AINS 102 - Associate in Insurance (AINS)
designation COMPLETE EXAM LATEST VERSION
2026-2027 QUESTIONS AND 100% Verified
ANSWERS
Which one of the following statements is correct regarding coverage under Section I,
Coverage D—Loss of Use of an HO-3 policy.
Select one:
A. Coverage is provided only when civil authority prohibits use of the premises.
B. Additional Living Expenses and Fair Rental Value have separate coverage limits.
C. Coverage is limited to 30 days or the time required to repair or replace the residence
premises, whichever is shorter.
D. A claim may be filed when the residence premises are unlivable because of a covered
cause of loss and there has been an increase in living expenses. - answer>>>D. A claim
may be filed when the residence premises are unlivable because of a covered cause of
loss and there has been an increase in living expense
Under Section II—Liability Coverage of a homeowners policy all of the following are the
insured's duties after an occurrence, EXCEPT:
Select one:
A. Submit a sworn statement of loss for damage to property of others if making a claim
under that coverage
B. Forward legal documents to the insurer
C. Provide claims assistance to the insurer
D. Make voluntary payments to the claimant - answer>>>D. Make voluntary payments to
the claimant
,Under Coverage E—Personal Liability of the HO-3 policy, the insurer's obligation to
defend ends Select one:
A. When the costs of defense limits are exhausted.
B. When the liability limit for the occurrence is exhausted by payment of a settlement or
judgment.
C. When the cost of defense exceeds the personal liability limits.
D. When policy limits are exhausted by the claim expenses. - answer>>>B. When the
liability limit for the occurrence is exhausted by payment of a settlement or judgment.
The medical payments coverage in a homeowners policy covers certain medical expenses
incurred by
Select one:
A. Insureds.
B. Nonresidents of the insured's household.
C. A person uninvited to the insured's home.
D. Regular household residents other than residence employees. - answer>>>B.
Nonresidents of the insured's household.
Coverage F—Medical Payments to Others in the homeowners policy applies to bodily
injury to a residence employee in all of the following situations, EXCEPT:
Select one:
A. The residence employee is away from the insured location but is working
B. The residence employee is on the insured location and is working
C. The residence employee is on the insured location but is not working
,D. The residence employee is away from the insured location and is not working -
answer>>>D. The residence employee is away from the insured location and is not
working
Marcus is buying insurance for his recent home purchase that will be covered by a DP-3
policy. In reading his policy, which one of the following will Marcus find is true?
Select one:
A. Marcus needs to add an endorsement to the DP-3 to cover personal property damage.
B. The DP-3 provides named perils coverage for the dwelling and personal property.
C. Marcus wants to add a theft endorsement to his DP-3 to cover personal property
damage caused by burglars.
D. The DP-3 excludes coverage for theft of property that isn't part of the covered
structure. - answer>>>D. The DP-3 excludes coverage for theft of property that isn't
part of the covered structure.
Which one of the following is true when comparing the DP-3 and the HO-3 policies?
Select one:
A. Like the HO-3, the DP-3's Coverage C—Personal Property includes coverage for money.
B. Coverage A—Dwelling is provided to both the HO-3 and DP-3 at the residence
premises.
C. Like the HO-3, grave markers are covered by the DP-3's Coverage B—Other Structures.
D. Coverage D and Coverage E in the DP-3 are similar to the HO-3's Loss of Use Coverage.
- answer>>>D. Coverage D and Coverage E in the DP-3 are similar to the HO-3's Loss of
Use Coverage.
The "Write Your Own" (WYO) flood insurance program allows Select
one:
, A. Insureds to purchase flood coverage without an agent or representative.
B. Insureds to carry flood coverage regardless of the property's location.
C. Participating Insurers write flood insurance using National Flood Insurance Program
guidelines.
D. Insureds to tailor flood coverage to their own specific needs. - answer>>>C.
Participating Insurers write flood insurance using National Flood Insurance Program
guidelines.
Westgrove is in the initial phase of its community's participation in the National Flood
Insurance Program (NFIP), during which property owners are allowed to purchase limited
amounts of insurance at subsidized rates. This is known as Select one:
A. The regular program.
B. The emergency program.
C. The "Write-Your-Own" flood insurance program.
D. A beachfront or windstorm plan. - answer>>>B. The emergency program.
Roger and Sarah sold their house and plan to travel around the world for one year. They
placed their furniture and appliances in storage and will take luggage and cameras on
their trip. Sarah will travel with her diamond engagement ring. Jeff, their insurance agent,
canceled their homeowners policy soon after the house was sold.
Which one of the following types of personal inland marine forms should Jeff recommend
to Roger and Sarah to best protect Sarah's diamond ring during the trip?
