Choose the Correct Verb and then click on the blank to see the answer
- 1.
A ______ is the disbursement of funds by the insurer to cover a valid claim.
payout
a) Settlement (Regelung)
b) Disbursement (Auszahlung)
c) Payout (Auszahlung) - 2.
______ refers to the compensation provided by the insurer for covered losses.
Indemnity
a) Compensation (Entschädigung)
b) Indemnification (Entschädigung)
c) Indemnity (Entschädigung) - 3.
______ represent the financial setbacks or damages covered by an insurance policy.
Losses
a) Damages (Schäden)
b) Setbacks (Rückschläge)
c) Losses (Verluste) - 4.
______ are specific risks or events covered by an insurance policy.
Perils
a) Threats (Bedrohungen)
b) Risks (Risiken)
c) Perils (Gefahren) - 5.
______ are conditions or situations that increase the likelihood of a loss.
Hazards
a) Risks (Risiken)
b) Dangers (Gefahren)
c) Hazards (Gefahren) - 6.
The ______ determines the cost of insurance coverage.
premium rate
a) Premium cost (Prämienkosten)
b) Rate of payment (Zahlungsrate)
c) Premium rate (Prämienrate) - 7.
______ allows policyholders to extend their insurance coverage beyond the initial term.
Renewal
a) Extension (Verlängerung)
b) Continuation (Fortsetzung)
c) Renewal (Verlängerung) - 8.
______ is the portion of a claim that the insured must pay out of pocket.
Co-payment
a) Shared payment (Gemeinsame Zahlung)
b) Self-payment (Eigenzahlung)
c) Co-payment (Eigenbeteiligung) - 9.
The ______ is the time a policyholder must wait before certain benefits become effective.
waiting period
a) Holding period (Wartezeit)
b) Delay period (Verzögerungszeit)
c) Waiting period (Wartezeit) - 10.
______ assesses the eligibility of an individual or risk for insurance coverage.
Insurability
a) Eligibility (Berechtigung)
b) Coverage assessment (Deckungsbewertung)
c) Insurability (Versicherbarkeit)