AINS 102
A. $four,500 - ANS-Tricia Barton has a private auto coverage imparting collision coverage (with
a $500 deductible) and aside from collision insurance (with a $250 deductible) on her Chrysler
sedan. Late one night, Tricia changed into chargeable for an accident in which she bumped into
an SUV and prompted damage to both cars. She submitted a claim to her insurer for the $5,000
invoice to restore her sedan. Assuming she had good enough limits and her insurer agreed to
pay the claim, what amount will her insurer pay underneath Part D—Damage to Your Auto?
A. $4,500
B. $4,750
C. $5,000
D. $5,250
A. Antique Cars - ANS-The Miscellaneous Type Vehicle Endorsement covers all of the following,
EXCEPT:
A. Antique Cars
B. Motorcycles
C. Golf carts
D. Motor Homes
A. Boat trailer - ANS-Which one of the following may be protected for physical harm and liability
insurance by using a Personal Auto Policy (PAP)?
A. Boat trailer
B. Jet ski
C. Boat underneath 26 ft
D. Boat being transported by means of private car
A. Data accrued from sensors is utilized by insurers for personalized pricing and claims
managing. - ANS-Which one of the following is proper concerning the usage of era in domestic
hazard management?
A. Data gathered from sensors is utilized by insurers for personalised pricing and claims
handling.
B. Sensors are commonly seemed as useful in loss prevention, however not in loss discount.
C. Smart devices in the home have reaffirmed the want for existing claims statistics to assess
hazard.
D. Technology is extra standard, abundant, and useful in houses than in automobile
environments.
A. Determine whether or not coverage applies to the loss. - ANS-After an insurer recognizes a
declare from an insured and assigns the declare to a representative, the representative desires
to discover and check the policy. Identifying the coverage requires the claim consultant to
,A. Determine whether coverage applies to the loss.
B. Notify the agent that a loss has came about.
C. Check for errors inside the declarations web page.
D. Make positive the policy is filed correctly.
A. False arrest - ANS-Personal umbrella rules usually cowl the insured's liability for private
harm. Under the Personal Umbrella Liability Policy, which one of the following is included
underneath the definition of personal harm?
A. False arrest
B. Assault and battery deliberately devoted
C. Professional liability
D. Abandonment
A. Framed images of Winona's grandchildren - ANS-Winona now has a image framing
enterprise she conducts from her home, however has by no means amended her unendorsed
homeowners policy to reflect the business exposures. If her home have been damaged or
destroyed by means of a covered motive of loss, which one of the following would be protected?
A. Framed pictures of Winona's grandchildren
B. Boxes of frames for destiny jobs
C. Disks with facts on cutting-edge customers
D. Framed pics looking ahead to customer pickup
A. It will increase customer retention, which will increase profitability. - ANS-In an corporation or
brokerage, go-promoting has which one of the following effects on long-time period profitability?
A. It will increase consumer retention, which increases profitability.
B. It has no direct effect on profitability.
C. It increases acquisition expenses, which reduces profitability.
D. It increases loss exposures, which reduces profitability.
A. Loss of Use. - ANS-The HO-3 policy Coverage D presents insurance for
A. Loss of Use.
B. Personal property.
C. The residing.
D. Other Structures.
A. Lost income - ANS-A own family rents its holiday home to others for numerous months every
12 months. A fire brought on sizeable harm to the house simply earlier than the rental season
began three hundred and sixty five days, and the family became unable to gather any rent on
the belongings till it become repaired. This incapacity to collect hire is an example of which one
of the following results of loss?
A. Lost income
B. Increased fees
C. Reduction in cost of property
D. Special damages
, A. No coverage - ANS-The Jordans own a small ranch, and maintain numerous ponies at the
belongings for his or her non-public use. Mr. And Mrs. Jordan are worried that their kid's buddies
and travelling spouse and children might be injured while riding the family's ponies. What
coverage might the unendorsed DP-three policy provide for this loss publicity?
A. No insurance
B. Full coverage, as much as the policy limits
C. Medical charges best, as much as $2,000
D. 20% of the Coverage A limit
A. Nonresidents of the insured's family. - ANS-The medical bills insurance in a homeowners
policy covers positive scientific charges incurred by
A. Nonresidents of the insured's household.
B. A man or woman uninvited to the insured's home.
C. Insureds.
D. Regular household citizens aside from house personnel.
A. Participating Insurers write flood insurance using National Flood Insurance Program
recommendations. - ANS-The "Write Your Own" (WYO) flood coverage program lets in
A. Participating Insurers write flood coverage the use of National Flood Insurance Program
recommendations.
B. Insureds to purchase flood coverage with out an agent or consultant.
C. Insureds to hold flood insurance no matter the assets's region.
D. Insureds to tailor flood insurance to their own unique needs.
A. Producers. - ANS-Because they interview the applicant first, see the assets or operations to
be insured, and evaluate the loss exposures, the most vital number one supply of statistics for
the underwriters is the
A. Producers.
B. Property-valuation manual provider.
C. Risk control consultant.
D. Financial and credit score-reporting service.
A. Punitive damages. - ANS-SF Poultry learned that a number of people had emerge as ill and
hospitalized after ingesting chook from one of its processing flora. The organisation did not
advise the general public or its vendors of the trouble, and made no attempt to recall the spoiled
product. Over 50 individuals ended-up turning into sick from the spoiled hen. SF Poultry become
determined dependable in court. In addition to having to pay the clinical and sanatorium
payments for the injured individuals, damages were levied towards SF Poultry to punish the
organization for its reckless and deceitful actions. These damages that have been levied in
opposition to SF Poultry are referred to as
A. Punitive damages.
B. General damages.
C. Necessary damages.
A. $four,500 - ANS-Tricia Barton has a private auto coverage imparting collision coverage (with
a $500 deductible) and aside from collision insurance (with a $250 deductible) on her Chrysler
sedan. Late one night, Tricia changed into chargeable for an accident in which she bumped into
an SUV and prompted damage to both cars. She submitted a claim to her insurer for the $5,000
invoice to restore her sedan. Assuming she had good enough limits and her insurer agreed to
pay the claim, what amount will her insurer pay underneath Part D—Damage to Your Auto?
