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Insurance Quiz
What is the definition of premium?
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premium
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the amount paid for an insurance policy
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a pool of funds
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The insurance company finds that a homeowner intentionally caused damage.
If two people are invited to invest and become partners in a business, the business owners will then___ the risk
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medical costs can be extremely high, and insurance is more affordable than paying out-of-pocket for a hospital stay.
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protection
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premium
Most people prefer to pay health insurance premiums rather than pay out-of-pocket for medical expenses because
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a pool of funds
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medical costs can be extremely high, and insurance is more affordable than paying out-of-pocket for a hospital stay.
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The insurance company finds that a homeowner intentionally caused damage.
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Share
The basic purpose of insurance is to provide
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protection
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a pool of funds
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the amount paid for an insurance policy
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premium
Maria's family has a health insurance plan. Her mother has
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25 fee. The insurance company covered the rest of the cost of the visit.When Maria's mother went to the hospital, her family was responsible for paying the first
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25 fee Maria's mother paid when Maria visited the doctor?
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protection
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Share
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premium
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co-payment
Under which circumstance would someone need disability insurance?
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A person was in a car accident and cannot work for several months.
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The insurance company finds that a homeowner intentionally caused damage.
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Premium
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co-payment
Which is always a cost when buying insurance?
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the amount paid for an insurance policy
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protection
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premium
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a pool of funds
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