AINS 102 CH 5 EXAM QUESTIONS AND
ANSWERS 100% CORRECT!!
, Alex and his marketing team are evaluating various new insurance platforms to provide
research to serve their customers better. Which one of the following best describes
what the team has accurately discovered?
Select one:
A. These platforms' differentiation is providing a specialized, tech-driven, and individual
customer response.
B. Tech-driven insurance platforms offer very different types of property insurance than
traditional insurers.
C. Startups do best when they quickly break into a new market and exclusively focus on
established customers.
D. Providing smart devices to insured homeowners will not prevent losses, but rather
lower claim payments. - ANSWER A. These platforms' differentiation is providing a
specialized, tech-driven, and individual customer response.
Christina and Carlos Thomas have decided to place their auto insurance needs with the
Windspring Group, a type of insurance arrangement called peer-to-peer insurance.
Which one of the following will the Thomas family experience with this situation?
Select one:
A. Because of the consistent and reliable pool of funds, reinsurance will not usually be
needed for this type of insurance.
B. The Thomas' peer-to-peer group began on a local level and now has proven it can
easily and quickly achieve a countrywide presence.
C. Peer-to-peer insurance offers the novel insurance approaches of self-selection of
pool members and how to manage excess funds.
D. Because of the limited but consistent growth of peer-to-peer insurance, a majority of
states have approved the diverse regulatory requirements. - ANSWER C. Peer-to-peer
insurance offers the novel insurance approaches of self-selection of pool members and
how to manage excess funds.
Which one of the following is correct regarding the Transportation Network Driver
Coverage (No Passenger) endorsement and the Limited Transportation Network Driver
Coverage (No Passenger) Endorsement to the personal auto policy?
Select one:
A. They both exclude coverage when a passenger is occupying the vehicle.
B. They both provide the same coverage, but one requires more premium.
C. They both provide coverage until a passenger enters the vehicle.
D. They both end coverage when an insured accepts a passenger's request. -
ANSWER A. They both exclude coverage when a passenger is occupying the vehicle.
Telematics devices track driving habits and then
Select one:
ANSWERS 100% CORRECT!!
, Alex and his marketing team are evaluating various new insurance platforms to provide
research to serve their customers better. Which one of the following best describes
what the team has accurately discovered?
Select one:
A. These platforms' differentiation is providing a specialized, tech-driven, and individual
customer response.
B. Tech-driven insurance platforms offer very different types of property insurance than
traditional insurers.
C. Startups do best when they quickly break into a new market and exclusively focus on
established customers.
D. Providing smart devices to insured homeowners will not prevent losses, but rather
lower claim payments. - ANSWER A. These platforms' differentiation is providing a
specialized, tech-driven, and individual customer response.
Christina and Carlos Thomas have decided to place their auto insurance needs with the
Windspring Group, a type of insurance arrangement called peer-to-peer insurance.
Which one of the following will the Thomas family experience with this situation?
Select one:
A. Because of the consistent and reliable pool of funds, reinsurance will not usually be
needed for this type of insurance.
B. The Thomas' peer-to-peer group began on a local level and now has proven it can
easily and quickly achieve a countrywide presence.
C. Peer-to-peer insurance offers the novel insurance approaches of self-selection of
pool members and how to manage excess funds.
D. Because of the limited but consistent growth of peer-to-peer insurance, a majority of
states have approved the diverse regulatory requirements. - ANSWER C. Peer-to-peer
insurance offers the novel insurance approaches of self-selection of pool members and
how to manage excess funds.
Which one of the following is correct regarding the Transportation Network Driver
Coverage (No Passenger) endorsement and the Limited Transportation Network Driver
Coverage (No Passenger) Endorsement to the personal auto policy?
Select one:
A. They both exclude coverage when a passenger is occupying the vehicle.
B. They both provide the same coverage, but one requires more premium.
C. They both provide coverage until a passenger enters the vehicle.
D. They both end coverage when an insured accepts a passenger's request. -
ANSWER A. They both exclude coverage when a passenger is occupying the vehicle.
Telematics devices track driving habits and then
Select one:
