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.

Which is not a characteristic of a healthy insurance marketplace?

Limited product availability
Needs of consumers are met
Fairly priced products
Fair treatment of both insureds and claimants

The correct answer is: Limited product availability

The correct answer is A because a healthy insurance marketplace should have an abundance of product availability so that consumers have more options to choose from. Having limited product availability means that consumers may not be able to find a suitable insurance plan that meets their needs which can lead to dissatisfaction and frustration. The other options, B, C, and D, are all characteristics of a healthy insurance marketplace. These include meeting the needs of consumers, offering fairly priced products, and ensuring fair treatment for both insured individuals and claimants.