Ains 101 exam - Study guides, Class notes & Summaries

AINS 101 Exam Prep; Questions and Answers 100% Solved Loss exposure Correct answer any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium Correct answer the price of the insurance coverage provided for a specified period Indemnify Correct answer to restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured Correct answer any person or organization who is insured under a...

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 EXAM | ASSOCIATE IN INSURANCE STUDY QUESTIONS AND CORRECT ANSWERS | UPDATED 2024/2025 AINS 101 EXAM | ASSOCIATE IN INSURANCE STUDY QUESTIONS AND CORRECT ANSWERS | UPDATED 2024/2025

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 EXAM 2024 QUESTIONS AND DETAILED ANSWERS VERIFIED BY EXPERTS FREQUENTLY TESTED QUESTIONS A GRADED ACCURATE ACTUAL EXAM GUARANTEED PASS LATEST UPDATE 2024

AINS 101 Exam; Questions and Answers 100% Solved Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the Correct answer Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a Correct answer Contr...

AINS 101 EXAM QUESTIONS WITH ALL CORRECT ANSWERS Sports, Inc. is looking to obtain a commercial property policy on its building for $400,000. If their insurer decides to charge them a rate of $0.50 per $100 of building insurance, what premium must Sports, Inc. pay? Select one: A. $1,000 B. $2,000 C. $4,000 D. $8,000 - Answer B. $2,000 Erin has recently graduated from college and relocated to Chicago. She has purchased a car and rented an apartment and now needs to purchase insurance...

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 industry encompassing numer...

AINS 101 EXAM 2024 Latest Update Actual Exam with 100 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor

AINS 101 Exam Questions & Answers | 100% Correct Answers | Verified | Latest 2024 Version