AINS 22 FINAL EXAM STUDY GUIDE
2026/2027 ACCURATE QUESTIONS
WITH CORRECT DETAILED ANSWERS
|| 100% GUARANTEED PASS
<NEWEST VERSION>
1. Which one of the following reduced intensive development in repeatedly
flooded areas to help restore the natural functions of floodplains, such as
wildlife biodiversity and wetlands that absorb flood waters?
A. Emergency Program
B. National Flood Insurance Act of 1968
C. Regular Program
D. Flood Insurance Reform Act of 2004 - ANSWER ✔ D. Flood
Insurance Reform Act of 2004
2. The HO-5 policy is designed to meet the risk management needs of
Select one:
A. Owner-occupants of dwellings who may not meet insurer
underwriting standards required for other policy forms.
B. Owner-occupants of dwellings who would like the broadest coverage
available among ISO's forms for their property.
C. Tenants of apartments or dwellings.
D. Owners of condominium units. - ANSWER ✔ B. Owner-occupants of
dwellings who would like the broadest coverage available among
ISO's forms for their property.
,3. Scheduled Personal Property Endorsement provides scheduled coverage for
specific items, which include all of the following, EXCEPT:
A. Jewelry
B. Musical instruments
C. Rare coins
D. Vintage autos - ANSWER ✔ D. Vintage autos
4. Personal injuries are defined in the Personal Injury endorsement as injuries
arising out of any of the following, EXCEPT:
A. False arrest, detention or imprisonment
B. Malicious prosecution
C. Invasion of privacy, wrongful eviction, or wrongful entry
D. Publication, in any manner, of material that violates a corporations
right to services - ANSWER ✔ D. Publication, in any manner, of
material that violates a corporations right to services
5. If an insurer determines that a fire loss and a burglary loss that appear to
have occurred at the same time to an insured's home are actually separate
events, how are deductibles handled under a DP-3 dwelling policy?
A. The insured would have to pay one deductible before the insurer pays
both losses
B. The insured would have to pay two deductibles before the insurer
pays both losses
C. The insured would pay one 20 percent of the total of the 2 deductibles
before the insurer pays both losses
D. No deductible would apply - ANSWER ✔ B. The insured would have
to pay two deductibles before the insurer pays both losses
6. Jack insures his house with an unendorsed HO-3—Special Form (HO-3)
with a Coverage A—Dwelling limit of $250,000, which is the replacement
cost of the house. A thief breaks into the house while Jack is on vacation and
steals his gun collection valued at $7,500. Ignoring any deductible that may
, apply, how much, if any, will Jack's HO-3 insurer pay for the loss to the
guns?
Choose one answer.
A. $0
B. $1,500
C. $2,500
D. $7,500 - ANSWER ✔ C. $2500 for guns
7. A statement of facts about a loss for which the insured is making a claim is
known as a
Choose one answer.
A. Fact sheet.
B. Proof of loss.
C. Deposition.
D. Appraisal. - ANSWER ✔ B. Proof of Loss
8. In addition to general duties under a Personal Auto Policy (PAP), a person
seeking coverage under Part D—Coverage for Damage to Your Auto must
, perform additional duties. Which one of the following is one of these
additional duties?
Choose one answer.
A. Promptly notify police if a hit-and-run driver was involved in the
accident
B. Submit to a physical examination conducted by a doctor chosen by the
insurer
C. Submit a proof of loss when required by the insurer
D. Promptly notify police if a covered auto is stolen - ANSWER ✔ In
addition to general duties under a Personal Auto Policy (PAP), a
person seeking coverage under Part D—Coverage for Damage to
Your Auto must promptly notify police if a covered auto is stolen.
This may increase the possibility that the vehicle will be recovered.
9. According to Part D—Coverage for Damage to Your Auto of a Personal
Auto Policy (PAP), the insurer's limit of liability for a physical damage loss
to a covered auto is
Choose one answer.
A. The "blue book" value of the vehicle, taking into consideration the
odometer reading and the vehicle condition.