Select one:
A. Personal Articles Standard Loss Settlement Form
B. Personal Property Form
C. Personal Property Replacement Cost Loss Settlement Endorsement
D. Tenant Homeowners Form - answer>>>B. The emergency program.
designation COMPLETE EXAM LATEST VERSION
2026-2027 QUESTIONS AND 100% Verified
ANSWERS
Which one of the following statements is correct regarding coverage under Section I,
Coverage D—Loss of Use of an HO-3 policy.
Select one:
A. Coverage is provided only when civil authority prohibits use of the premises.
B. Additional Living Expenses and Fair Rental Value have separate coverage limits.
C. Coverage is limited to 30 days or the time required to repair or replace the residence
premises, whichever is shorter.
D. A claim may be filed when the residence premises are unlivable because of a covered
cause of loss and there has been an increase in living expenses. - answer>>>D. A claim
may be filed when the residence premises are unlivable because of a covered cause of
loss and there has been an increase in living expense
Under Section II—Liability Coverage of a homeowners policy all of the following are the
insured's duties after an occurrence, EXCEPT:
Select one:
A. Submit a sworn statement of loss for damage to property of others if making a claim
under that coverage
B. Forward legal documents to the insurer
C. Provide claims assistance to the insurer
D. Make voluntary payments to the claimant - answer>>>D. Make voluntary payments to
the claimant
,Under Coverage E—Personal Liability of the HO-3 policy, the insurer's obligation to
defend ends Select one:
A. When the costs of defense limits are exhausted.
B. When the liability limit for the occurrence is exhausted by payment of a settlement or
judgment.
C. When the cost of defense exceeds the personal liability limits.
D. When policy limits are exhausted by the claim expenses. - answer>>>B. When the
liability limit for the occurrence is exhausted by payment of a settlement or judgment.
The medical payments coverage in a homeowners policy covers certain medical expenses
incurred by
Select one:
A. Insureds.
B. Nonresidents of the insured's household.
C. A person uninvited to the insured's home.
D. Regular household residents other than residence employees. - answer>>>B.
Nonresidents of the insured's household.
Coverage F—Medical Payments to Others in the homeowners policy applies to bodily
injury to a residence employee in all of the following situations, EXCEPT:
Select one:
A. The residence employee is away from the insured location but is working
B. The residence employee is on the insured location and is working
C. The residence employee is on the insured location but is not working
,D. The residence employee is away from the insured location and is not working -
answer>>>D. The residence employee is away from the insured location and is not
working
Marcus is buying insurance for his recent home purchase that will be covered by a DP-3
policy. In reading his policy, which one of the following will Marcus find is true?
Select one:
A. Marcus needs to add an endorsement to the DP-3 to cover personal property damage.
B. The DP-3 provides named perils coverage for the dwelling and personal property.
C. Marcus wants to add a theft endorsement to his DP-3 to cover personal property
damage caused by burglars.
D. The DP-3 excludes coverage for theft of property that isn't part of the covered
structure. - answer>>>D. The DP-3 excludes coverage for theft of property that isn't
part of the covered structure.
Which one of the following is true when comparing the DP-3 and the HO-3 policies?
Select one:
A. Like the HO-3, the DP-3's Coverage C—Personal Property includes coverage for money.
B. Coverage A—Dwelling is provided to both the HO-3 and DP-3 at the residence
premises.
C. Like the HO-3, grave markers are covered by the DP-3's Coverage B—Other Structures.
D. Coverage D and Coverage E in the DP-3 are similar to the HO-3's Loss of Use Coverage.
- answer>>>D. Coverage D and Coverage E in the DP-3 are similar to the HO-3's Loss of
Use Coverage.
The "Write Your Own" (WYO) flood insurance program allows Select
one:
, A. Insureds to purchase flood coverage without an agent or representative.
B. Insureds to carry flood coverage regardless of the property's location.
C. Participating Insurers write flood insurance using National Flood Insurance Program
guidelines.
D. Insureds to tailor flood coverage to their own specific needs. - answer>>>C.
Participating Insurers write flood insurance using National Flood Insurance Program
guidelines.
Westgrove is in the initial phase of its community's participation in the National Flood
Insurance Program (NFIP), during which property owners are allowed to purchase limited
amounts of insurance at subsidized rates. This is known as Select one:
A. The regular program.
B. The emergency program.
C. The "Write-Your-Own" flood insurance program.
D. A beachfront or windstorm plan. - answer>>>B. The emergency program.
Roger and Sarah sold their house and plan to travel around the world for one year. They
placed their furniture and appliances in storage and will take luggage and cameras on
their trip. Sarah will travel with her diamond engagement ring. Jeff, their insurance agent,
canceled their homeowners policy soon after the house was sold.
Which one of the following types of personal inland marine forms should Jeff recommend
to Roger and Sarah to best protect Sarah's diamond ring during the trip?
Select one:
A. Personal Articles Standard Loss Settlement Form
B. Personal Property Form
C. Personal Property Replacement Cost Loss Settlement Endorsement
D. Tenant Homeowners Form - answer>>>B. The emergency program.
