AINS 102
A. $four,500 - ANS-Tricia Barton has a private automobile policy offering collision insurance
(with a $500 deductible) and apart from collision coverage (with a $250 deductible) on her
Chrysler sedan. Late one night time, Tricia became answerable for an accident in which she
bumped into an SUV and caused harm to both vehicles. She submitted a declare to her insurer
for the $five,000 invoice to repair her sedan. Assuming she had adequate limits and her insurer
agreed to pay the declare, what amount will her insurer pay below Part D—Damage to Your
Auto?
A. $4,500
B. $four,750
C. $five,000
D. $five,250
A. Antique Cars - ANS-The Miscellaneous Type Vehicle Endorsement covers all the following,
EXCEPT:
A. Antique Cars
B. Motorcycles
C. Golf carts
D. Motor Homes
A. Boat trailer - ANS-Which one of the following may be included for physical harm and liability
insurance by using a Personal Auto Policy (PAP)?
A. Boat trailer
B. Jet ski
C. Boat under 26 feet
D. Boat being transported through non-public auto
A. Data collected from sensors is used by insurers for customized pricing and claims dealing
with. - ANS-Which one of the following is actual concerning using technology in domestic risk
control?
A. Data accrued from sensors is utilized by insurers for personalised pricing and claims
managing.
B. Sensors are commonly regarded as useful in loss prevention, but no longer in loss reduction.
C. Smart gadgets inside the home have reaffirmed the need for present claims data to evaluate
chance.
D. Technology is more common, ample, and beneficial in homes than in automotive
environments.
,A. Determine whether insurance applies to the loss. - ANS-After an insurer recognizes a claim
from an insured and assigns the claim to a representative, the consultant needs to identify and
test the policy. Identifying the coverage calls for the claim representative to
A. Determine whether or not coverage applies to the loss.
B. Notify the agent that a loss has occurred.
C. Check for mistakes inside the declarations web page.
D. Make certain the policy is filed efficiently.
A. False arrest - ANS-Personal umbrella guidelines typically cover the insured's legal
responsibility for private injury. Under the Personal Umbrella Liability Policy, which one of the
following is protected underneath the definition of private damage?
A. False arrest
B. Assault and battery intentionally devoted
C. Professional liability
D. Abandonment
A. Framed images of Winona's grandchildren - ANS-Winona now has a photograph framing
business she conducts from her home, however has never amended her unendorsed house
owners coverage to reflect the business exposures. If her home had been broken or destroyed
with the aid of a blanketed cause of loss, which one of the following might be protected?
A. Framed pix of Winona's grandchildren
B. Boxes of frames for future jobs
C. Disks with statistics on contemporary customers
D. Framed pix waiting for patron pickup
A. It increases purchaser retention, which will increase profitability. - ANS-In an corporation or
brokerage, cross-promoting has which one of the following outcomes on long-term profitability?
A. It increases purchaser retention, which increases profitability.
B. It has no direct effect on profitability.
C. It increases acquisition prices, which reduces profitability.
D. It will increase loss exposures, which reduces profitability.
A. Loss of Use. - ANS-The HO-3 coverage Coverage D gives insurance for
A. Loss of Use.
B. Personal belongings.
C. The dwelling.
D. Other Structures.
A. Lost earnings - ANS-A circle of relatives rents its vacation domestic to others for numerous
months each 12 months. A fire brought on enormous harm to the house just before the
condominium season started twelve months, and the own family turned into not able to collect
any lease on the property until it was repaired. This incapability to acquire rent is an instance of
which one of the following consequences of loss?
A. Lost earnings
, B. Increased charges
C. Reduction in value of belongings
D. Special damages
A. No coverage - ANS-The Jordans personal a small ranch, and hold numerous ponies on the
assets for his or her private use. Mr. And Mrs. Jordan are involved that their kid's buddies and
touring relatives could be injured when riding the circle of relatives's ponies. What insurance
could the unendorsed DP-three coverage offer for this loss exposure?
A. No coverage
B. Full coverage, up to the coverage limits
C. Medical expenses simplest, up to $2,000
D. 20% of the Coverage A limit
A. Nonresidents of the insured's household. - ANS-The scientific bills insurance in a owners
policy covers sure clinical prices incurred through
A. Nonresidents of the insured's household.
B. A person uninvited to the insured's home.
C. Insureds.
D. Regular family residents apart from residence employees.
A. Participating Insurers write flood insurance the usage of National Flood Insurance Program
recommendations. - ANS-The "Write Your Own" (WYO) flood insurance software allows
A. Participating Insurers write flood insurance using National Flood Insurance Program tips.
B. Insureds to purchase flood coverage without an agent or representative.
C. Insureds to carry flood insurance no matter the belongings's place.
D. Insureds to tailor flood insurance to their personal specific needs.
A. Producers. - ANS-Because they interview the applicant first, see the property or operations to
be insured, and examine the loss exposures, the most vital number one source of records for
the underwriters is the
A. Producers.
B. Property-valuation guide provider.
C. Risk control consultant.
D. Financial and credit-reporting service.
A. Punitive damages. - ANS-SF Poultry discovered that some of individuals had grow to be sick
and hospitalized after eating bird from certainly one of its processing vegetation. The employer
did no longer endorse the public or its distributors of the trouble, and made no effort to bear in
mind the spoiled product. Over 50 individuals ended-up becoming sick from the spoiled chicken.
