AINS 101 Exam Questions and Answers
– Updated
Which one of the following best explains why producers should be alert to changes in clients'
loss exposures?
A. Implemented risk management techniques may prove to be ineffective or become obsolete.
B. Knowledge of such changes will inform their...
D. Determining coverage quotes - Answer✔✔-D. Determining coverage quotes
Michael is a commercial lines underwriter. He received a risk control report on a new business
that he had recently written with Laura, one of his producers. After reviewing the report,
Michael contacted Laura to let her know that they needed to process a policy change request
adding a new classification and some exposures to the general liability policy. These activities
are occurring during which one of the following steps of the underwriting process?
Select one:
A. Determine an appropriate premium
B. Issue required documents
C. Monitor the underwriting decision
D. Evaluate the application - Answer✔✔-C. Monitor the underwriting decision
Earned premiums are the portion of written premiums that
Select one:
A. Apply to the part of the policy period that has already occurred.
B. Apply to the part of the policy period that follows a loss.
C. Are billed at the beginning of the policy period.
D. Are available to generate investment income. - Answer✔✔-A. Apply to the part of the policy
period that has already occurred
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