AINS 101

Which of the following represents uncertainty about outcomes that can be negative or positive? - ANSWER Risk The primary role of insurance is to - ANSWER 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) - ANSWER Commercial package policy (CPP)

Actual Cash Value (ACV) - ANSWER The cost to replace property with new property of like kind and quality less depreciation. Adverse Selection - ANSWER Insuring individuals with a high probability of loss at a cost lower than the insurer would normally charge for that risk because it wasn't aware of the actual risk involved.

request by person/business for compensation from insurer for loss - ANSWER claim person who makes claim - ANSWER claimant _ party claim is vs own insurance - ANSWER

A liability loss has the following damages: Medical expenses: $10,000 Damages for disfigurement: $50,000 Damages for pain and suffering: $100,000 What is the amount of general damages? - ANSWER C. $150,000 Damages for pain and suffering are a form of - ANSWER D. General damages. Which one of the following statements is true regarding an insurer's profitability? - ANSWER A. An insurer's combined ratio of 85 means it is

AINS 101 Exam Prep Questions And Answers 2025 As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has to pay only $...

AINS 101 | 112 Question with 100 % correct answers | Verified 2025 Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the - Correct Answer Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a -...

AINS 101 - Course Quiz Exam Questions And Answers 2025. The primary role of insurance is to - Correct Answer Indemnify individuals and organizations for covered losses. As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? - Correct Answer When her car's windshield breaks, C...

AINS 101 simulated exam Questions And Answer Exclusive agency is contracted to sell insurance for one insurer or group of insurers - Correct Answer The difference between an independent agency and an exclusive agency is that an Insurance shortages - Correct Answer Destructive competition in the insurance industry could result in Veronica directly contacts Maria for guidance on how to report a stolen car, Maria provides that, and claims rep Sean takes over after an introduction from Ma...

AINS 101 - INCREASING YOUR INSURANCE IQ QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS LATEST RELEASE 100% GUARANTEED PASS Terms in this set (108) 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 ...

AINS 101 - COURSE QUIZ AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE Terms in this set (50) The primary role of insurance is to Indemnify individuals and organizations for covered losses. As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? When her car's wi...