION OF INSURANCE

IN GROUPS OF THREE

COMPETITION

Question 1

Third party, fire and theft and comprehensive Insurance are

examples of which type of Insurance

A Life AssuranceB Motor InsuranceC Home InsuranceD Travel Insurance

Question 2

The value of a life assurance policy when it is turned into

cash is known as….

A The no Claims bonusB The PremiumC The Surrender ValueD The Cover Note

Question 3

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

Question 4

A person who works for themselves and sells insurance for a number of

different insurance companies is known as…..

A An Insurance AgentB An Insurance BrokerC An Insurance CompanyD An Insured Person

Question 5

The Fee paid for Insurance if the…

A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance

Question 6

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

Question 7

The Premium you pay for Motor Insurance will not depend on

A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size

Question 8

In Third party, fire and theft insurance, the car

owner is…A The First PartyB The Second PartyC The Third Party

Question 9

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 valueB proposal formC All risk policyD No claims bonus

Question 10

Pay Related Social Insurance (PRSI) does not cover which of

the following..

A Taking a HolidayB Becoming Unemployed

C RetirementD unable to work because of illness

Question 11

Which of the following is not a type of Personal

insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance

Question 12

An application form for insurance is called a…

A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy

Question 13

A person who works for one insurance company and sells insurance to members of the

Public is called a…A Insurance BrokerB Insurance CompanyC InsurerD Insurance Agent

Question 14

The Principal of Insurance that means you cannot make a profit

from insurance is……

A Insurable InterestB ContributionC Utmost Good FaithD Indemnity

Question 15

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 InsuranceC Fidelity Guarantee insurance

D Employers Liability insurance

Question 16

The Insurance Principal that states that you must tell the truth and reveal all material facts is…

A Insurable InterestB ContributionC Utmost Good FaithD Indemnity

Answers

Question 1

Third party, fire and theft and comprehensive Insurance are

examples of which type of Insurance

A Life AssuranceB Motor InsuranceC Home InsuranceD Travel Insurance

Third party, fire and theft and comprehensive Insurance are

examples of which type of Insurance

A Life AssuranceB Motor Insurance

C Home InsuranceD Travel Insurance

Question 2

The value of a life assurance policy when it is turned into

cash is known as….

A The no Claims bonusB The PremiumC The Surrender ValueD The Cover Note

The value of a life assurance policy when it is turned into

cash is known as….

A The no Claims bonusB The PremiumC The Surrender valueD The Cover note

Question 3

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

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

Question 4

A person who works for themselves and sells insurance for a number of

different insurance companies is known as…..

A An Insurance AgentB An Insurance BrokerC An Insurance CompanyD An Insured Person

A person who works for themselves and sells insurance for a number of

different insurance companies is known as…..

A An Insurance AgentB An Insurance BrokerC An Insurance CompanyD An Insured Person

Question 5

The Fee paid for Insurance if the…

A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance

The Fee paid for Insurance if the…

A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance

Question 6

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

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

Question 7

The Premium you pay for Motor Insurance will not depend on

A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size

The Premium you pay for Motor Insurance will not depend on

A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size

Question 8

In Third party, fire and theft insurance, the car

owner is…A The First PartyB The Second PartyC The Third Party

In Third party, fire and theft insurance, the car

owner is…A The First PartyB The Second PartyC The Third Party

Question 9

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 valueB proposal formC All risk policyD No claims bonus

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 valueB proposal formC All risk policyD No claims bonus

Question 10

Pay Related Social Insurance (PRSI) does not cover which of

the following..

A Taking a HolidayB Becoming Unemployed

C RetirementD unable to work because of illness

Pay Related Social Insurance (PRSI) does not cover which of

the following..

A Taking a HolidayB Becoming Unemployed

C RetirementD unable to work because of illness

Question 11

Which of the following is not a type of Personal

insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance

Which of the following is not a type of Personal

insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance

Question 12

An application form for insurance is called a…

A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy

An application form for insurance is called a…

A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy

Question 13

A person who works for one insurance company and sells insurance to members of the

Public is called a…A Insurance BrokerB Insurance CompanyC InsurerD Insurance Agent

A person who works for one insurance company and sells insurance to members of the

Public is called a…A Insurance BrokerB Insurance CompanyC InsurerD Insurance Agent

Question 14

The Principal of Insurance that means you cannot make a profit

from insurance is……

A Insurable InterestB ContributionC Utmost Good FaithD Indemnity

The Principal of Insurance that means you cannot make a profit

from insurance is……

A Insurable InterestB ContributionC Utmost Good FaithD Indemnity

Question 15

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 InsuranceC Fidelity Guarantee insurance

D Employers Liability insurance

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 InsuranceC Fidelity Guarantee insurance

D Employers Liability insurance

Question 16

The Insurance Principal that states that you must tell the truth and reveal all material facts is…

A Insurable InterestB ContributionC Utmost Good FaithD Indemnity

The Insurance Principal that states that you must tell the truth and reveal all material facts is…

A Insurable InterestB ContributionC Utmost Good FaithD Indemnity

Thank You