AINS 22 - Segment A Exam Questions and Answers Already Passed Latest Update 2025-2026
A couple meets with a financial adviser to review their insurance needs and investment choices.
In the course of the discussion, a variety of topics are covered, including the impact of a long-
term illness of the primary wage earner. In this context, the long-term illness is best described
as:
A. An uninsurable risk.
B. An asset exposed to loss.
C. A cause of loss.
D. A financial consequence of loss. - Answers C. A cause of loss.
A couple is expecting their first child and is considering the implications the premature death of
the primary wage earner would have on the child's future. The primary wage earner's ability to
provide income for this child is best described as
A. A peril.
B. An asset exposed to loss.
C. A cause of loss.
D. A financial consequence of loss. - Answers B. An asset exposed to loss.
In the context of assets exposed to loss, elements such as fire, wind, hail, and theft are best
described as examples of
A. Real property exposures.
B. Personal property exposures.
C. Causes of loss.
D. Consequences of property losses. - Answers C. Causes of loss.
If a motorist incurs the cost to repair his vehicle after a collision, this result is best described as:
A. An asset exposed to loss.
B. The financial consequence of loss.
C. A cause of loss.
D. A peril. - Answers B. The financial consequence of loss.
In the context of assets exposed to loss, long-term illness and loss of employment are best
,described as examples of
A. Real property exposures.
B. Personal property exposures.
C. Causes of loss.
D. Consequences of loss. - Answers C. Causes of loss.
Which one of the following is considered real property?
A. An automobile
B. A house
C. Furniture
D. A motorhome - Answers B. A house
All of the following items are examples of personal property, EXCEPT:
A. A diamond wedding ring
B. A set of cookware
C. A fishing boat
D. A detached garage - Answers D. A detached garage
A family rents its vacation home to others for several months each year. A fire caused extensive
damage to the home just before the rental season began one year, and the family was unable to
collect any rent on the property until it was repaired. This inability to collect rent is an example
of which one of the following outcomes of loss?
A. Lost income
B. Increased expenses
C. Reduction in value of property
D. Special damages - Answers A. Lost income
Which one of the following is considered real property?
A. An automobile
B. A brick storage shed
C. Household appliances
,D. A motorhome - Answers B. A brick storage shed
All of the following items are examples of personal property, EXCEPT:
A. Sports equipment
B. Silverware
C. A fishing boat
D. Underground pipes - Answers D. Underground pipes
An individual's liability losses
A. May not exceed the value of his or her real property.
B. May not exceed the value of all of his or her assets, including both personal and real property.
C. May not exceed the amount of his or her current income.
D. May consume most of his or her present assets and future income. - Answers D. May
consume most of his or her present assets and future income.
All of the following could lead to a liability loss for a family, EXCEPT:
Select one:
A. A guest slips on an icy sidewalk in front of the family's home and breaks his leg.
B. The father trips on a broom he left lying in the driveway and breaks his arm.
C. The daughter, who is 16 years old, sideswipes a neighbor's car and dents its fender while
driving her own car.
D. The son, who is 13 years old, throws a rock at a classmate who requires stitches for an injury
to his head. - Answers B. The father trips on a broom he left lying in the driveway and breaks his
arm.
If Mary hits Betty in the arm, Mary has committed
Select one:
A. Battery.
, B. Slander.
C. Assault.
D. Trespass. - Answers A. Battery.
An intentional and unlawful threat of bodily harm is
Select one:
A. Battery.
B. Assault.
C. Slander.
D. Nuisance. - Answers B. Assault.
A family suffered extensive fire damage to its home and was temporarily unable to inhabit it.
The family was forced to rent a hotel room while its home was under repair. The cost incurred
to rent the hotel room is referred to as which one of the following outcomes of loss?
Select one:
A. Lost income
B. Increased expenses
C. Reduction in value of property
D. Special damages - Answers B. Increased expenses
All of the following are a type of asset exposed to loss due to health and disability loss
exposures, EXCEPT:
Select one:
A. Employment income
B. Savings
C. Employer-provided benefits
D. Social Security income - Answers D. Social Security income
A couple meets with a financial adviser to review their insurance needs and investment choices.
