HomeFinance Test
Insurance Fundamentals Test
Test duration:
20
min
No. of questions:
10
Level of experience:
Mid/Senior

Insurance Fundamentals Test

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Insurance Online Test

The term insurance refers to risk coverage. Insurance is a contract where the individual receives financial support or reimbursement against the losses. An individual’s life is surrounded by unpredictable risks that might refer to life, property, accidental disability, etc. Hence, Insurance is a way of protecting an individual from financial losses.

The online Insurance test helps recruiters and hiring managers assess candidates’ insurance fundamentals skills. Insurance fundamentals skills test is designed by experienced subject matter experts (SMEs) to evaluate and hire Insurance professionals as per the industry standards.

Insurance fundamentals skills test helps to screen the candidates who possess traits as follows:

  • Knowledge of the basics of insurance policies, terms, and rules
  • Understanding of different types of Insurance
  • Familiarity with the terms like Property and Casualty insurance
  • Good communication and problem-solving skills                                                                                                 

Insurance online test is a secure and reliable way of candidate assessment. You can use our role-based access control feature to restrict system access based on the roles of individual users within the recruiting team. Features like window violation, image, audio & video proctoring help detect cheating during the test.

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Test Summary

This test may contain MCQs (Multiple Choice Questions), MAQs (Multiple Answer Questions), Fill in the Blanks, Whiteboard Questions, Audio/Video Questions, LogicBox (AI-based essay evaluation), Job-based Simulations, True or False Questions, etc.

Useful for hiring
  • Life Insurance Manager
  • Insurance Relationship Manager
  • Branch Manager Insurance
  • Assistant Insurance
Test Duration
20
min
No. of Questions
10
Level of Expertise
Mid/Senior
Topics Covered
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Insurance Fundamentals

Property and Casualty

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Life Insurance

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Sample Question
Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.
Question type
Multiple Option
Topics covered
Difficulty
Easy

Question:

Q 1. A 4-star restaurant caught on fire due to an electrical short circuit in a vent fan. For the insurance claim, the restaurant was adamant that the premises look exactly the way they did before the incident, and that all the staff be retained. Which of the following is the most important step the insurer must take to avoid excess loss?

Bring in experts to oversee mandated upgrades.
Use pictures to ensure that it is restored to pre-fire condition.
Pay the staff an agreed sum until reopening.
All of the options.
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