Comparing Insurance Policies with AI Quiz

Answers and explanations appear as you take the quiz.

1. Which part of a policy removes coverage that the insuring agreement would otherwise grant?
   • The declarations page
   • The conditions
   • The exclusions
   • The definitions
2. An AI comparison shows two home policies with the same premium, but one pays roof claims at actual cash value. Why does that matter?
   • Actual cash value subtracts depreciation, so an older roof can pay out far less than under replacement cost
   • Actual cash value always pays more than replacement cost
   • It only changes the deductible, not the payout
   • It means the roof is excluded entirely
3. Why is anti-concurrent causation wording a hazard for AI summaries?
   • It only appears in life insurance policies
   • It always increases coverage
   • It is printed in a font OCR cannot read
   • It can deny a loss when an excluded cause such as flood combines with a covered cause, and summaries often oversimplify it
4. Why does identifying an ISO form number help a comparison tool?
   • It reveals the carrier's profit margin
   • It lets the system compare the form with a known baseline and focus on endorsements and custom wording
   • It automatically approves the claim
   • It converts the policy into a declarations page
5. What should an extraction schema do when it can't find a field's value in the policy?
   • Fill in the most common value for that type of policy
   • Copy the value from a competing policy
   • Leave the field empty rather than guess
   • Ask the model to invent a plausible value
6. Why does the guide recommend splitting policies along their own headings and form numbers rather than into fixed-size chunks?
   • It makes the PDF file smaller
   • So each exclusion stays attached to its coverage part
   • Fixed-size chunks are illegal to use
   • It removes the need for OCR
7. An AI summary says a client's policy covers a loss. What does the guide say should happen before advising the client?
   • Send the summary to the client right away
   • Ask a second AI to confirm and skip human review
   • Rely on what standard forms usually say
   • A licensed professional checks the cited source language, because the policy wording controls
8. Why should comparison output separate different wording from different coverage?
   • Reworded clauses often mean the same thing
   • Different wording always means less coverage
   • Carriers are required to use identical wording
   • It makes the output longer and more thorough