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[Show more]AINS 101 - Course exam Questions with 
100% Correct Answers 
The primary role of insurance is to - answerIndemnify individuals and organizations for 
covered losses. 
As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, 
her friend Mehmet tells her not to s...
Preview 2 out of 5 pages
Add to cartAINS 101 - Course exam Questions with 
100% Correct Answers 
The primary role of insurance is to - answerIndemnify individuals and organizations for 
covered losses. 
As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, 
her friend Mehmet tells her not to s...
AINS 101 Exam With 100% Correct 
Answers 
Which one of the following statements is correct regarding the benefits provided by insurance? 
A. Insurance reduces the financial consequences of loss exposures but not the related 
uncertainty. 
B. The reduction in losses paid by insurers due to risk contr...
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Add to cartAINS 101 Exam With 100% Correct 
Answers 
Which one of the following statements is correct regarding the benefits provided by insurance? 
A. Insurance reduces the financial consequences of loss exposures but not the related 
uncertainty. 
B. The reduction in losses paid by insurers due to risk contr...
AINS 101 Simulated Exam With 100% 
Correct Answers 2024 
For a loss exposure to be ideally insurable it must be definite in (3 things) - answertime, 
cause, location 
The two main sectors of the insurance industry are - answerP/C and life-health 
Rachel is a new employee of Westley Insurance, and ha...
Preview 2 out of 5 pages
Add to cartAINS 101 Simulated Exam With 100% 
Correct Answers 2024 
For a loss exposure to be ideally insurable it must be definite in (3 things) - answertime, 
cause, location 
The two main sectors of the insurance industry are - answerP/C and life-health 
Rachel is a new employee of Westley Insurance, and ha...
AINS 101 Exam Questions with 100% 
Correct Answers | Verified 
Actual cash value (ACV) - answerThe cost to replace property with new property of like 
kind and quality less depreciation. 
Adverse selection - answerInsuring individuals with a high probability of loss at a cost lower 
than the insurer...
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Add to cartAINS 101 Exam Questions with 100% 
Correct Answers | Verified 
Actual cash value (ACV) - answerThe cost to replace property with new property of like 
kind and quality less depreciation. 
Adverse selection - answerInsuring individuals with a high probability of loss at a cost lower 
than the insurer...
AINS 101 Exam Questions with 100% 
Correct Answers | Verified 
One of the reasons for insurance regulation is to prevent destructive competition. In which one of 
the following scenarios would destructive competition be exhibited? - answerEast Insurance 
comes up with a new rate structure allowing ...
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Add to cartAINS 101 Exam Questions with 100% 
Correct Answers | Verified 
One of the reasons for insurance regulation is to prevent destructive competition. In which one of 
the following scenarios would destructive competition be exhibited? - answerEast Insurance 
comes up with a new rate structure allowing ...
AINS 101 Exam Questions with 100% 
Correct Answers | Verified 
Which of the following is an example of a legal requirement for individuals that could be met 
through insurance? 
a. contributing to the growth of the organization 
b. paying for losses 
c. obtaining personal auto insurance 
d. providin...
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Add to cartAINS 101 Exam Questions with 100% 
Correct Answers | Verified 
Which of the following is an example of a legal requirement for individuals that could be met 
through insurance? 
a. contributing to the growth of the organization 
b. paying for losses 
c. obtaining personal auto insurance 
d. providin...
AINS 101 Exam Questions with 100% 
Correct Answers | Verified 
Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He 
represents only ABC when marketing insurance products, and uses an administrative staff also 
employed by ABC. Bill is a producer in the - answerDirect wr...
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Add to cartAINS 101 Exam Questions with 100% 
Correct Answers | Verified 
Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He 
represents only ABC when marketing insurance products, and uses an administrative staff also 
employed by ABC. Bill is a producer in the - answerDirect wr...
AINS Practice Exam Review With 100% 
Correct Answers 
One distinguishing feature between independent agency systems and other marketing systems is 
the... - answeragency expiration list 
Foreign Insurer - answerAn insurer licensed to operate in a state but incorporated in another 
state 
Domestic In...
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Add to cartAINS Practice Exam Review With 100% 
Correct Answers 
One distinguishing feature between independent agency systems and other marketing systems is 
the... - answeragency expiration list 
Foreign Insurer - answerAn insurer licensed to operate in a state but incorporated in another 
state 
Domestic In...
AINS 101: Practice Questions and Answers 
(Graded A+) 
Joe and Helene are married with two teenage children and two dogs. They own three cars and a 
large house with a swimming pool in the back yard. Their insurance agent advised them that the 
pool, teenage drivers, and dogs put them at risk for la...
Preview 2 out of 11 pages
Add to cartAINS 101: Practice Questions and Answers 
(Graded A+) 
Joe and Helene are married with two teenage children and two dogs. They own three cars and a 
large house with a swimming pool in the back yard. Their insurance agent advised them that the 
pool, teenage drivers, and dogs put them at risk for la...
AINS 101: Practice Questions and Answers 
(Graded A+) Latest and Updated 
Which one of the following best describes the concept of pooling? - answerThe concept of 
pooling is that insureds share the cost of each other's losses 
As a single mother on a very tight budget, Ciara is tempted to skimp on...
Preview 2 out of 11 pages
Add to cartAINS 101: Practice Questions and Answers 
(Graded A+) Latest and Updated 
Which one of the following best describes the concept of pooling? - answerThe concept of 
pooling is that insureds share the cost of each other's losses 
As a single mother on a very tight budget, Ciara is tempted to skimp on...
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