AINS 102: Understanding Personal Insurance exam questions with answers 100
AINS 102: Understanding Personal Insurance exam
questions with answers Rated A+
Correct
Incorrect
AINS 102: Understanding Personal Insurance exam questions with answers 100
,AINS 102: Understanding Personal Insurance exam questions with answers 100
Risk control Reinsurance market
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2 of 62
Definition
Interest that may accrue on damages after a judgment has been
entered in a court and before the money is paid.
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Reinsurance Postjudgment interest
Warranty Liability
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3 of 62
Definition
A land motor vehicle or trailer that is not insured for bodily injury
liability, is insured for less than the financial responsibility limits, is a
hit-and-run vehicle, or whose insurer denies coverage or becomes
insolvent.
AINS 102: Understanding Personal Insurance exam questions with answers 100
,AINS 102: Understanding Personal Insurance exam questions with answers 100
Give this one a go later!
Uninsured motor vehicle Named insured motor vehicle
Hit and run motor vehicle Underinsured motor vehicle
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4 of 62
Definition
A monetary award to compensate a victim for losses, such as pain
and suffering, that do not involve specific, measurable expenses.
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General damages Special damages
Other damages Physical damages
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AINS 102: Understanding Personal Insurance exam questions with answers 100
, AINS 102: Understanding Personal Insurance exam questions with answers 100
5 of 62
Definition
A specific cause of loss listed and described in an insurance policy.
Also used to describe policies containing named perils.
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Open perils Named insured
Named peril Broad peril
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Definition
The cause of a loss.
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Telematics Peril
Tort Exposure
AINS 102: Understanding Personal Insurance exam questions with answers 100
AINS 102: Understanding Personal Insurance exam
questions with answers Rated A+
Correct
Incorrect
AINS 102: Understanding Personal Insurance exam questions with answers 100
,AINS 102: Understanding Personal Insurance exam questions with answers 100
Risk control Reinsurance market
Don't know?
2 of 62
Definition
Interest that may accrue on damages after a judgment has been
entered in a court and before the money is paid.
Give this one a go later!
Reinsurance Postjudgment interest
Warranty Liability
Don't know?
3 of 62
Definition
A land motor vehicle or trailer that is not insured for bodily injury
liability, is insured for less than the financial responsibility limits, is a
hit-and-run vehicle, or whose insurer denies coverage or becomes
insolvent.
AINS 102: Understanding Personal Insurance exam questions with answers 100
,AINS 102: Understanding Personal Insurance exam questions with answers 100
Give this one a go later!
Uninsured motor vehicle Named insured motor vehicle
Hit and run motor vehicle Underinsured motor vehicle
Don't know?
4 of 62
Definition
A monetary award to compensate a victim for losses, such as pain
and suffering, that do not involve specific, measurable expenses.
Give this one a go later!
General damages Special damages
Other damages Physical damages
Don't know?
AINS 102: Understanding Personal Insurance exam questions with answers 100
, AINS 102: Understanding Personal Insurance exam questions with answers 100
5 of 62
Definition
A specific cause of loss listed and described in an insurance policy.
Also used to describe policies containing named perils.
Give this one a go later!
Open perils Named insured
Named peril Broad peril
Don't know?
6 of 62
Definition
The cause of a loss.
Give this one a go later!
Telematics Peril
Tort Exposure
AINS 102: Understanding Personal Insurance exam questions with answers 100