In the course of the discussion, a variety of topics are covered, including the impact of a long-
term illness of the primary wage earner. In this context, the long-term illness is best described
as:
A. An uninsurable risk.
B. An asset exposed to loss.
C. A cause of loss.
D. A financial consequence of loss. - Answers C. A cause of loss.
A couple is expecting their first child and is considering the implications the premature death of
the primary wage earner would have on the child's future. The primary wage earner's ability to
provide income for this child is best described as
A. A peril.
B. An asset exposed to loss.
C. A cause of loss.
D. A financial consequence of loss. - Answers B. An asset exposed to loss.
In the context of assets exposed to loss, elements such as fire, wind, hail, and theft are best
described as examples of
A. Real property exposures.
B. Personal property exposures.
C. Causes of loss.
D. Consequences of property losses. - Answers C. Causes of loss.
If a motorist incurs the cost to repair his vehicle after a collision, this result is best described as:
A. An asset exposed to loss.
B. The financial consequence of loss.
C. A cause of loss.
D. A peril. - Answers B. The financial consequence of loss.
In the context of assets exposed to loss, long-term illness and loss of employment are best
,described as examples of
A. Real property exposures.
B. Personal property exposures.
C. Causes of loss.
D. Consequences of loss. - Answers C. Causes of loss.
Which one of the following is considered real property?
A. An automobile
B. A house
C. Furniture
D. A motorhome - Answers B. A house
All of the following items are examples of personal property, EXCEPT:
A. A diamond wedding ring
B. A set of cookware
C. A fishing boat
D. A detached garage - Answers D. A detached garage
A family rents its vacation home to others for several months each year. A fire caused extensive
damage to the home just before the rental season began one year, and the family was unable to
collect any rent on the property until it was repaired. This inability to collect rent is an example
of which one of the following outcomes of loss?
A. Lost income
B. Increased expenses
C. Reduction in value of property
D. Special damages - Answers A. Lost income
Which one of the following is considered real property?
A. An automobile
B. A brick storage shed
C. Household appliances
,D. A motorhome - Answers B. A brick storage shed
All of the following items are examples of personal property, EXCEPT:
A. Sports equipment
B. Silverware
C. A fishing boat
D. Underground pipes - Answers D. Underground pipes
An individual's liability losses
A. May not exceed the value of his or her real property.
B. May not exceed the value of all of his or her assets, including both personal and real property.
C. May not exceed the amount of his or her current income.
D. May consume most of his or her present assets and future income. - Answers D. May
consume most of his or her present assets and future income.
All of the following could lead to a liability loss for a family, EXCEPT:
Select one:
A. A guest slips on an icy sidewalk in front of the family's home and breaks his leg.
B. The father trips on a broom he left lying in the driveway and breaks his arm.
C. The daughter, who is 16 years old, sideswipes a neighbor's car and dents its fender while
driving her own car.
D. The son, who is 13 years old, throws a rock at a classmate who requires stitches for an injury
to his head. - Answers B. The father trips on a broom he left lying in the driveway and breaks his
arm.
If Mary hits Betty in the arm, Mary has committed
Select one:
A. Battery.
, B. Slander.
C. Assault.
D. Trespass. - Answers A. Battery.
An intentional and unlawful threat of bodily harm is
Select one:
A. Battery.
B. Assault.
C. Slander.
D. Nuisance. - Answers B. Assault.
A family suffered extensive fire damage to its home and was temporarily unable to inhabit it.
The family was forced to rent a hotel room while its home was under repair. The cost incurred
to rent the hotel room is referred to as which one of the following outcomes of loss?
Select one:
A. Lost income
B. Increased expenses
C. Reduction in value of property
D. Special damages - Answers B. Increased expenses
All of the following are a type of asset exposed to loss due to health and disability loss
exposures, EXCEPT:
Select one:
A. Employment income
B. Savings
C. Employer-provided benefits
D. Social Security income - Answers D. Social Security income
