AINS 101 ACTUAL EXAM | COMPLETE QUESTIONS WITH 100%
RATED EXPERT SOLUTIONS |2026 LATEST UPDATED
Because insurance contracts impose an obligation for ethical practices and behaviors on the
parties while dealing with one another, an insurance contract is called a
Select one:
A. Contract of utmost good faith.
B. Conditional contract.
C. Contract of adhesion.
D. Contract of indemnity. - (answer)A. Contract of utmost good faith.
Sota's Superstore has recently become an insured of Keithly Insurance Company. Kaito,
Keithly's premium auditor, is being sent to conduct an advance audit. Which one of the following
tasks will Kaito do to assist underwriting?
Select one:
A. Confirm the inventory values
B. Conduct initial loss control evaluation
C. Collect the premium
D. Classify the various exposures - (answer)D. Classify the various exposures
,Joe and Helene are married with two teenage children and two dogs. They own three cars and a
large house with a swimming pool in the back yard. Their insurance agent advised them that the
pool, teenage drivers, and dogs put them at risk for large liability losses. Which one of the
following personal property-casualty insurance policies would provide them with protection for
their high potential for large liability losses?
Select one:
A. Personal auto
B. Personal umbrella
C. Homeowners
D. Health insurance - (answer)B. Personal umbrella
Maria is a new producer who wears many hats when forming relationships and then serving her
established customers. In this capacity, which one of the following scenarios most accurately
describes her ongoing work wearing the hat of "claims handler"?
Select one:
A. Customer Roland directly contacts Maria and she assumes full responsibility for his claim as
she was the first insurance employee to receive the claims information.
B. Juanita directly contacts Maria who sold her a policy to adjust her homeowners claim; Maria
nicely explains she has no further responsibilities after making the sale.
, C. 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.
D. Alex directly contacts Maria after a hailstorm damages his new car the day after he bought a
policy from her, and she handles the claim as he is a brand new cust - (answer)C. 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.
Martina, a premium auditor for Cintriell Insurance Company is conducting a premium audit for
Carolina's Cookies. Carolina mentioned to Martina that she is opening a coffee shop at another
location. By sharing this information, Martina would provide a contribution to which one of the
following insurer functions?
Select one:
A. Accounting
B. Risk Control
C. Claims
D. Underwriting - (answer)D. Underwriting
John's two-year-old bicycle was stolen. The bicycle's purchase price was $700, its current
replacement cost is $800, and depreciation was estimated at $450. What was the bicycle's actual
cash value?
RATED EXPERT SOLUTIONS |2026 LATEST UPDATED
Because insurance contracts impose an obligation for ethical practices and behaviors on the
parties while dealing with one another, an insurance contract is called a
Select one:
A. Contract of utmost good faith.
B. Conditional contract.
C. Contract of adhesion.
D. Contract of indemnity. - (answer)A. Contract of utmost good faith.
Sota's Superstore has recently become an insured of Keithly Insurance Company. Kaito,
Keithly's premium auditor, is being sent to conduct an advance audit. Which one of the following
tasks will Kaito do to assist underwriting?
Select one:
A. Confirm the inventory values
B. Conduct initial loss control evaluation
C. Collect the premium
D. Classify the various exposures - (answer)D. Classify the various exposures
,Joe and Helene are married with two teenage children and two dogs. They own three cars and a
large house with a swimming pool in the back yard. Their insurance agent advised them that the
pool, teenage drivers, and dogs put them at risk for large liability losses. Which one of the
following personal property-casualty insurance policies would provide them with protection for
their high potential for large liability losses?
Select one:
A. Personal auto
B. Personal umbrella
C. Homeowners
D. Health insurance - (answer)B. Personal umbrella
Maria is a new producer who wears many hats when forming relationships and then serving her
established customers. In this capacity, which one of the following scenarios most accurately
describes her ongoing work wearing the hat of "claims handler"?
Select one:
A. Customer Roland directly contacts Maria and she assumes full responsibility for his claim as
she was the first insurance employee to receive the claims information.
B. Juanita directly contacts Maria who sold her a policy to adjust her homeowners claim; Maria
nicely explains she has no further responsibilities after making the sale.
, C. 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.
D. Alex directly contacts Maria after a hailstorm damages his new car the day after he bought a
policy from her, and she handles the claim as he is a brand new cust - (answer)C. 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.
Martina, a premium auditor for Cintriell Insurance Company is conducting a premium audit for
Carolina's Cookies. Carolina mentioned to Martina that she is opening a coffee shop at another
location. By sharing this information, Martina would provide a contribution to which one of the
following insurer functions?
Select one:
A. Accounting
B. Risk Control
C. Claims
D. Underwriting - (answer)D. Underwriting
John's two-year-old bicycle was stolen. The bicycle's purchase price was $700, its current
replacement cost is $800, and depreciation was estimated at $450. What was the bicycle's actual
cash value?
