Geico Assessment Test Geico Knowledge 5

Question 1

An 'underwriter' in insurance is primarily responsible for what?

Accepted Answer

Assessing risk and deciding policy terms and pricing

Answer

Designing TV commercials

Answer

Repairing damaged cars

Answer

Delivering mail

Question 2

What does 'premium increase' after an at-fault accident usually reflect?

Accepted Answer

A higher assessed risk for the insurer

Answer

A reward for the driver

Answer

A discount being applied

Answer

A clerical error every time

Question 3

Which discount is GEICO commonly known to offer?

Accepted Answer

Multi-policy (bundling) discount

Answer

Discount for driving without a license

Answer

Discount for never paying premiums

Answer

Discount for hiding accidents

Question 4

What is the purpose of a 'claim' in insurance?

Accepted Answer

A request for the insurer to pay for a covered loss

Answer

A way to cancel a policy

Answer

A type of advertisement

Answer

A monthly billing statement

Question 5

Uninsured motorist coverage helps protect you when:

Accepted Answer

You are hit by a driver who has no insurance

Answer

You cause damage to your own garage

Answer

Your premium is paid late

Answer

You want to add a new car

Question 6

Which best describes 'comprehensive vs. collision' coverage difference?

Accepted Answer

Collision covers crashes; comprehensive covers non-crash events like theft or weather

Answer

They are identical terms

Answer

Comprehensive only covers parking tickets

Answer

Collision only covers medical bills

Question 7

A good-faith insurer is expected to handle claims:

Accepted Answer

Fairly, promptly, and according to policy terms

Answer

By delaying payment as long as possible

Answer

By denying all claims automatically

Answer

Only for its favorite customers