A. $4,500
B. $4,750
C. $5,000
D. $5,250
A. Antique Cars - ANS-The Miscellaneous Type Vehicle Endorsement covers all of the following,
EXCEPT:
A. Antique Cars
B. Motorcycles
C. Golf carts
D. Motor Homes
A. Boat trailer - ANS-Which one of the following may be protected for physical harm and liability
insurance by using a Personal Auto Policy (PAP)?
A. Boat trailer
B. Jet ski
C. Boat underneath 26 ft
D. Boat being transported by means of private car
A. Data accrued from sensors is utilized by insurers for personalized pricing and claims
managing. - ANS-Which one of the following is proper concerning the usage of era in domestic
hazard management?
A. Data gathered from sensors is utilized by insurers for personalised pricing and claims
handling.
B. Sensors are commonly seemed as useful in loss prevention, however not in loss discount.
C. Smart devices in the home have reaffirmed the want for existing claims statistics to assess
hazard.
D. Technology is extra standard, abundant, and useful in houses than in automobile
environments.
A. Determine whether or not coverage applies to the loss. - ANS-After an insurer recognizes a
declare from an insured and assigns the declare to a representative, the representative desires
to discover and check the policy. Identifying the coverage requires the claim consultant to
,A. Determine whether coverage applies to the loss.
B. Notify the agent that a loss has came about.
C. Check for errors inside the declarations web page.
D. Make positive the policy is filed correctly.
A. False arrest - ANS-Personal umbrella rules usually cowl the insured's liability for private
harm. Under the Personal Umbrella Liability Policy, which one of the following is included
underneath the definition of personal harm?
A. False arrest
B. Assault and battery deliberately devoted
C. Professional liability
D. Abandonment
A. Framed images of Winona's grandchildren - ANS-Winona now has a image framing
enterprise she conducts from her home, however has by no means amended her unendorsed
homeowners policy to reflect the business exposures. If her home have been damaged or
destroyed by means of a covered motive of loss, which one of the following would be protected?
A. Framed pictures of Winona's grandchildren
B. Boxes of frames for destiny jobs
C. Disks with facts on cutting-edge customers
D. Framed pics looking ahead to customer pickup
A. It will increase customer retention, which will increase profitability. - ANS-In an corporation or
brokerage, go-promoting has which one of the following effects on long-time period profitability?
A. It will increase consumer retention, which increases profitability.
B. It has no direct effect on profitability.
C. It increases acquisition expenses, which reduces profitability.
D. It increases loss exposures, which reduces profitability.
A. Loss of Use. - ANS-The HO-3 policy Coverage D presents insurance for
A. Loss of Use.
B. Personal property.
C. The residing.
D. Other Structures.
A. Lost income - ANS-A own family rents its holiday home to others for numerous months every
12 months. A fire brought on sizeable harm to the house simply earlier than the rental season
began three hundred and sixty five days, and the family became unable to gather any rent on
the belongings till it become repaired. This incapacity to collect hire is an example of which one
of the following results of loss?
A. Lost income
B. Increased fees
C. Reduction in cost of property
D. Special damages
, A. No coverage - ANS-The Jordans own a small ranch, and maintain numerous ponies at the
belongings for his or her non-public use. Mr. And Mrs. Jordan are worried that their kid's buddies
and travelling spouse and children might be injured while riding the family's ponies. What
coverage might the unendorsed DP-three policy provide for this loss publicity?
A. No insurance
B. Full coverage, as much as the policy limits
C. Medical charges best, as much as $2,000
D. 20% of the Coverage A limit
A. Nonresidents of the insured's family. - ANS-The medical bills insurance in a homeowners
policy covers positive scientific charges incurred by
A. Nonresidents of the insured's household.
B. A man or woman uninvited to the insured's home.
C. Insureds.
D. Regular household citizens aside from house personnel.
A. Participating Insurers write flood insurance using National Flood Insurance Program
recommendations. - ANS-The "Write Your Own" (WYO) flood coverage program lets in
A. Participating Insurers write flood coverage the use of National Flood Insurance Program
recommendations.
B. Insureds to purchase flood coverage with out an agent or consultant.
C. Insureds to hold flood insurance no matter the assets's region.
D. Insureds to tailor flood insurance to their own unique needs.
A. Producers. - ANS-Because they interview the applicant first, see the assets or operations to
be insured, and evaluate the loss exposures, the most vital number one supply of statistics for
the underwriters is the
A. Producers.
B. Property-valuation manual provider.
C. Risk control consultant.
D. Financial and credit score-reporting service.
A. Punitive damages. - ANS-SF Poultry learned that a number of people had emerge as ill and
hospitalized after ingesting chook from one of its processing flora. The organisation did not
advise the general public or its vendors of the trouble, and made no attempt to recall the spoiled
product. Over 50 individuals ended-up turning into sick from the spoiled hen. SF Poultry become
determined dependable in court. In addition to having to pay the clinical and sanatorium
payments for the injured individuals, damages were levied towards SF Poultry to punish the
organization for its reckless and deceitful actions. These damages that have been levied in
opposition to SF Poultry are referred to as
A. Punitive damages.
B. General damages.
C. Necessary damages.
