Knowledge Check! v2

A _____ is something/event that can cause a loss.

_____% of Kiwis have no savings goal

A person other than the insured or insurer who has incurred losses or is entitled to receive payment due to acts or omissions of the insured

The person requesting insurance must have an insurable/financial interest in what is being covered/insured

A person other than the insured or insurer who causes damage to or loss of the insured’s property

This term refers to the insurance company (IAG, AMI & State)

What is the default maximum speed limit on the open road?

_______ is a policy from a financial institution that offers a person, business or other entity reimbursement or financial protection against possible future losses or damages.

What is the legal minimum age for driving in New Zealand?

This is a risk where the outcome of negative events can be measured in financial terms.

Having this licence means the driver is in the restricted phase for one or more class of licence.

_____ are the most common form of public transport in New Zealand, making up the majority of trips in every city that has public transport

This principle of insurance goes both ways. For the insured, they must provide complete, true information. As for the insurer (company), they must provide all necessary information regarding the policy.

What are the three licence types?

_______ is the uncertainty about outcomes, some of which can be negative. Many businesses and families have concerns about the possible financial effect of an unforeseen event, such as fire, accident or theft.

A request made by the insured for payment due to loss/damage and covered under the policy agreement.

This happens when property/items were taken or destroyed by breaking and entering the insured's premises

The process by which an insurance company examines risk and determines whether the insurer will accept the risk or not, classifies those accepted and determines the appropriate rate for coverage provided

At 4.35 a.m. on 4 September 2010, the ______ region was struck by a large (magnitude 7.1) earthquake. It shook the residents, their properties, their land and their lives. But the region breathed a sigh of relief.

Following heavy rain from the remnants of Cyclone Debbie, the stopbank protecting this city from the Tangitaiki River breached on the morning of 6 April 2017. What city is this?

In 1931, these cities of were devastated by New Zealand's deadliest earthquake. At least 256 people died in the magnitude 7.8 'quake - 161 in _____, 93 in ____ and two in Wairoa. Many thousands required medical treatment.

________is usually used to keep certain recipients in the loop, but not necessarily need to respond on the email

The _____ section is the direct or primary recipient to whom the email is addressed

____ means security, protection and compensation given against damage,loss or injury. Insurance is not for making profit.

Having this licence means the driver is still learning to drive for at least one licence class

A _______ is any condition or situation that makes it more likely that a peril will occur.

This is any risk which cannot be measured or expressed in financial terms.

New Zealand is situated in the ______ on the edge of two tectonic plates. Its location makes it vulnerable to earthquakes, Tsunamis, floods, storms and volcanic eruptions

This term refers to a person or organization covered by insurance.

___% of New Zealanders at least sometimes spend more than they earn

These types of risks are localized or even personal in their cause and effect. _____ risk usually affect individuals or a small group of people.

The _______field is the first thing that a recipient will see. It is important that we clearly indicate what the email is about.

The act of stealing / taking and removing personal property with intent to deprive the owner of it

Having this licence means the driver is fully qualified in at least one class of licence

______Risk occur on a vast scale and tend to affect whole countries, region or communities.