AINS 102 Test , Most Recent Exam 2026 Actual Complete Real
Exam Questions With Correct Answers ( Verified Answers)
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Marcia and Harold Regan are speaking with their agent Jose
about their current coverages and anticipated needs for the
future. Harold wants to learn more about the costs and details
of a personal umbrella policy. The primary reason for Jose
selling a personal umbrella policy to Marcia and Harold is to
provide Select one:
A. Worldwide coverage.
B. Broad coverage with no exclusions.
C. High liability coverage limits.
D. High property coverage limits. - ANSWER-C. High liability
coverage limits.
Personal umbrella policies usually cover the insured's liability
for personal injury. Under the Personal Umbrella Liability
Policy, which one of the following is included under the
definition of personal injury?
Select one:
A. Malicious prosecution
B. Assault and battery intentionally committed
C. Workers compensation
D. Bodily harm - ANSWER-A. Malicious prosecution
,Alex and his marketing team are evaluating various new
insurance platforms to provide research to serve their
customers better. Which one of the following best describes
what the team has accurately discovered?
Select one:
A. These platforms' differentiation is providing a specialized,
tech-driven, and individual customer response.
B. Providing smart devices to insured homeowners will not
prevent losses, but rather lower claim payments.
C. Tech-driven insurance platforms offer very different types
of property insurance than traditional insurers.
D. Startups do best when they quickly break into a new
market and exclusively focus on established customers. -
ANSWER-A. These platforms' differentiation is providing a
specialized, tech-driven, and individual customer response.
Christina and Carlos Thomas have decided to place their auto
insurance needs with the Windspring Group, a type of
insurance arrangement called peer-to-peer insurance. Which
one of the following will the Thomas family experience with this
situation?
Select one:
A. The Thomas' peer-to-peer group began on a local level
and now has proven it can easily and quickly achieve a
countrywide presence.
B. Peer-to-peer insurance offers the novel insurance
approaches of selfselection of pool members and how to
manage excess funds.
,C. Because of the consistent and reliable pool of funds,
reinsurance will not usually be needed for this type of
insurance.
D. Because of the limited but consistent growth of peer-to-
peer insurance, a majority of states have approved the diverse
regulatory requirements. - ANSWER-B. Peer-to-peer insurance
offers the novel insurance approaches of self-selection of pool
members and how to manage excess funds.
A company that uses a mobile application or website to
connect riders with drivers and arrange transportation in a
personal auto for a fee is called a Select one:
A. Limited transportation network.
B. Transportation network company.
C. Livery conveyance.
D. Personal auto company. - ANSWER-B. Transportation
network company.
Which one of the following is correct regarding the
Transportation Network
Driver Coverage (No Passenger) endorsement and the Limited
Transportation Network Driver Coverage (No Passenger)
Endorsement to the personal auto policy?
Select one:
A. They both provide coverage until a passenger enters the
vehicle.
B. They both exclude coverage when a passenger is occupying
the vehicle.
, C. They both provide the same coverage, but one requires more
premium.
D. They both end coverage when an insured accepts a
passenger's request. - ANSWER-B. They both exclude
coverage when a passenger is occupying the vehicle.
Erin makes custom draperies in the basement of her home.
Initially, she made these draperies for herself and family
members, but she began to sell these draperies to a broader
audience. Which one of the following exposures would likely be
covered under an unendorsed homeowners policy should
Erin's home be destroyed by a covered peril?
Select one:
A. The loss of customer data Erin stored on her computer
B. The loss of income from drapery sales while the home is
rebuilt
C. The cost to replace her sewing equipment
D. The cost of materials purchased to aid in increasing sales -
ANSWER-C. The cost to replace her sewing equipment
Which one of the following changes the definition of
"business" in the
homeowners policy to include
home-sharing?
Select
one:
A. Damage to Property of Others—Increased Limits
endorsement
Exam Questions With Correct Answers ( Verified Answers)
Already Graded A+ | Guaranteed Success!! | Newest Exam
| Just Released!!
Marcia and Harold Regan are speaking with their agent Jose
about their current coverages and anticipated needs for the
future. Harold wants to learn more about the costs and details
of a personal umbrella policy. The primary reason for Jose
selling a personal umbrella policy to Marcia and Harold is to
provide Select one:
A. Worldwide coverage.
B. Broad coverage with no exclusions.
C. High liability coverage limits.
D. High property coverage limits. - ANSWER-C. High liability
coverage limits.
Personal umbrella policies usually cover the insured's liability
for personal injury. Under the Personal Umbrella Liability
Policy, which one of the following is included under the
definition of personal injury?
Select one:
A. Malicious prosecution
B. Assault and battery intentionally committed
C. Workers compensation
D. Bodily harm - ANSWER-A. Malicious prosecution
,Alex and his marketing team are evaluating various new
insurance platforms to provide research to serve their
customers better. Which one of the following best describes
what the team has accurately discovered?
Select one:
A. These platforms' differentiation is providing a specialized,
tech-driven, and individual customer response.
B. Providing smart devices to insured homeowners will not
prevent losses, but rather lower claim payments.
C. Tech-driven insurance platforms offer very different types
of property insurance than traditional insurers.
D. Startups do best when they quickly break into a new
market and exclusively focus on established customers. -
ANSWER-A. These platforms' differentiation is providing a
specialized, tech-driven, and individual customer response.
Christina and Carlos Thomas have decided to place their auto
insurance needs with the Windspring Group, a type of
insurance arrangement called peer-to-peer insurance. Which
one of the following will the Thomas family experience with this
situation?
Select one:
A. The Thomas' peer-to-peer group began on a local level
and now has proven it can easily and quickly achieve a
countrywide presence.
B. Peer-to-peer insurance offers the novel insurance
approaches of selfselection of pool members and how to
manage excess funds.
,C. Because of the consistent and reliable pool of funds,
reinsurance will not usually be needed for this type of
insurance.
D. Because of the limited but consistent growth of peer-to-
peer insurance, a majority of states have approved the diverse
regulatory requirements. - ANSWER-B. Peer-to-peer insurance
offers the novel insurance approaches of self-selection of pool
members and how to manage excess funds.
A company that uses a mobile application or website to
connect riders with drivers and arrange transportation in a
personal auto for a fee is called a Select one:
A. Limited transportation network.
B. Transportation network company.
C. Livery conveyance.
D. Personal auto company. - ANSWER-B. Transportation
network company.
Which one of the following is correct regarding the
Transportation Network
Driver Coverage (No Passenger) endorsement and the Limited
Transportation Network Driver Coverage (No Passenger)
Endorsement to the personal auto policy?
Select one:
A. They both provide coverage until a passenger enters the
vehicle.
B. They both exclude coverage when a passenger is occupying
the vehicle.
, C. They both provide the same coverage, but one requires more
premium.
D. They both end coverage when an insured accepts a
passenger's request. - ANSWER-B. They both exclude
coverage when a passenger is occupying the vehicle.
Erin makes custom draperies in the basement of her home.
Initially, she made these draperies for herself and family
members, but she began to sell these draperies to a broader
audience. Which one of the following exposures would likely be
covered under an unendorsed homeowners policy should
Erin's home be destroyed by a covered peril?
Select one:
A. The loss of customer data Erin stored on her computer
B. The loss of income from drapery sales while the home is
rebuilt
C. The cost to replace her sewing equipment
D. The cost of materials purchased to aid in increasing sales -
ANSWER-C. The cost to replace her sewing equipment
Which one of the following changes the definition of
"business" in the
homeowners policy to include
home-sharing?
Select
one:
A. Damage to Property of Others—Increased Limits
endorsement
