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MSCSIII - Insurance Quiz

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1.
1 point
Which of the following is NOT a type of insurance?
2.
1 point
Physical damage insurance has two components: collision and comprehensive:
3.
1 point
The uncertainty about a situation's outcome:
4.
1 point
A contract between the individual and the insurer specifying the terms of the insurance arrangements:
5.
1 point
A fee paid to the insurer to be covered under specified terms:
6.
1 point
A consumer who purchases the policy:
7.
1 point
The amount paid out of pocket by the policy holder for the initial portion of a loss before insurance coverage begins
8.
1 point
An arrangement between an individual and an insurer to protect against risk:
9.
1 point
Which of the following is NOT a type of automobile insurance?
10.
1 point
An arrangement between an individual and insurer to protect the individual against risk from automobile accidents:
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