Insurance Trivia: MCQ Quiz!

11 Questions | Total Attempts: 91

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Insurance Trivia: MCQ Quiz! - Quiz

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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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