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Insurance English Intermediate Test

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The regular payments a policyholder makes to the insurance company are called:
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Terms in this set (20)
The regular payments a policyholder makes to the insurance company are called:
Premiums
3 MULTIPLE CHOICE OPTIONS
If your car is damaged, you call the insurance company to make a:
Claim
3 MULTIPLE CHOICE OPTIONS
- The length of your insurance contract (e.g. 1 year, 5 years or 20 years) is called the:
Term
3 MULTIPLE CHOICE OPTIONS
Another way of saying "non-life" insurance is:
General
3 MULTIPLE CHOICE OPTIONS
The person who calculates the basic cost of insurance is called:
An actuary
3 MULTIPLE CHOICE OPTIONS
An insurance contract is called:
A policy
3 MULTIPLE CHOICE OPTIONS
Someone who sells the products of one insurance company is known as:
An agent
3 MULTIPLE CHOICE OPTIONS
The person who decides if the insurance company will accept a risk is called:
The underwriter
3 MULTIPLE CHOICE OPTIONS
The insurance ombudsman:
Settles disputes between insurers and clients
3 MULTIPLE CHOICE OPTIONS
If the premiums are not paid for several months, the contract may
Lapse
3 MULTIPLE CHOICE OPTIONS
- Insurance companies are sometimes called:
Carriers
3 MULTIPLE CHOICE OPTIONS
In an insurance firm, an adjustor works on:
Claims
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A contract between an insurance company and a reinsurance company is often called:
A treaty
3 MULTIPLE CHOICE OPTIONS
In the event of a successful claim, money is usually paid to:
The beneficiary
3 MULTIPLE CHOICE OPTIONS
In insurance, a rep is another name for
A representative
3 MULTIPLE CHOICE OPTIONS