AINS 101
Practice Exam
Questions with
Correct Answers
petel petish [Date] [Course title]
, 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:
Practice Exam
Questions with
Correct Answers
petel petish [Date] [Course title]
, 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: