AINS 102 EXAMS SCRIPT 2026 QUESTIONS AND
ANSWERS RATED A+
✔✔Marcus is buying insurance for his recent home purchase that will be covered by a
DP-3 policy. In reading his policy, which one of the following will Marcus find is true?
Select one:
A. Marcus needs to add an endorsement to the DP-3 to cover personal property
damage.
B. The DP-3 provides named perils coverage for the dwelling and personal property.
C. Marcus wants to add a theft endorsement to his DP-3 to cover personal property
damage caused by burglars.
D. The DP-3 excludes coverage for theft of property that isn't part of the covered
structure. - ✔✔D. The DP-3 excludes coverage for theft of property that isn't part of the
covered structure.
✔✔Which one of the following is true when comparing the DP-3 and the HO-3 policies?
Select one:
A. Like the HO-3, the DP-3's Coverage C—Personal Property includes coverage for
money.
B. Coverage A—Dwelling is provided to both the HO-3 and DP-3 at the residence
premises.
C. Like the HO-3, grave markers are covered by the DP-3's Coverage B—Other
Structures.
D. Coverage D and Coverage E in the DP-3 are similar to the HO-3's Loss of Use
Coverage. - ✔✔D. Coverage D and Coverage E in the DP-3 are similar to the HO-3's
Loss of Use Coverage.
✔✔The "Write Your Own" (WYO) flood insurance program allows
Select one:
A. Insureds to purchase flood coverage without an agent or representative.
B. Insureds to carry flood coverage regardless of the property's location.
C. Participating Insurers write flood insurance using National Flood Insurance Program
guidelines.
,D. Insureds to tailor flood coverage to their own specific needs. - ✔✔C. Participating
Insurers write flood insurance using National Flood Insurance Program guidelines.
✔✔Westgrove is in the initial phase of its community's participation in the National Flood
Insurance Program (NFIP), during which property owners are allowed to purchase
limited amounts of insurance at subsidized rates. This is known as
Select one:
A. The regular program.
B. The emergency program.
C. The "Write-Your-Own" flood insurance program.
D. A beachfront or windstorm plan. - ✔✔B. The emergency program.
✔✔Roger and Sarah sold their house and plan to travel around the world for one year.
They placed their furniture and appliances in storage and will take luggage and cameras
on their trip. Sarah will travel with her diamond engagement ring. Jeff, their insurance
agent, canceled their homeowners policy soon after the house was sold.
Which one of the following types of personal inland marine forms should Jeff
recommend to Roger and Sarah to best protect Sarah's diamond ring during the trip?
Select one:
A. Personal Articles Standard Loss Settlement Form
B. Personal Property Form
C. Personal Property Replacement Cost Loss Settlement Endorsement
D. Tenant Homeowners Form - ✔✔B. The emergency program.
✔✔The Personal Effects Form is specifically designed for
Select one:
A. Frequent travelers.
B. Homeowners.
C. Salespersons.
D. Financial institutions. - ✔✔A. Frequent travelers.
✔✔Lynne purchased a 52-foot motorboat and would like to cover it for physical damage
and liability coverage. Lynne most likely will purchase a(n)
Select one:
A. HO-3 policy.
B. Personal auto policy.
C. Yacht policy.
D. Small boat policy. - ✔✔C. Yacht policy.
✔✔Which one of the following is a warranty that is likely to be required by an insurer
that underwrites a boatowners or yacht policy?
Select one:
A. Uninsured boaters
B. Contractual liability
C. Seaworthiness
, D. Transportation - ✔✔C. Seaworthiness
✔✔Marcia and Harold Regan are speaking with their agent Jose about their current
coverages and anticipated needs for the future. Harold wants to learn more about the
costs and details of a personal umbrella policy. The primary reason for Jose selling a
personal umbrella policy to Marcia and Harold is to provide
Select one:
A. Worldwide coverage.
B. Broad coverage with no exclusions.
C. High liability coverage limits.
D. High property coverage limits. - ✔✔C. High liability coverage limits.
✔✔Personal umbrella policies usually cover the insured's liability for personal injury.
Under the Personal Umbrella Liability Policy, which one of the following is included
under the definition of personal injury?
Select one:
A. Malicious prosecution
B. Assault and battery intentionally committed
C. Workers compensation
D. Bodily harm - ✔✔A. Malicious prosecution
✔✔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. Providing smart devices to insured homeowners will not prevent losses, but rather
lower claim payments.
C. Tech-driven insurance platforms offer very different types of property insurance than
traditional insurers.
D. Startups do best when they quickly break into a new market and exclusively focus on
established customers. - ✔✔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. The Thomas' peer-to-peer group began on a local level and now has proven it can
easily and quickly achieve a countrywide presence.
B. Peer-to-peer insurance offers the novel insurance approaches of self-selection of
pool members and how to manage excess funds.
C. Because of the consistent and reliable pool of funds, reinsurance will not usually be
needed for this type of insurance.
