revision of insurance
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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 Assurance B Motor Insurance C Home Insurance D Travel Insurance. Question 2. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/1.jpg)
![Page 2: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/2.jpg)
REVISION OF INSURANCE
IN GROUPS OF THREE
COMPETITION
![Page 3: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/3.jpg)
Question 1
![Page 4: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/4.jpg)
Third party, fire and theft and comprehensive Insurance are
examples of which type of Insurance
A Life AssuranceB Motor InsuranceC Home InsuranceD Travel Insurance
![Page 5: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/5.jpg)
Question 2
![Page 6: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/6.jpg)
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
![Page 7: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/7.jpg)
Question 3
![Page 8: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/8.jpg)
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
![Page 9: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/9.jpg)
Question 4
![Page 10: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/10.jpg)
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
![Page 11: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/11.jpg)
Question 5
![Page 12: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/12.jpg)
The Fee paid for Insurance if the…
A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance
![Page 13: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/13.jpg)
Question 6
![Page 14: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/14.jpg)
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
![Page 15: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/15.jpg)
Question 7
![Page 16: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/16.jpg)
The Premium you pay for Motor Insurance will not depend on
A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size
![Page 17: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/17.jpg)
Question 8
![Page 18: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/18.jpg)
In Third party, fire and theft insurance, the car
owner is…A The First PartyB The Second PartyC The Third Party
![Page 19: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/19.jpg)
Question 9
![Page 20: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/20.jpg)
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
![Page 21: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/21.jpg)
Question 10
![Page 22: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/22.jpg)
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
![Page 23: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/23.jpg)
Question 11
![Page 24: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/24.jpg)
Which of the following is not a type of Personal
insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance
![Page 25: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/25.jpg)
Question 12
![Page 26: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/26.jpg)
An application form for insurance is called a…
A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy
![Page 27: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/27.jpg)
Question 13
![Page 28: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/28.jpg)
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
![Page 29: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/29.jpg)
Question 14
![Page 30: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/30.jpg)
The Principal of Insurance that means you cannot make a profit
from insurance is……
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
![Page 31: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/31.jpg)
Question 15
![Page 32: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/32.jpg)
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
![Page 33: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/33.jpg)
Question 16
![Page 34: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/34.jpg)
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
![Page 35: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/35.jpg)
Answers
![Page 36: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/36.jpg)
Question 1
![Page 37: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/37.jpg)
Third party, fire and theft and comprehensive Insurance are
examples of which type of Insurance
A Life AssuranceB Motor InsuranceC Home InsuranceD Travel Insurance
![Page 38: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/38.jpg)
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
![Page 39: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/39.jpg)
Question 2
![Page 40: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/40.jpg)
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
![Page 41: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/41.jpg)
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
![Page 42: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/42.jpg)
Question 3
![Page 43: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/43.jpg)
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
![Page 44: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/44.jpg)
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
![Page 45: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/45.jpg)
Question 4
![Page 46: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/46.jpg)
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
![Page 47: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/47.jpg)
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
![Page 48: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/48.jpg)
Question 5
![Page 49: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/49.jpg)
The Fee paid for Insurance if the…
A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance
![Page 50: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/50.jpg)
The Fee paid for Insurance if the…
A Proposal FormB Insurance PolicyC PremiumD Certificate of Insurance
![Page 51: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/51.jpg)
Question 6
![Page 52: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/52.jpg)
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
![Page 53: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/53.jpg)
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
![Page 54: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/54.jpg)
Question 7
![Page 55: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/55.jpg)
The Premium you pay for Motor Insurance will not depend on
A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size
![Page 56: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/56.jpg)
The Premium you pay for Motor Insurance will not depend on
A Full/ Provisional LicenseB Any Previous AccidentsC GenderD The Car’s engine size
![Page 57: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/57.jpg)
Question 8
![Page 58: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/58.jpg)
In Third party, fire and theft insurance, the car
owner is…A The First PartyB The Second PartyC The Third Party
![Page 59: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/59.jpg)
In Third party, fire and theft insurance, the car
owner is…A The First PartyB The Second PartyC The Third Party
![Page 60: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/60.jpg)
Question 9
![Page 61: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/61.jpg)
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
![Page 62: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/62.jpg)
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
![Page 63: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/63.jpg)
Question 10
![Page 64: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/64.jpg)
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
![Page 65: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/65.jpg)
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
![Page 66: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/66.jpg)
Question 11
![Page 67: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/67.jpg)
Which of the following is not a type of Personal
insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance
![Page 68: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/68.jpg)
Which of the following is not a type of Personal
insurance?A Health InsuranceB PRSI insuranceC Term AssuranceD Personal accident insurance
![Page 69: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/69.jpg)
Question 12
![Page 70: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/70.jpg)
An application form for insurance is called a…
A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy
![Page 71: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/71.jpg)
An application form for insurance is called a…
A Proposal FormB Renewal NoticeC Cover NoteD Insurance Policy
![Page 72: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/72.jpg)
Question 13
![Page 73: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/73.jpg)
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
![Page 74: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/74.jpg)
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
![Page 75: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/75.jpg)
Question 14
![Page 76: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/76.jpg)
The Principal of Insurance that means you cannot make a profit
from insurance is……
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
![Page 77: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/77.jpg)
The Principal of Insurance that means you cannot make a profit
from insurance is……
A Insurable InterestB ContributionC Utmost Good FaithD Indemnity
![Page 78: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/78.jpg)
Question 15
![Page 79: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/79.jpg)
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
![Page 80: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/80.jpg)
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
![Page 81: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/81.jpg)
Question 16
![Page 82: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/82.jpg)
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
![Page 83: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/83.jpg)
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
![Page 84: REVISION OF INSURANCE](https://reader035.vdocuments.net/reader035/viewer/2022070500/56816897550346895ddf248b/html5/thumbnails/84.jpg)
Thank You