Primerica Pre-licensing Course Questions and
Correct Detailed Answers (Verified Answers)
||Already Graded A+||Newest Version
Quiz: agent
Ans: legal representative of an insurance company; the classification of
producer usually includes agents and brokers; agents are the agents of the
insurer
Quiz: insured
Ans: the person covered by the insurance policy; this person may or may not
be the policyowner
Quiz: broker
Ans: an insurance agent not appointed by an insurer and is deemed to
represent the client
Quiz: insurance policy
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, Ans: a contract between a policyowner (and/or insured) and an insurance
company which agrees to pay the insured or the beneficiary for loss caused by
specific events
Quiz: insurer
Ans: the company who issues an insurance policy
Quiz: policyowner
Ans: the person entitled to exercise the rights and privileges in the policy
Quiz: premium
Ans: the money paid to the insurance company for the insurance policy
Quiz: reciprocity
Ans: a mutual interchange of rights and priveleges
Quiz: risk
Ans: the uncertainty or chance of a loss occurring
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, Quiz: pure risk
Ans: situations that can only result in a loss or no change; no opportunity for
financial gain
Quiz: speculative risk
Ans: involves the opportunity for either loss or gain; not insurable
Quiz: hazard
Ans: condition or situation that increases the probability of an insured loss
occurring
Quiz: physical hazard
Ans: individual characteristic that increases the chance of a cause of loss;
exists because of a physical condition, past medical history, or condition at
birth (i.e. blindness)
Quiz: moral hazard
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, Ans: tendency towards increased risk; involves evaluating the character and
reputation of the proposed insured; these applicants may lie on an application
for insurance, or have submitted fraudulent claims in the past
Quiz: morale hazard
Ans: similar to moral hazards; arise from a state of mind that causes
indifference to loss, such as carelessness; actions taken without forethought
may cause physical injuries
Quiz: peril
Ans: the cause of the loss insured against in an insurance policy
Quiz: life insurance
Ans: insures against the financial loss caused by the premature death of the
insured
Quiz: health insurance
Ans: insures against the medical expenses and/or loss of income caused by the
insured's sickness or accidental injury
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me in the number given.
Correct Detailed Answers (Verified Answers)
||Already Graded A+||Newest Version
Quiz: agent
Ans: legal representative of an insurance company; the classification of
producer usually includes agents and brokers; agents are the agents of the
insurer
Quiz: insured
Ans: the person covered by the insurance policy; this person may or may not
be the policyowner
Quiz: broker
Ans: an insurance agent not appointed by an insurer and is deemed to
represent the client
Quiz: insurance policy
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Ans: a contract between a policyowner (and/or insured) and an insurance
company which agrees to pay the insured or the beneficiary for loss caused by
specific events
Quiz: insurer
Ans: the company who issues an insurance policy
Quiz: policyowner
Ans: the person entitled to exercise the rights and privileges in the policy
Quiz: premium
Ans: the money paid to the insurance company for the insurance policy
Quiz: reciprocity
Ans: a mutual interchange of rights and priveleges
Quiz: risk
Ans: the uncertainty or chance of a loss occurring
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Quiz: pure risk
Ans: situations that can only result in a loss or no change; no opportunity for
financial gain
Quiz: speculative risk
Ans: involves the opportunity for either loss or gain; not insurable
Quiz: hazard
Ans: condition or situation that increases the probability of an insured loss
occurring
Quiz: physical hazard
Ans: individual characteristic that increases the chance of a cause of loss;
exists because of a physical condition, past medical history, or condition at
birth (i.e. blindness)
Quiz: moral hazard
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
, Ans: tendency towards increased risk; involves evaluating the character and
reputation of the proposed insured; these applicants may lie on an application
for insurance, or have submitted fraudulent claims in the past
Quiz: morale hazard
Ans: similar to moral hazards; arise from a state of mind that causes
indifference to loss, such as carelessness; actions taken without forethought
may cause physical injuries
Quiz: peril
Ans: the cause of the loss insured against in an insurance policy
Quiz: life insurance
Ans: insures against the financial loss caused by the premature death of the
insured
Quiz: health insurance
Ans: insures against the medical expenses and/or loss of income caused by the
insured's sickness or accidental injury
o
o
© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
o Your Success is Our Mission!
[+254707240657]
o For online exams and tutor expert, please whatsapp
me in the number given.
