瑞达 Rejda 保险教材英文练习题10.docx

1、瑞达 Rejda 保险教材英文练习题10Principles of Risk Management and Insurance, 11e (Rejda)Chapter 10 Analysis of Insurance Contracts1) The portion of a property and liability insurance contract that contains information about the property or activity to be insured is called theA) declarations.B) insuring agreemen

2、t.C) exclusions.D) conditions.Answer: AQuestion Status: Previous Edition2) What information is contained in the insuring agreement of an insurance policyA) a description of the property or life to be insuredB) a summary of the major promises of the insurerC) a summary of the obligations of the insur

3、edD) a list of the property, losses, and perils that are not coveredAnswer: BQuestion Status: Previous Edition3) Which of the following statements about all-risks coverage is (are) true/I. All losses are covered except those losses specifically excluded.II. The burden of proof is on the insured to p

4、rove that a loss is covered.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: AQuestion Status: Previous Edition4) The exclusion of flood in a homeowners policy is an example of an:A) excluded activity.B) excluded condition.C) excluded property.D) excluded peril.Answer: DQuestion Status:

5、 Previous Edition5) Exclusions are used in insurance policies for all of the following reasons EXCEPTA) to reduce moral hazard.B) to waive policy conditions.#C) to eliminate coverage for uninsurable perils.D) to eliminate coverage not needed by typical insureds.Answer: BQuestion Status: Previous Edi

6、tion6) Reasons why a peril may be considered uninsurable and therefore excluded from insurance contracts include which of the followingI. The losses from the occurrence of the peril may be due to a predictable decline in value.II. The losses from the occurrence of the peril may be incalculable and c

7、atastrophic.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: CQuestion Status: Previous Edition7) The policy provision requiring the filing of proof of loss with the insurer is an example of a(n)A) declaration.B) condition.C) insuring agreement.D) miscellaneous provision.Answer: B：Quest

8、ion Status: Previous Edition8) Which of the following statements about the definition of the insured is (are) trueI. In some cases, a person who is not specifically named may be classified as an insured.II. Under no circumstances can more than one person be named as an insured.A) I onlyB) II onlyC)

9、both I and IID) neither I nor IIAnswer: AQuestion Status: Previous Edition9) All of the following statements about endorsements and riders are true EXCEPTA) They are usually written.B) They can be used to add or delete policy provisions.C) They normally take precedence over other conflicting policy

10、provisions.D) They are primarily used to circumvent legislation requiring specific policy provisions.Answer: DQuestion Status: Previous Edition10) Deductibles are used in all of the following types of insurance EXCEPTA) life insurance.B) health insurance.C) property insurance.D) automobile insurance

11、.Answer: AQuestion Status: Previous Edition11) All of the following are purposes of deductibles EXCEPTA) to eliminate small claims.B) to reduce premiums.C) to reduce attitudinal hazard.D) to exclude uninsurable perils.Answer: DQuestion Status: Revised12) The deductible used for automobile collision

12、losses is an example of a(n)A) corridor deductible.B) elimination period.C) straight deductible.D) aggregate deductible.Answer: CQuestion Status: Previous Edition13) Which of the following statements about a calendar-year deductible is (are) trueI. It requires the insured to pay a specified amount o

13、f each claim regardless of when the claim occurs during the year and regardless of any previous claims during the year.II. It is used only in policies which cover direct property losses.A) I onlyB) II onlyC) both I and IID) neither I nor II：Answer: DQuestion Status: Previous Edition14) A provision i

14、n a disability income insurance policy that requires a person to be disabled for 60 days before receiving benefits is an example of a(n)A) corridor deductible.B) grace period.C) elimination period.D) probationary period.Answer: CQuestion Status: Revised15) At what point in time must an insured meet

15、the coinsurance requirement in a property insurance policy in order to avoid having to pay a portion of the lossA) only at the time of lossB) only at the time when the policy is issued C) only at the time of policy applicationD) both at the time when the policy is issued and at the time of lossAnswe

16、r: AQuestion Status: Revised16) David owns a commercial building with a replacement cost of $4 million. The building is insured on a replacement cost basis for $3 million under a fire insurance policy that has an 80 percent coinsurance clause. How much will David collect if the building sustains a c

