Ains 101 complete - Study guides, Class notes & Summaries

AINS 101 Exam Prep with Complete Solutions 2024

AINS 101 NEWEST COMPLETE 2024 QUESTION WITH 100 % CORRECT ANSWERS | VERIFIED

AINS 101 Exam Prep|378 Questions with Complete Solutions

Loss exposure ️ any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium ️ the price of the insurance coverage provided for a specified period Indemnify ️ to restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured ️ any person or organization who is insured under an insurance policy Property-casualty insurance ️ one of the two main sectors of the insurance indus...

AINS 101 simulated exam Complete Questions and Answers 100% Correct | Update 2024

AINS 101: Practice Questions With Complete Accurate Answers 2024

AINS 101 Exam Prep with Complete and Certified Solutions 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 skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has t...

AINS 101 Practice Exam 2024 with Complete Solutions

AINS 101 COMPLETE QUESTIONS AND ANSWERS Actual cash value (ACV) - CORRECT ANSWER-The cost to replace property with new property of like kind and quality less depreciation. Adverse selection - CORRECT ANSWER-Insuring individuals with a high probability of loss at a cost lower than the insurer would normally charge for that risk because it wasn't aware of the actual risk involved. Binder - CORRECT ANSWER-A temporary written or oral agreement to provide insurance coverage until a ...

AINS 101 Practice Questions With Complete Solutions