Insurance Trivia: MCQ Quiz!
11 Questions
| Total Attempts: 91
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Questions and Answers
- 1.The principle of insurance that provides that when a loss occurs, the insured should be restored to the approximate financial condition he or she occupied before the loss occurred, no better or no worse.
- A.
Insurable Interest
- B.
Insurance
- C.
Indemnity
- D.
Implied Warranties
- 2.A mutual insurance company is owned by who?
- A.
Stockholders
- B.
Reciprocals
- C.
Executive Board
- D.
Insureds
- 3.You own the home, but you rent it to others. What type of policy do you need?
- A.
Dwelling Fire
- B.
Homeowners
- C.
Renters
- D.
Personal Umbrella
- 4.What do you call a condition or situation that presents a possibility of loss?
- A.
Pure Risk
- B.
Speculative Risk
- C.
Loss
- D.
Exposure
- 5.What year did NYCM open the Amsterdam branch office?
- A.
1979
- B.
1989
- C.
1999
- D.
2009
- 6.What year was A. Central Insurance Company launched?
- A.
1999
- B.
2000
- C.
2001
- D.
2002
- 7.Which insurance company uses this slogan? "Without it, no insurance is complete."
- A.
Amica
- B.
Geico
- C.
Progressive
- D.
AFLAC
- 8.Which insurance company uses this slogan? "You're in good hands"
- A.
Geico
- B.
Allstate
- C.
Amica
- D.
Progressive
- 9.Which of the following is NOT a NYCM Homeowner discount?
- A.
Gated Community Discount
- B.
Retirement Discount
- C.
Early Signing Discount
- D.
Renovation Discount
- 10.Which year did NYCM Insurance acquire the independent adjusting firm A. F. Stager Inc?
- A.
1990
- B.
1991
- C.
1992
- D.
1993
- 11.As of June 2017, which company does NYCM lose most of its personal lines business to?
- A.
Geico & Allstate
- B.
Allstate & Travelers
- C.
State Farm & Travelers
- D.
Farmers & Allstate
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