17、overed fire loss with a replacement cost of $320,000A) $266,667B) $275,000C) $300,000D) $320,000Answer: CQuestion Status: Previous Edition17) The primary purpose of coinsurance in property insurance is toA) reduce moral hazard.B) achieve equity in rating.C) minimize problems in settling claims.D) el

18、iminate small losses.Answer: BQuestion Status: Previous Edition18) Which of the following statements about problems arising from the use of a coinsurance clause is (are) trueI. The amount of insurance should be periodically evaluated to avoid a coinsurance penalty because of inflation.II. An agreed

19、value coverage option is one method used to solve the problem of values that fluctuate throughout the policy term.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: CQuestion Status: Previous Edition19) Connie has a major medical policy with a $200 deductible and a 75-25 coinsurance claus

20、e. If she has eligible medical expenses of $10,000, how much will be paid by her insurerA) $7,300B) $7,350C) $7,500D) $9,800Answer: BQuestion Status: Previous Edition20) Purposes of the coinsurance clause in health insurance contracts include which of the followingI. To reduce premiums.II. To exclud

21、e coverage for certain medical procedures.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: AQuestion Status: Previous Edition21) The purpose of other-insurance provisions is toA) eliminate the need for deductibles.B) penalize those insureds who carry inadequate amounts of insurance.C) s

22、pecify who will pay losses if the insurer is bankrupt.D) preserve the principle of indemnity.Answer: DQuestion Status: Previous Edition22) Lisa has three fire insurance policies on her office building. The policy from company A is for $400,000, and the policies from companies B and C are for $100,00

23、0 each. If Lisa has a $360,000 loss, how much of the loss will be covered by each policy if the loss is settled on a pro rata basis by the insurers、A) each policy: $120,000B) policy A: $160,000; policies B and C: $100,000 eachC) policy A: $240,000; policies B and C: $60,000 eachD) policy A: $360,000

24、; policies B and C: nothingAnswer: CQuestion Status: Previous Edition23) Kevin has three liability policies which provide for contribution by equal shares if other insurance applies to a loss. How much will each policy pay for a $3,000,000 liability judgment if policy A provides $500,000 of coverage

25、, policy B provides $1,000,000 of coverage, and policy C provides $3,000,000 of coverageA) Each policy will pay $500,000, and Kevin must pay the remaining $1,500,000.B) Policy A will pay $500,000, policies B and C will each pay $1,000,000, and Kevin must pay the remaining $500,000.:C) Policy A will

26、pay nothing, policy B will pay $1,000,000, and policy C will pay $2,000,000.D) Policy A will pay $500,000, policy B will pay $1,000,000, and policy C will pay $1,500,000.Answer: DQuestion Status: Previous Edition24) Helen and John both own automobiles on which they carry liability insurance. If Hele

27、n is negligent and has an accident while driving Johns car, how will each insurer respond to any liability judgment against HelenA) The insurers will pay the judgment on a pro rata basis.B) Johns insurer will pay on an excess basis if Helens insurance is insufficient to cover the judgment.C) Helens

28、insurance will pay on an excess basis if Johns insurance is insufficient to cover the judgment.D) The policies will pay the judgment on the basis of contribution by equal shares.（Answer: CQuestion Status: Previous Edition25) Kate is covered under her employers group health plan. She is also covered

29、as a dependent under her husbands group health plan. Under the usual coordination-of-benefits provision, how will each company respond to a claim filed by KateA) Kates plan is primary, and her husbands plan is excess.B) Her husbands plan is primary, and Kates plan is excess.C) The plan of the person

30、 with the birthday earliest in the year pays first, and the other plan is excess.D) Each plan will pay 50 percent of the claim.Answer: AQuestion Status: Previous Edition26) Erics property was damaged in an accident. He phoned his agent to see if the loss was covered under his property insurance poli

31、cy. The agent said, As long as the cause of loss is not specifically excluded in the policy, the loss is covered. Based on the agents answer, what type of insuring agreement appears in the policyA) unconditional coverageB) named-perils coverageC) extended-perils coverageD) all-risks coverageAnswer: DQuestion Status: Previous Edition27) Janet hit a wall causing a large dent in the fender of her car. She was busy at work and delayed reporting the damage to her insurer for 9 months. The insurer denied the claim, stating