Practice test

Insurance Practice Exam 4

Insurance pre-license practice exam 4 at the foundations tier: 25 questions across life, health, P&C, and regulation with instant scoring and explanations.

Free preview

These questions are for study practice only and are not official exam questions.

Question 1

1

A building is insured for $160,000 under an 80 percent coinsurance clause, but its replacement value is $250,000. After a $40,000 covered loss, ignoring the deductible, the coinsurance penalty limits the payment to:

Question 2

2

The legal concept that an insurance applicant and insurer must deal honestly and disclose material facts is called:

Question 3

3

The elimination period in a disability income policy is:

Enable JavaScript for the interactive step-by-step quiz with instant scoring and explanations.