Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Loading
×
heart
Other team wins 10 points!
Oops!
×
seesaw
Swap points!
Okay!
×
gift
Win 20 points!
Okay!
×
thief
Give points!
5
10
15
20
25
10
×
What is meant by contribution?
If you insure an asset with a number of insurance companies, you will not receive compensation from each.
Oops!
Check
Okay!
Check
10
×
What is meant by Average Claues?
This states that if something is insured for only a portion its value, the insurer is only liable for the same portion of the loss.
Oops!
Check
Okay!
Check
×
lifesaver
Give 10 points!
Oops!
×
gift
Win 20 points!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
5
×
What is meant by compensation?
Payment made to an insured person who has suffered a loss.
Oops!
Check
Okay!
Check
20
×
Three types of insurance a family might buy
Health insurance, Life Insurance, House Insurance
Oops!
Check
Okay!
Check
×
baam
Lose 25 points!
Oops!
×
rocket
Go to first place!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
15
×
What does upmost good faith mean?
When applying for insurance the applicant must disclose all material facts.
Oops!
Check
Okay!
Check
10
×
Subrogation
Once an insurance company has paid compensation for any insured item, the right of ownership of that item passes to the insurance company.
Oops!
Check
Okay!
Check
15
×
Definition of assurance
Protection against something that might happen
Oops!
Check
Okay!
Check
10
×
Insurable interest
To insure something, you must benefit from its existence and suffer (financially) from its loss.
Oops!
Check
Okay!
Check
10
×
What is meant by premium?
The money paid for insurance - to cover the risk
Oops!
Check
Okay!
Check
20
×
Actuary
An actuary is employed by the insurance company to decide on the premium that should be charged.
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
gold
Win 50 points!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
10
×
What is meant by indemnity?
You cannot make a profit from an insurance claim
Oops!
Check
Okay!
Check
10
×
Definition of insurance
Protection against financial loss caused by something that might happen.
Oops!
Check
Okay!
Check
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies
