Insurance | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 20 Public

2nd year business

Study Slideshow

Name the 5 main principals of insurance

Utmost good faith, insurable interest, indemnity, contribution & subrogation

Explain utmost good faith

You must tell the trust and give all relevant information when applying for insurance

Name three types of personal insurance

Motor, health and travel

What does PRSI stand for?

Pay related social insurance

Who pays PRSI?

Workers

LIs two pieces of advice for someone looking for car insurance

Shop around, consider being a name driver on a parents car, drive a small car,

A document that proves you have insurance and outlines the key details of the policy is what?

Insurance certificate

A form used to collect information from the applicant so the insurer can decide whether to offer insurance and at what price.

Proposal form

Name 3 types of car insurance

Third party, third party fire and theft, comprehensive

You can only insure something you benefit from financially

Insurable interest

Name the government body responsible for collecting tax in Ireland

Revenue commissioners

What does PAYE stand for

Pay as you earn

What does USC stand for

Universal social charge

Name two taxes paid by employes

PAYE & PRSI

Name two taxes paid by businesses

Corporation tax, VAT

What is DIRT paid on?

Savings