Ains 101 exam actual 2024 - Study guides, Class notes & Summaries

AINS 101 ACTUAL EXAM 2024 WITH 370 REAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS (100% CORRECT ANSWERS) (NEWEST!!) Jimmy decided to buy a house in his neighborhood that had been foreclosed on by the bank that held the mortgage. He is hoping to do some renovation and repair work on the house, and then sell it for a quick profit. What type of risk is this? - ANSWER-Speculative Risk Which one of the following best describes the concept of pooling? A. The financial consequences of unan...

AINS 101 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) AGRADE 2024 ACTUAL EXAM

AINS 101 ACTUAL EXAM 200+ QUESTIONS AND CORRECT VERIFIED ANSWERS A GRADE 2024

AINS 101 SIMULATED EXAM ( ACTUAL EXAM) WITH CORRECT 100 QUESTIONS AND ANSWERS LATEST 2023 – 2024 GOOD SCORE IS GUARANTEED ALREADY GRADED A+

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 LATEST 2024 EXAM QUESTIONS AND ANSWERS ALL CORRECT (ALREADY GRADED A+) Which of the following statements is correct regarding the interaction between risk control and other insurer functions - Answer Risk control personnel can assist underwriters in modifying a new applicant's loss exposures to meet eligibility requirements. 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 ...

AINS 101 ACTUAL EXAM WITH CORRECT 112 QUESTIONS AND ANSWERS LATEST 2024 GOOD SCORE IS GUARANTEED WELL GRADED A+

Actual cash value (ACV) ️ The cost to replace property with new property of like kind and quality less depreciation. Adverse selection ️ 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 ️ A temporary written or oral agreement to provide insurance coverage until a formal written policy is issued. Book of business ️ A group of policies with a common c...

Exclusive agency is contracted to sell insurance for one insurer or group of insurers ️ The difference between an independent agency and an exclusive agency is that an Insurance shortages ️ Destructive competition in the insurance industry could result in Veronica directly contacts Maria for guidance on how to report a stolen car, Maria provides that, and claims rep Sean takes over after an introduction from Maria ️ Maria is a new producer who wears many hats when forming relations...