AINS 101 Exam Solved Correctly To Score A+ 2026
1. The two main sectors of the insurance industry are Property-casualty insurance and
life-health insurance.
2. Because insurance contracts impose an obligation Contract of utmost good faith.
for ethical practices and behaviors on the parties
while dealing with one another, an insurance con-
tract is called a
3. Earned premiums are shown on an insurer's in- Revenues
come statement because they are
4. Destructive competition in the insurance industry Insurance Shortages
could result in
5. Sean was driving and caused an injury to a pedes- Insured and claimant and claims
trian named Wilbur. In the context of the resulting representative
claim made to Sean's insurance company and as-
signed to Andrea in the claims department, Sean
and Wilbur and Andrea are, respectively
6. Which one of these is most directly associated with Leads and referrals that can be
a satisfied customer? used to generate new business
7. When conducting an advance audit, which of Classify the various exposures
these tasks are performed to assist underwriting?
8. Because the insurance company usually deter- Contract of adhesion
mines policy wording and the insured has little
choice but to "take it or leave it," an insurance
contract is a
9. Smart products used to perform repetitive tasks Robots
10.
, AINS 101 Exam Solved Correctly To Score A+ 2026
What is the correct order for these steps in the Identifying the policy, calculating
claims process? Calculating a loss reserve, prepar- a loss reserve, determining the
ing a loss statement, identifying the policy, deter- cause of loss, preparing a loss
mining the cause of loss statement
11. What is another name for a field underwriter? Line Underwriter
12. Someone has the following duties: evaluate appli- Field/Line Underwriter
cants that producers submit, present policy quo-
tations, process policy endorsements, help ex-
plain coverages, make coverage recommenda-
tions. What is their role?
13. In personal property-casualty insurance, which is Pre-printed policies
more common: manuscript forms or pre-printed
policies?
14. Which statement is true? A policy begins with a coverage
overview, then goes into more
coverage details
15. Which of these is an example of general damages? Compensation for disfigurement
16. What are the four quadrants of risk? Hazard, Operational, Financial,
Strategic
17. What is a Hazard Risk? A risk that arises from property,
liability, or personnel loss expo-
sures.
18. What is an operational risk? A risk that arises from people or
a failure in processes, systems, or
controls, including those involv-
ing information technology
1. The two main sectors of the insurance industry are Property-casualty insurance and
life-health insurance.
2. Because insurance contracts impose an obligation Contract of utmost good faith.
for ethical practices and behaviors on the parties
while dealing with one another, an insurance con-
tract is called a
3. Earned premiums are shown on an insurer's in- Revenues
come statement because they are
4. Destructive competition in the insurance industry Insurance Shortages
could result in
5. Sean was driving and caused an injury to a pedes- Insured and claimant and claims
trian named Wilbur. In the context of the resulting representative
claim made to Sean's insurance company and as-
signed to Andrea in the claims department, Sean
and Wilbur and Andrea are, respectively
6. Which one of these is most directly associated with Leads and referrals that can be
a satisfied customer? used to generate new business
7. When conducting an advance audit, which of Classify the various exposures
these tasks are performed to assist underwriting?
8. Because the insurance company usually deter- Contract of adhesion
mines policy wording and the insured has little
choice but to "take it or leave it," an insurance
contract is a
9. Smart products used to perform repetitive tasks Robots
10.
, AINS 101 Exam Solved Correctly To Score A+ 2026
What is the correct order for these steps in the Identifying the policy, calculating
claims process? Calculating a loss reserve, prepar- a loss reserve, determining the
ing a loss statement, identifying the policy, deter- cause of loss, preparing a loss
mining the cause of loss statement
11. What is another name for a field underwriter? Line Underwriter
12. Someone has the following duties: evaluate appli- Field/Line Underwriter
cants that producers submit, present policy quo-
tations, process policy endorsements, help ex-
plain coverages, make coverage recommenda-
tions. What is their role?
13. In personal property-casualty insurance, which is Pre-printed policies
more common: manuscript forms or pre-printed
policies?
14. Which statement is true? A policy begins with a coverage
overview, then goes into more
coverage details
15. Which of these is an example of general damages? Compensation for disfigurement
16. What are the four quadrants of risk? Hazard, Operational, Financial,
Strategic
17. What is a Hazard Risk? A risk that arises from property,
liability, or personnel loss expo-
sures.
18. What is an operational risk? A risk that arises from people or
a failure in processes, systems, or
controls, including those involv-
ing information technology
