Ains 21 exam - Study guides, Class notes & Summaries

AINS 21 practice exam 347 Questions and Answers.

AINS 101 Exam Prep and AINS 21 Glossary AINS 21 EXAM 2024 – 2025 LATEST UPDATED 50 QUESTIONS WITH DETAILED ANSWERS

A firm of computer systems consultants would most likely purchase this type of coverage to protect them in the even that they provide incorrect advice that causes financial injury to a customer? - professional liability insurance - covers professionals for errors or omissions arising out of their professional practices Affordable - the insurance company is able to charge a feasible premium - one that the insured can afford to pay. Insurance companies seek to cover only loss exposures that a...

AINS 21 Exam Segment C Ch 7, 8, 9 With 100% Correct And Verified Answers

AINS 21 A Practice Exam | 114 Actual Questions and Answers 100% Correct | Updated 2024

AINS 21 Practice Quiz Test Exam Questions with Verified Answers 1: What does AINS stand for in the context of insurance education? - correct answer - Associate in General Insurance. 2: What is the primary purpose of insurance? - correct answer - To transfer risk from an individual or business to an insurance company. 3: What is a premium in insurance terms? - correct answer - The amount of money an insured pays to an insurer for coverage.

What is insurance? Correct Answer It's a transfer system, business, and contract. What is a transfer system in insurance? Correct Answer One party (the insured), transfers the risk of financial loss to another party (the insurer). [Essentially, I'm giving the risk of financial loss to someone else so that I can keep my financial standing.] What are covered losses? Correct Answer These are costs that insurers pay for and are in the contract that both parties agree to in the beginning (win...

AINS 21 practice exam Questions with 100% Correct Answers | Verified | Updated 2024

AINS 21 Exam Property & Liability Insurance Principles With 100% Correct And Verified Answers