Geico Assessment Test Geico Assessment Test Verbal Reasoning 3

Question 1

A Geico agent's note says: 'The claimant's account was corroborated by two independent witnesses.' What does 'corroborated' mean?

Accepted Answer

Confirmed

Answer

Disputed

Answer

Withdrawn

Answer

Exaggerated

Question 2

Which of the following best describes 'proximate cause' in an insurance claim?

Accepted Answer

The primary cause that directly leads to a loss

Answer

The last event in a chain of events

Answer

The insured's estimated cost of repair

Answer

The date the incident was reported to the insurer

Question 3

A Geico liability notice reads: 'The insured is indemnified up to the policy limits.' What does 'indemnified' mean?

Accepted Answer

Compensated or protected against financial loss

Answer

Penalized for making a false claim

Answer

Required to pay a higher deductible

Answer

Excluded from certain types of coverage

Question 4

Read: 'Geico reserves the right to inspect the vehicle prior to binding coverage.' What does 'binding coverage' refer to?

Accepted Answer

Making coverage officially effective

Answer

Increasing the policy premium

Answer

Restricting the policyholder to one insurer

Answer

Cancelling the existing policy

Question 5

Which sentence correctly uses the term 'premium'?

Accepted Answer

The policyholder pays a monthly premium to keep the policy active.

Answer

After the accident, Geico paid the premium to the body shop.

Answer

The premium is the amount subtracted from the claim payout.

Answer

A premium is issued when a claim is denied.

Question 6

A passage states: 'Claims submitted after the stipulated reporting period will be considered untimely and may be denied.' What does 'stipulated' mean?

Accepted Answer

Specified or agreed upon in advance

Answer

Estimated

Answer

Extended upon request

Answer

Determined after investigation