AINS 101

AINS 101 EXAM PREP ACTUAL QUESTIONS WITH COMPLETE VERIFIED CORRECT ANSWERS LATEST UPDATE 2025 Terms in this set (378) 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 ...

AINS 101 EXAM PREP QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED GRADED A+ Practice questions for this set Terms in this set (137) Loss exposure any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium the price of the insurance coverage provided for a specified period Indemnify to restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured any person or orga...

AINS 101 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS RATED 100% VERIFIED Terms in this set (50) Which one of the following best explains why producers should be alert to changes in clients' loss exposures? A. Implemented risk management techniques may prove to be ineffective or become obsolete. B. Knowledge of such changes will inform their efforts to create a list of experts that can be called to assist. C. Producers can aid clients in developing risk management cost allo...

AINS 101 EXAM 2025 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST RELEASE Terms in this set (78) The two main sectors of the insurance industry are Property-casualty insurance and life-health insurance. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a Contract of utmost good faith. Earned premiums are shown on an insurer's income statement because ...

AINS 101 EXAM ACTUAL QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS LATEST RELEASE 2025 Terms in this set (112) 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 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,"...

AINS 101: PRACTICE QUESTIONS WITH 100% CORRECT ANSWERS { GRADED A+} Which one of the following best describes the concept of pooling? - The concept of pooling is that insureds share the cost of each other's 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? - Wh...

AINS 101 Exam Prep 2024 | 100% Correct Answers | Verified | Latest 2024 Version 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 br...

AINS 101 Exam Questions & Answers | 100% Correct Answers | Verified | Latest 2024 Version The two main sectors of the insurance industry are Property-casualty insurance and life-health insurance. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a Contract of utmost good faith. Earned premiums are shown on an insurer's income statement because they are Revenues Destructive...

AINS 101 Practice Questions | 100% Correct Answers | Verified | Latest 2024 Version Which one of the following best describes the concept of pooling? - The concept of pooling is that insureds share the cost of each other's 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...

A. Propose the general liability coverage at a lower premium level, but apply a small deductible. B. Offer a proposal with all lines of coverage except the general liability coverage.