ANSWERS RATED A+
✔✔Marcus is buying insurance for his recent home purchase that will be covered by a
DP-3 policy. In reading his policy, which one of the following will Marcus find is true?
Select one:
A. Marcus needs to add an endorsement to the DP-3 to cover personal property
damage.
B. The DP-3 provides named perils coverage for the dwelling and personal property.
C. Marcus wants to add a theft endorsement to his DP-3 to cover personal property
damage caused by burglars.
D. The DP-3 excludes coverage for theft of property that isn't part of the covered
structure. - ✔✔D. The DP-3 excludes coverage for theft of property that isn't part of the
covered structure.
✔✔Which one of the following is true when comparing the DP-3 and the HO-3 policies?
Select one:
A. Like the HO-3, the DP-3's Coverage C—Personal Property includes coverage for
money.
B. Coverage A—Dwelling is provided to both the HO-3 and DP-3 at the residence
premises.
C. Like the HO-3, grave markers are covered by the DP-3's Coverage B—Other
Structures.
D. Coverage D and Coverage E in the DP-3 are similar to the HO-3's Loss of Use
Coverage. - ✔✔D. Coverage D and Coverage E in the DP-3 are similar to the HO-3's
Loss of Use Coverage.
✔✔The "Write Your Own" (WYO) flood insurance program allows
Select one:
A. Insureds to purchase flood coverage without an agent or representative.
B. Insureds to carry flood coverage regardless of the property's location.
C. Participating Insurers write flood insurance using National Flood Insurance Program
guidelines.
,D. Insureds to tailor flood coverage to their own specific needs. - ✔✔C. Participating
Insurers write flood insurance using National Flood Insurance Program guidelines.
✔✔Westgrove is in the initial phase of its community's participation in the National Flood
Insurance Program (NFIP), during which property owners are allowed to purchase
limited amounts of insurance at subsidized rates. This is known as
Select one:
A. The regular program.
B. The emergency program.
C. The "Write-Your-Own" flood insurance program.
D. A beachfront or windstorm plan. - ✔✔B. The emergency program.
✔✔Roger and Sarah sold their house and plan to travel around the world for one year.
They placed their furniture and appliances in storage and will take luggage and cameras
on their trip. Sarah will travel with her diamond engagement ring. Jeff, their insurance
agent, canceled their homeowners policy soon after the house was sold.
Which one of the following types of personal inland marine forms should Jeff
recommend to Roger and Sarah to best protect Sarah's diamond ring during the trip?
Select one:
A. Personal Articles Standard Loss Settlement Form
B. Personal Property Form
C. Personal Property Replacement Cost Loss Settlement Endorsement
D. Tenant Homeowners Form - ✔✔B. The emergency program.
✔✔The Personal Effects Form is specifically designed for
Select one:
A. Frequent travelers.
B. Homeowners.
C. Salespersons.
D. Financial institutions. - ✔✔A. Frequent travelers.
✔✔Lynne purchased a 52-foot motorboat and would like to cover it for physical damage
and liability coverage. Lynne most likely will purchase a(n)
Select one:
A. HO-3 policy.
B. Personal auto policy.
C. Yacht policy.
D. Small boat policy. - ✔✔C. Yacht policy.
✔✔Which one of the following is a warranty that is likely to be required by an insurer
that underwrites a boatowners or yacht policy?
Select one:
A. Uninsured boaters
B. Contractual liability
C. Seaworthiness
, D. Transportation - ✔✔C. Seaworthiness
✔✔Marcia and Harold Regan are speaking with their agent Jose about their current
coverages and anticipated needs for the future. Harold wants to learn more about the
costs and details of a personal umbrella policy. The primary reason for Jose selling a
personal umbrella policy to Marcia and Harold is to provide
Select one:
A. Worldwide coverage.
B. Broad coverage with no exclusions.
C. High liability coverage limits.
D. High property coverage limits. - ✔✔C. High liability coverage limits.
✔✔Personal umbrella policies usually cover the insured's liability for personal injury.
Under the Personal Umbrella Liability Policy, which one of the following is included
under the definition of personal injury?
Select one:
A. Malicious prosecution
B. Assault and battery intentionally committed
C. Workers compensation
D. Bodily harm - ✔✔A. Malicious prosecution
✔✔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. Providing smart devices to insured homeowners will not prevent losses, but rather
lower claim payments.
C. Tech-driven insurance platforms offer very different types of property insurance than
traditional insurers.
D. Startups do best when they quickly break into a new market and exclusively focus on
established customers. - ✔✔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. The Thomas' peer-to-peer group began on a local level and now has proven it can
easily and quickly achieve a countrywide presence.
B. Peer-to-peer insurance offers the novel insurance approaches of self-selection of
pool members and how to manage excess funds.
C. Because of the consistent and reliable pool of funds, reinsurance will not usually be
needed for this type of insurance.
