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

Corroborated means supported or confirmed by additional evidence or testimony.

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

Proximate cause is the dominant, direct cause that sets in motion the sequence of events resulting in a loss.

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

To indemnify means to compensate someone for harm or loss, restoring them financially to their pre-loss condition.

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

Binding coverage means the insurer officially activates and commits to the insurance contract.

Question 5

Which sentence correctly uses the term 'premium'?

Accepted Answer

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

Answer

A premium is the periodic payment the policyholder makes to the insurer to maintain insurance coverage.

Geico Assessment Test Practice Test