Home > Life And Health Insurance Exam > Quizzes > Skill Front Certified Insurance Industry Fundamentals Practice Test
Skill Front Certified Insurance Industry Fundamentals Practice Test
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 63% • Most missed: “Why could we compare insurers to squirrels?”
Skill Front Certified Insurance Industry Fundamentals Practice Test
Time left 00:00
25 Questions

1. How were the Romans able to pay annuities to their soldiers or people who gave them a premium?
2. What did the regulators impose to insurers in order to withstand significant losses and unknowns?
3. What is the main rule for insurance?
4. Why could we compare insurers to squirrels?
5. What is the largest danger for insurers when they offer life insurance products with a guaranteed rate of return?
6. When does an insurance cover start?
7. How did the Romans manage to pay their 'insured' with the collected money?
8. Why are we calling general insurance contracts: 'indemnity contracts'?
9. Which statements correctly capture why the use of the law of large numbers is important for insurers?
10. What is an annuity insurance product?
11. What are the main cash inflows for an insurer?
12. Based on the above illustration, what did the acquisition of Friends Life insurance to Aviva’s shareholders in 2015?
13. Why would we see these results for 2018 as being solid?
14. What is the largest market and profit contributor for non-life insurers?
15. What do insurers have to set-up nowadays in order to fulfil their promises to their customers?
16. What did the Chinese Merchants understand which is at the core of the insurance business model?
17. What did the Flemish people put in place, back in the 13th century, to their annuity contracts to consider the potential changes to the future costs of life?
18. What are the types of life insurance products?
19. What did the Babylonian understand almost 2000 years before Jesus Christ?
20. What were the Dutch people afraid of with the payment of annuities?
21. What did the Geneose put in place for the first time to cover a risk?
22. Why did Romans develop Financing facilities and guarantee the payment of the bills in case of an accident at sea for the cargoes?
23. What is the limit of liability for an insurer?
24. What did the Romans discover with regards to the risk of death?
25. What is a deductible in an insurance policy?

⚡ Recently practiced quizzes in this topic
Live quiz activity
Insurance General Level 1 Licensing Exam Insurance Licensing Exam Revision (Colorado) Maryland Life and Health Insurance Licensing Exam Insurance Agent (India) Practice Test: Level 2 Insurance Agent (India) Practice Test: Level 1 Insurance Agents (Life) Question Bank (India) Insurance Agents (General) Question Bank (India) Insurance Management Practice Test Insurance Exam (LIFE) Practice Test Health Insurance Agents Exam (India) Question Bank
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.