AINS 101 Practice Exam 2026/2027 |
Updated Questions, Answers & Exam
Review
State workers compensation funds are public insurers: - correct answer-What is
an example of a public insurer?
Stock, Mutual, and Reciprocal Insurance Exchanges - correct answer-What are
examples of private insurers?
Federal & State governments are involved to facilitate compulsory insurance
programs. - correct answer-Why is there government involvement in insurance?
Insurance helps reduce financial burdens by compensating accident victims. -
correct answer-What is a benefit provided by insurance?
Commercial Package Policy (CPP) - correct answer-Insurance covering property,
crime, and liability is an example of what kind of policy?
Reinsurance companies assume loss exposures from a primary insurer. - correct
answer-What does a reinsurance company do?
, It is a corporation owned by policy holders that provides insurance to its policy
holders. - correct answer-What is a mutual insurance company?
Unearned premiums - correct answer-What is a part of a written premium?
Net Income - correct answer-What doesn't appear on a balance sheet?
Easily converted to cash. - correct answer-Admitted assets are types of property
that regulators allow insurers to show as asset on their financial statements
because they are:
An insurer is using its own employees as producers. - correct answer-The key to
direct writer marketing system is:
They should use group marketing to target local college graduates. - correct
answer-As it grows, Anchor Insurance is examining other distribution channels to
more effectively market it's products. What is an example of what it should look
into?
As many as they want. - correct answer-Independent Agencies can work with
how many different insurers?
Marketing - correct answer-Stephanie appreciates the help she receives from
Clem, who provides her with recent statistics and comments on Waynes good
customer satisfaction levels. What department is she in?
General Damages - correct answer-Damages for Disfigurement are considered:
Updated Questions, Answers & Exam
Review
State workers compensation funds are public insurers: - correct answer-What is
an example of a public insurer?
Stock, Mutual, and Reciprocal Insurance Exchanges - correct answer-What are
examples of private insurers?
Federal & State governments are involved to facilitate compulsory insurance
programs. - correct answer-Why is there government involvement in insurance?
Insurance helps reduce financial burdens by compensating accident victims. -
correct answer-What is a benefit provided by insurance?
Commercial Package Policy (CPP) - correct answer-Insurance covering property,
crime, and liability is an example of what kind of policy?
Reinsurance companies assume loss exposures from a primary insurer. - correct
answer-What does a reinsurance company do?
, It is a corporation owned by policy holders that provides insurance to its policy
holders. - correct answer-What is a mutual insurance company?
Unearned premiums - correct answer-What is a part of a written premium?
Net Income - correct answer-What doesn't appear on a balance sheet?
Easily converted to cash. - correct answer-Admitted assets are types of property
that regulators allow insurers to show as asset on their financial statements
because they are:
An insurer is using its own employees as producers. - correct answer-The key to
direct writer marketing system is:
They should use group marketing to target local college graduates. - correct
answer-As it grows, Anchor Insurance is examining other distribution channels to
more effectively market it's products. What is an example of what it should look
into?
As many as they want. - correct answer-Independent Agencies can work with
how many different insurers?
Marketing - correct answer-Stephanie appreciates the help she receives from
Clem, who provides her with recent statistics and comments on Waynes good
customer satisfaction levels. What department is she in?
General Damages - correct answer-Damages for Disfigurement are considered:
