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18

Underwriting Associate Activation

Test your skills by answering the ten (10) questions provided.

1 / 15

Insurance premiums reflect the amount of risk a client poses to the insurance company. What two factors of a client’s history are used to measure risk?

2 / 15

What is an insurance ‘premium’?

3 / 15

What is the etymological meaning of insurance

4 / 15

True or false: You can share life insurance with another person.

5 / 15

What key player OR players work with insurance underwriters?

6 / 15

True or false: you can insure body parts?

7 / 15

What are the benefits of insurance?

8 / 15

True or false: Being caught driving without a seatbelt does not affect your insurance?

9 / 15

What is a ‘claim’?

10 / 15

Which item is insured by basic home insurance?

11 / 15

What year was the first insurance contract documented?

12 / 15

What is an example of an uninsurable risk?

13 / 15

True or false: you do not need to be licensed to sell P&C insurance in Ontario?

14 / 15

What does ‘P&C’ insurance stand for?

15 / 15

What is a ‘payout’?

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