Ains 101 exam - Study guides, Class notes & Summaries

AINS 101 Exam Prep Questions and Answers 100% Pass 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 t...

AINS 101 EXAM QUESTIONS AND CORRECT ANSWERS (ALREADY GRADED A+) Which one of the following is part of written premiums? - Answer- Unearned premiums Which one of the following is shown on the balance sheet of an insurer? - Answer- Cash and short-term investments Most of the income an insurer receives is either from underwriting or - Answer- Investments - 2 major sources of insurer income are the sale of insurance (underwriting) and the investment of funds (investment income) Clare is a ...

AINS 101 Exam Prep 378 Questions and Answers 2023.

AINS 101 Exam; Questions and Answers 100% Solved Risk Correct answer Which one of the following represents uncertainty about outcomes that can be negative or positive? Insureds share the cost of each other's losses. Correct answer Which one of the following best describes the concept of pooling? Personal property-casualty insurance policy. Correct answer A homeowners policy is a type of Select one: Commercial crime insurance. Correct answer Coverage for money and other business p...

AINS 101 EXAM QUESTIONS AND ANSWERS

AINS 101 Exam Prep Complete Questions and Answers with Verified Solutions | LATEST UPDATE 2024

AINS 101 Exam Prep; Questions and Answers 100% Solved 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 to pay...

AINS 101 EXAM NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ Which one of the following statements is correct regarding the interaction between risk control and other insurer functions? Select one: A. Risk control personnel can assist underwriters in modifying a new applicant's loss exposures to meet eligibility requirements. B. Risk control personnel are responsible for answering any complex questions that insureds have about p...

AINS 101 EXAM WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!!.

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 to pay only $100 of the $600 cost of replacing it. C. When her ...