Top Insurance Quizzes & Trivia

Better safe than sorry, as the saying goes. And in the modern world, having insurance is the best way to make sure you are safe and not sorry. Insurance is a form of risk management to hedge against the risk of something that could go wrong.

Do you know all about insurance? Are you ready to hedge your bets and go all in on our insurance quizzes? What is the term for the amount of money one pays for insurance coverage? What does the word “indemnify” mean? Which two cultures are credited with the earliest forms of risk management? What kind of modern insurance was first developed during the Great Fire of London in 1666? In 1680, Edward Lloyd opened a coffee shop to serve as a meeting place for maritime insurance, eventually leading to what modern insurance marketplace still bearing his name? What is the process of underwriting? What academic disciplines are employed in the process of price setting insurance policies? Take our insurance quizzes and find out!

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  • If a company cancels an auto policy mid-term, the refund will be made on
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  • What is the term used to describe terminating the insurance relationship at the end of the policy period?
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  • Which is the best example of an indirect loss?
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  • The Process of making and implementing decisions to handle loss exposure is known as __________
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  • An insurance policy is a contract that states the rights and duties of
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  •  Transferring the costs of losses to an insurer would be unnecessary, if there were no
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  • LaTonya purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Who has an insurable interest in this home? Choose all that apply.

  • Highpoint Industries has an automatic sprinkler system installed in its office building. This is an example of which risk management method?

  • Benson Pharmaceutical Company decides not to manufacture a new drug after determining that it has serious potential side effects. This is an example of which risk management method?

  • Which of the following is not a requirement for forming a valid contract?

  • What is meant by a contract of adhesion?

  • Which of the following describes the principle of indemnity?