Ains 101 exam study guide - Study guides, Class notes & Summaries

AINS 101 Exam Prep Study Guide Solutions Loss exposure - ANSWER-any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium - ANSWER-the price of the insurance coverage provided for a specified period Indemnify - ANSWER-to restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured - ANSWER-any person or organization who is insured under an insurance policy Property-casualty insu...