AINS 101 - Increasing Your Insurance IQ Test with Verified Answers | Latest 2024/2025

Which of the following represents uncertainty about outcomes that can be negative or positive? ️ Risk The primary role of insurance is to ️ Indemnify individuals and organizations for covered losses. The insurance agent suggested that Sally's Snack Shop buy a policy that combines property, crime, and liability coverage into one policy. This is referred to as as a(n) ️ Commercial package policy (CPP) Coverage for money and other business property from various causes of loss such as burglary, robbery, theft, and employee dishonesty typically provided by ️ Commercial crime insruance Insurance Company wrote a commercial liability policy for a manufacturer of off-road motorcycles. The potential cost of the insured's loss exposure exceed Insurance Company's capacity. Insurance Company could consider which one of the following types of contractual transferring agreement to meet its needs? ️ Reinsurance Which one of the following correctly describes a reason for government involvement in property-casualty insruance? ️ Government programs can meet legitimate public demands unmet by private insurers. AVA is a start up company that develops safety technologies that can be sold to companies that are producing autonomous vehicles. One Technology AVA is developing allows an autonomous vehicle to detect, extract, and analyze images; and then to respond to those images. For example, the technology would detect a presence in a crosswalk, extract the image, and a computer would analyze the image. When the image was determined to be a human being, the vehi AINS 101 - Increasing Your Insurance IQ Test with Verified Answers | Latest 2024/2025