AINS 102 COMPREHENSIVE EXAM SCRIPT
VERIFIED QUESTIONS COMPLETE
ANSWERS GRADED APLUS
◉ NFIP regular program
Answer: Second phase of the National Flood Insurance Program, in
which the community agrees to adopt flood-control and land-use
restrictions and in which property owners purchase higher amounts
of flood insurance than under the emergency program.
◉ Open perils coverage
Answer: A type of policy or coverage that insures against risks of
direct physical loss except for those specifically excluded or limited
by the policy.
◉ Open perils
Answer: A type of policy or coverage that insures against direct
physical loss unless the loss is excluded or limited by the policy.
◉ Other than collision (OTC) coverage
Answer: Coverage for physical damage to a covered auto resulting
from any cause of loss except collision or a cause of loss specifically
excluded.
, ◉ Peril
Answer: The cause of a loss.
◉ Perils of the seas
Answer: Accidental causes of loss that are peculiar to the sea and
other bodies of water.
◉ Personal injury protection (PIP) coverage
Answer: Coverage that pays benefits, regardless of fault, for medical
expense, income loss, and other benefits, resulting from bodily
injury to occupants of a covered auto.
◉ Personal property
Answer: All tangible or intangible property that is not real property.
◉ Policy period
Answer: The time frame, beginning with the inception date, during
which insurance coverage applies.
◉ Postjudgment interest
Answer: Interest that may accrue on damages after a judgment has
been entered in a court and before the money is paid.
VERIFIED QUESTIONS COMPLETE
ANSWERS GRADED APLUS
◉ NFIP regular program
Answer: Second phase of the National Flood Insurance Program, in
which the community agrees to adopt flood-control and land-use
restrictions and in which property owners purchase higher amounts
of flood insurance than under the emergency program.
◉ Open perils coverage
Answer: A type of policy or coverage that insures against risks of
direct physical loss except for those specifically excluded or limited
by the policy.
◉ Open perils
Answer: A type of policy or coverage that insures against direct
physical loss unless the loss is excluded or limited by the policy.
◉ Other than collision (OTC) coverage
Answer: Coverage for physical damage to a covered auto resulting
from any cause of loss except collision or a cause of loss specifically
excluded.
, ◉ Peril
Answer: The cause of a loss.
◉ Perils of the seas
Answer: Accidental causes of loss that are peculiar to the sea and
other bodies of water.
◉ Personal injury protection (PIP) coverage
Answer: Coverage that pays benefits, regardless of fault, for medical
expense, income loss, and other benefits, resulting from bodily
injury to occupants of a covered auto.
◉ Personal property
Answer: All tangible or intangible property that is not real property.
◉ Policy period
Answer: The time frame, beginning with the inception date, during
which insurance coverage applies.
◉ Postjudgment interest
Answer: Interest that may accrue on damages after a judgment has
been entered in a court and before the money is paid.
