AINS 101 | 50

AINS 101 | 50 Question with 100 % correct answers | Verified Latest 2024 Graded A+ Which one of the following best explains why producers should be alert to changes in clients' loss exposures? A. Implemented risk management techniques may prove to be ineffective or become obsolete. B. Knowledge of such changes will inform their efforts to create a list of experts that can be called to assist. C. Producers can aid clients in developing risk management cost allocation plans. D. Producers have expertise about risk financing through insurance. - A. Implemented risk management techniques may prove to be ineffective or become obsolete. The processing of almost every claim involves which one of the following activities? A. Engaging an accident scene reconstruction specialist B. Determining the amount of damages or extent of loss C. Subrogating D. Salvaging - B. Determining the amount of damages or extent of loss 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"? 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. 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 customer. D. 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. 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. Jessie is a new customer service representative (CSR) at the Winfield Agency. Jessie usually engages in all the following activities, EXCEPT: Select one: A. Answering billing inquiries B. Explaining coverage C. Reporting new claims D. Determining coverage quotes - D. Determining coverage quotes Michael is a commercial lines underwriter. He received a risk control report on a new business that he had recently written with Laura, one of his producers. After reviewing the report, Michael contacted Laura to let her know that they needed to process a policy change request adding a new classification and some exposures to the general liability policy. These activities are occurring during which one of the following steps of the underwriting process? Select one: A. Determine an appropriate premium B. Issue required documents C. Monitor the underwriting decision D. Evaluate the application - C. Monitor the underwriting decision