Alberta General Insurance Level 1 Practice Exam

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Ace your Alberta General Insurance Level 1 Exam with our comprehensive practice quiz. Tailored to mimic the real test, our quiz offers detailed explanations, expert tips, and all you need to succeed. Start your path to becoming a licensed professional today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is a subscription policy?

A policy for subscribers of a newsletter
An individual policy covering only one risk
A group policy for employees of a company
An arrangement where multiple insurers cover the risk

The correct answer is: An arrangement where multiple insurers cover the risk

A subscription policy is an insurance policy that provides coverage for a specific risk and is shared among multiple insurers. This is different from a group policy (option C) which covers a group of individuals under one policy, or an individual policy (option B) that covers only one person. A subscription policy is also distinct from a policy for subscribers of a newsletter (option A), as it pertains to insurance coverage rather than marketing subscriptions. Therefore, option D is the most accurate choice.