AINS 102 (Latest 2024 / 2025 Update) Understanding Personal Insurance Exam Review | Questions and Verified Answers | 100% Correct
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Course
AINS 102
Institution
AINS 102
AINS 102 (Latest 2024 / 2025 Update) Understanding Personal Insurance Exam Review | Questions and Verified Answers | 100% Correct
Question:
Telematics devices track driving habits and then
Select one:
A. Divide auto insurance applicants into homogeneous classes.
B. Classify each insured ...
AINS 102 (Latest
Update) Understanding Personal
Insurance Exam Review | Questions
and Verified Answers | 100% Correct
Question:
Telematics devices track driving habits and then
Select one:
A. Divide auto insurance applicants into homogeneous classes.
B. Classify each insured auto for its principal use.
C. Perform sophisticated modeling techniques to make that information
relevant.
D. Transmit that information wirelessly to a computer.
Answer:
D. Transmit that information wirelessly to a computer.
Question:
The Transportation Network Driver Coverage (No Passenger) endorsement
Select one:
A. Provides coverage when the insured is logged into a transportation
network platform until the driver accepts a passenger's request.
,B. Specifies that coverage does not apply to Part C—Uninsured Motorists
Coverage.
C. Adds a transportation network platform definition.
D. Provides coverage without passengers while the driver is logged into a
transportation network platform.
Answer:
D. Provides coverage without passengers while the driver is logged into a
transportation network platform.
Question:
Applications and questionnaires for personal liability insurance should be
carefully evaluated to look for issues that can increase potential loss
frequency and severity, such as
Select one:
A. Stairways in good repair and free of obstructions.
B. Poor housekeeping and maintenance of premises or an unfenced pool.
C. The removal of dead trees and bicycles stored in a garage.
D. Swimming pools surrounded by fences and well-lit porches.
Answer:
B. Poor housekeeping and maintenance of premises or an unfenced pool.
,Question:
Because they interview the applicant first, see the property or operations to be
insured, and evaluate the loss exposures, the most important primary source
of information for the underwriters is the
Select one:
A. Producers.
B. Property-valuation guide supplier.
C. Financial and credit-reporting service.
D. Risk control representative.
Answer:
A. Producers.
Question:
As an insurance agent, Lucy uses various ways to keep in touch with
customers. Based on her experience, she knows that this will help improve
customer retention. Which one of the following would be considered cross-
selling?
Select one:
A. Sending out "Getting to Know You" surveys
B. Offering to quote other lines of coverage
C. Sending e-newsletters explaining loss exposures
D. Completing an annual policy review
Answer:
B. Offering to quote other lines of coverage
, Question:
Which one of the following is a way in which cross-selling benefits
customers?
Select one:
A. Reduction of coverage gaps
B. Improved retention
C. Lower costs
D. Increased profitability
Answer:
A. Reduction of coverage gaps
Question:
William was conducting a training session for new claims representatives at
Stanton Insurance. He reminded the claims representatives that in the
aftermath of a loss, an insured is often shaken, upset, or possibly injured. He
told them that it is the claims representative's responsibility to help Stanton
Insurance fulfill its contractual promise by handling claims in a way that
promotes peace of mind for the insured and
Select one:
A. Minimizes complaints to the state insurance department.
B. Improves the claimant's financial position.
C. Maximizes profits for the insurer.
D. Quickly restores claimants to their pre-loss condition.
Answer:
D. Quickly restores claimants to their pre-loss condition.
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