CFP 512 PRACTICE EXAM WITH QUESTIONS AND ANSWERS

CFP 512 PRACTICE EXAM WITH QUESTIONS AND ANSWERS
Question: What is the minimum for the deductible on a high
deductible plan for an individual and a family?
CORRECT ANSWER: At least $1,200 for an individual and
$2,400 for a family
Question: Which of the following refers to the process of
evaluating and classifying the risk level of applicants for
insurance?
CORRECT ANSWER: A) Underwriting
Question: Choose the method of risk management that is
implemented by a homeowner who installs storm shutters.
CORRECT ANSWER: A) Reduction
Question: Identify the CORRECT statement(s) regarding
Oscar and Judith’s risk management plan.
CORRECT ANSWER: B) II and IV

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