B. The estimated value as established by at least two auto appraisers.
C. The lower of the cost to repair the vehicle or the total loss value.
2026/2027 ACCURATE QUESTIONS
WITH CORRECT DETAILED ANSWERS
|| 100% GUARANTEED PASS
<NEWEST VERSION>
1. Which one of the following reduced intensive development in repeatedly
flooded areas to help restore the natural functions of floodplains, such as
wildlife biodiversity and wetlands that absorb flood waters?
A. Emergency Program
B. National Flood Insurance Act of 1968
C. Regular Program
D. Flood Insurance Reform Act of 2004 - ANSWER ✔ D. Flood
Insurance Reform Act of 2004
2. The HO-5 policy is designed to meet the risk management needs of
Select one:
A. Owner-occupants of dwellings who may not meet insurer
underwriting standards required for other policy forms.
B. Owner-occupants of dwellings who would like the broadest coverage
available among ISO's forms for their property.
C. Tenants of apartments or dwellings.
D. Owners of condominium units. - ANSWER ✔ B. Owner-occupants of
dwellings who would like the broadest coverage available among
ISO's forms for their property.
,3. Scheduled Personal Property Endorsement provides scheduled coverage for
specific items, which include all of the following, EXCEPT:
A. Jewelry
B. Musical instruments
C. Rare coins
D. Vintage autos - ANSWER ✔ D. Vintage autos
4. Personal injuries are defined in the Personal Injury endorsement as injuries
arising out of any of the following, EXCEPT:
A. False arrest, detention or imprisonment
B. Malicious prosecution
C. Invasion of privacy, wrongful eviction, or wrongful entry
D. Publication, in any manner, of material that violates a corporations
right to services - ANSWER ✔ D. Publication, in any manner, of
material that violates a corporations right to services
5. If an insurer determines that a fire loss and a burglary loss that appear to
have occurred at the same time to an insured's home are actually separate
events, how are deductibles handled under a DP-3 dwelling policy?
A. The insured would have to pay one deductible before the insurer pays
both losses
B. The insured would have to pay two deductibles before the insurer
pays both losses
C. The insured would pay one 20 percent of the total of the 2 deductibles
before the insurer pays both losses
D. No deductible would apply - ANSWER ✔ B. The insured would have
to pay two deductibles before the insurer pays both losses
6. Jack insures his house with an unendorsed HO-3—Special Form (HO-3)
with a Coverage A—Dwelling limit of $250,000, which is the replacement
cost of the house. A thief breaks into the house while Jack is on vacation and
steals his gun collection valued at $7,500. Ignoring any deductible that may
, apply, how much, if any, will Jack's HO-3 insurer pay for the loss to the
guns?
Choose one answer.
A. $0
B. $1,500
C. $2,500
D. $7,500 - ANSWER ✔ C. $2500 for guns
7. A statement of facts about a loss for which the insured is making a claim is
known as a
Choose one answer.
A. Fact sheet.
B. Proof of loss.
C. Deposition.
D. Appraisal. - ANSWER ✔ B. Proof of Loss
8. In addition to general duties under a Personal Auto Policy (PAP), a person
seeking coverage under Part D—Coverage for Damage to Your Auto must
, perform additional duties. Which one of the following is one of these
additional duties?
Choose one answer.
A. Promptly notify police if a hit-and-run driver was involved in the
accident
B. Submit to a physical examination conducted by a doctor chosen by the
insurer
C. Submit a proof of loss when required by the insurer
D. Promptly notify police if a covered auto is stolen - ANSWER ✔ In
addition to general duties under a Personal Auto Policy (PAP), a
person seeking coverage under Part D—Coverage for Damage to
Your Auto must promptly notify police if a covered auto is stolen.
This may increase the possibility that the vehicle will be recovered.
9. According to Part D—Coverage for Damage to Your Auto of a Personal
Auto Policy (PAP), the insurer's limit of liability for a physical damage loss
to a covered auto is
Choose one answer.
A. The "blue book" value of the vehicle, taking into consideration the
odometer reading and the vehicle condition.
B. The estimated value as established by at least two auto appraisers.
C. The lower of the cost to repair the vehicle or the total loss value.
