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

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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 two taxes paid by employes

PAYE & PRSI

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

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

Insurance certificate

Name three types of personal insurance

Motor, health and travel

True or false- USC is only paid by people earning over a certain amount

True

What is the current standard rate of VAT in Ireland

23%

Name the government body responsible for collecting tax in Ireland

Revenue commissioners

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,

What have the government done to be more sustainable- a tax

Plastic bag levy

What tax is added to the cost of petrol and diesel?

Carbon tax

Who pays PRSI?

Workers

What does PRSI stand for?

Pay related social insurance

What is DIRT paid on?

Savings

Name two taxes paid by businesses

Corporation tax, VAT

What does PAYE stand for

Pay as you earn

You can only insure something you benefit from financially

Insurable interest

What does USC stand for

Universal social charge