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AINS 21 QUESTIONS AND ANSWERS
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AINS 21 |349 practice exam Questions with 100% correct answers | verified
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when selecting a distribution channel, which one of the following is important consideration with regard to customer needs and characteristics - ️️ Which of the following statements is correct regarding characteristics of ideally insurable loss exposures - ️️ideally, loss exposures should...
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Add to cartwhen selecting a distribution channel, which one of the following is important consideration with regard to customer needs and characteristics - ️️ Which of the following statements is correct regarding characteristics of ideally insurable loss exposures - ️️ideally, loss exposures should...
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AINS 21|164 Questions and Answers with complete solution
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What is insurance? - ️️It's a transfer system, business, and contract. What is a transfer system in insurance? - ️️One party (the insured), transfers the risk of financial loss to another party (the insurer). [Essentially, I'm giving the risk of financial loss to someone else so that I ...
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Add to cartWhat is insurance? - ️️It's a transfer system, business, and contract. What is a transfer system in insurance? - ️️One party (the insured), transfers the risk of financial loss to another party (the insurer). [Essentially, I'm giving the risk of financial loss to someone else so that I ...
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AINS 21 - Segment A 137 |Questions with 100% Correct Answers | Verified | Latest Update
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From a risk management viewpoint, insurance is used to A. Prevent the cost of losses B. Reduce the cost of losses C. Transfer the cost of losses D. Isolate the cost of losses. - ️️C. Transfer the cost of losses. A loss exposure is: A. Any condition that presents the possibility of a loss...
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Add to cartFrom a risk management viewpoint, insurance is used to A. Prevent the cost of losses B. Reduce the cost of losses C. Transfer the cost of losses D. Isolate the cost of losses. - ️️C. Transfer the cost of losses. A loss exposure is: A. Any condition that presents the possibility of a loss...
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AINS 21 - Segment B 193 Questions and Answers with complete solution
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When an insurance company appoints an insurance agent to serve as its representative, what specifies the scope of authority given to the agent in this relationship? A. A unilateral contract B. Binding authority C. An agency contract D. Implied authority - ️️C. An agency contract Which one...
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Add to cartWhen an insurance company appoints an insurance agent to serve as its representative, what specifies the scope of authority given to the agent in this relationship? A. A unilateral contract B. Binding authority C. An agency contract D. Implied authority - ️️C. An agency contract Which one...
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AINS 21 Segment B (Chapters 4-6)|315 Questions and Answers with complete solution
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claim - ️️a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant - ️️anyone who submits a claim to an insurer first party - ️️the insured in an insurance contract third party - ️️a person or business...
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Add to cartclaim - ️️a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant - ️️anyone who submits a claim to an insurer first party - ️️the insured in an insurance contract third party - ️️a person or business...
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Chapter 4 AINS 21|113 Questions with 100% correct answers | verified
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Actual authority - ️️Authority (express or implied) conferred by the principal on an agent under an agency contract. Agency - ️️A legal, consensual relationship that exists when one party, the agent, acts on behalf of another party, the principal. Agency expiration list - ️️The rec...
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Add to cartActual authority - ️️Authority (express or implied) conferred by the principal on an agent under an agency contract. Agency - ️️A legal, consensual relationship that exists when one party, the agent, acts on behalf of another party, the principal. Agency expiration list - ️️The rec...
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