SF Poultry became located in charge in court. In addition to having to pay the medical and
health facility payments for the injured people, damages have been levied in opposition to SF
Poultry to punish the corporation for its reckless and deceitful actions. These damages that
were levied in opposition to SF Poultry are called
A. Punitive damages.
A. $four,500 - ANS-Tricia Barton has a private automobile policy offering collision insurance
(with a $500 deductible) and apart from collision coverage (with a $250 deductible) on her
Chrysler sedan. Late one night time, Tricia became answerable for an accident in which she
bumped into an SUV and caused harm to both vehicles. She submitted a declare to her insurer
for the $five,000 invoice to repair her sedan. Assuming she had adequate limits and her insurer
agreed to pay the declare, what amount will her insurer pay below Part D—Damage to Your
Auto?
A. $4,500
B. $four,750
C. $five,000
D. $five,250
A. Antique Cars - ANS-The Miscellaneous Type Vehicle Endorsement covers all the following,
EXCEPT:
A. Antique Cars
B. Motorcycles
C. Golf carts
D. Motor Homes
A. Boat trailer - ANS-Which one of the following may be included for physical harm and liability
insurance by using a Personal Auto Policy (PAP)?
A. Boat trailer
B. Jet ski
C. Boat under 26 feet
D. Boat being transported through non-public auto
A. Data collected from sensors is used by insurers for customized pricing and claims dealing
with. - ANS-Which one of the following is actual concerning using technology in domestic risk
control?
A. Data accrued from sensors is utilized by insurers for personalised pricing and claims
managing.
B. Sensors are commonly regarded as useful in loss prevention, but no longer in loss reduction.
C. Smart gadgets inside the home have reaffirmed the need for present claims data to evaluate
chance.
D. Technology is more common, ample, and beneficial in homes than in automotive
environments.
,A. Determine whether insurance applies to the loss. - ANS-After an insurer recognizes a claim
from an insured and assigns the claim to a representative, the consultant needs to identify and
test the policy. Identifying the coverage calls for the claim representative to
A. Determine whether or not coverage applies to the loss.
B. Notify the agent that a loss has occurred.
C. Check for mistakes inside the declarations web page.
D. Make certain the policy is filed efficiently.
A. False arrest - ANS-Personal umbrella guidelines typically cover the insured's legal
responsibility for private injury. Under the Personal Umbrella Liability Policy, which one of the
following is protected underneath the definition of private damage?
A. False arrest
B. Assault and battery intentionally devoted
C. Professional liability
D. Abandonment
A. Framed images of Winona's grandchildren - ANS-Winona now has a photograph framing
business she conducts from her home, however has never amended her unendorsed house
owners coverage to reflect the business exposures. If her home had been broken or destroyed
with the aid of a blanketed cause of loss, which one of the following might be protected?
A. Framed pix of Winona's grandchildren
B. Boxes of frames for future jobs
C. Disks with statistics on contemporary customers
D. Framed pix waiting for patron pickup
A. It increases purchaser retention, which will increase profitability. - ANS-In an corporation or
brokerage, cross-promoting has which one of the following outcomes on long-term profitability?
A. It increases purchaser retention, which increases profitability.
B. It has no direct effect on profitability.
C. It increases acquisition prices, which reduces profitability.
D. It will increase loss exposures, which reduces profitability.
A. Loss of Use. - ANS-The HO-3 coverage Coverage D gives insurance for
A. Loss of Use.
B. Personal belongings.
C. The dwelling.
D. Other Structures.
A. Lost earnings - ANS-A circle of relatives rents its vacation domestic to others for numerous
months each 12 months. A fire brought on enormous harm to the house just before the
condominium season started twelve months, and the own family turned into not able to collect
any lease on the property until it was repaired. This incapability to acquire rent is an instance of
which one of the following consequences of loss?
A. Lost earnings
, B. Increased charges
C. Reduction in value of belongings
D. Special damages
A. No coverage - ANS-The Jordans personal a small ranch, and hold numerous ponies on the
assets for his or her private use. Mr. And Mrs. Jordan are involved that their kid's buddies and
touring relatives could be injured when riding the circle of relatives's ponies. What insurance
could the unendorsed DP-three coverage offer for this loss exposure?
A. No coverage
B. Full coverage, up to the coverage limits
C. Medical expenses simplest, up to $2,000
D. 20% of the Coverage A limit
A. Nonresidents of the insured's household. - ANS-The scientific bills insurance in a owners
policy covers sure clinical prices incurred through
A. Nonresidents of the insured's household.
B. A person uninvited to the insured's home.
C. Insureds.
D. Regular family residents apart from residence employees.
A. Participating Insurers write flood insurance the usage of National Flood Insurance Program
recommendations. - ANS-The "Write Your Own" (WYO) flood insurance software allows
A. Participating Insurers write flood insurance using National Flood Insurance Program tips.
B. Insureds to purchase flood coverage without an agent or representative.
C. Insureds to carry flood insurance no matter the belongings's place.
D. Insureds to tailor flood insurance to their personal specific needs.
A. Producers. - ANS-Because they interview the applicant first, see the property or operations to
be insured, and examine the loss exposures, the most vital number one source of records for
the underwriters is the
A. Producers.
B. Property-valuation guide provider.
C. Risk control consultant.
D. Financial and credit-reporting service.
A. Punitive damages. - ANS-SF Poultry discovered that some of individuals had grow to be sick
and hospitalized after eating bird from certainly one of its processing vegetation. The employer
did no longer endorse the public or its distributors of the trouble, and made no effort to bear in
mind the spoiled product. Over 50 individuals ended-up becoming sick from the spoiled chicken.
SF Poultry became located in charge in court. In addition to having to pay the medical and
health facility payments for the injured people, damages have been levied in opposition to SF
Poultry to punish the corporation for its reckless and deceitful actions. These damages that
were levied in opposition to SF Poultry are called
A. Punitive damages.
