CTC CTC Travel Insurance & Risk Management

Question 1

Which travel insurance benefit covers a traveler who must return home early due to a family emergency?

Accepted Answer

Trip interruption

Answer

Trip cancellation

Answer

Medical evacuation

Answer

Baggage loss

Question 2

A travel counselor's primary duty of care regarding travel insurance is to:

Accepted Answer

Inform clients of available coverage options and document that the discussion occurred

Answer

Purchase insurance on behalf of clients without asking

Answer

Require all clients to purchase insurance before booking

Answer

Select the cheapest available policy for clients

Question 3

What does 'Cancel For Any Reason' (CFAR) travel insurance allow a policyholder to do?

Accepted Answer

Cancel a trip for any reason and receive a partial refund (typically 50–75%) not subject to standard policy restrictions

Answer

Cancel a trip and receive a 100% cash refund

Answer

Cancel flights but not hotel bookings

Answer

Cancel at any time up to the day of departure

Question 4

Which type of travel insurance covers the cost of emergency medical transport to the nearest adequate medical facility or back home?

Accepted Answer

Emergency medical evacuation

Answer

Trip cancellation

Answer

Baggage delay

Answer

Travel delay

Question 5

A 'pre-existing condition exclusion' in travel insurance typically means:

Accepted Answer

Medical conditions that existed before the policy's effective date may not be covered unless a waiver is purchased

Answer

All medical conditions are covered regardless of history

Answer

Only conditions diagnosed after booking are covered

Answer

Pre-existing conditions are always covered under US policies

Question 6

To qualify for a pre-existing condition waiver on most travel insurance policies, travelers must typically:

Accepted Answer

Purchase the policy within a specified number of days of their initial trip deposit

Answer

Disclose all conditions to the insurer at time of travel

Answer

Obtain a doctor's certificate before departure

Answer

Book directly with the insurance company, not through a travel agent