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!

Practice this question and more.

When is payment of premiums due?

After the claim is made
When coverage becomes effective
30 days after coverage starts
At the end of the coverage period

The correct answer is: When coverage becomes effective

The payment of premiums is typically due when coverage becomes effective. This means that the payment is due at the start of the insurance policy, before any claims are made. Option A, after the claim is made, is incorrect because the payment must be made before any claims are processed. Option C, 30 days after coverage starts, may be incorrect because it may vary depending on the specific terms of the policy. Option D, at the end of the coverage period, is incorrect because the payment is typically due at the start of the coverage period. It is important to make the payment on time to ensure that coverage is in effect and to avoid any lapses in coverage.