AINS 101 112 2026 FINAL PAPER COMPLETE
QUESTIONS AND ANSWERS FULL SOLUTION
◉ Health Insurance.
Answer: Protects individuals and families from financial losses
caused by sickness and accidents
◉ Personal Property - Casualty Insurance.
Answer: 1. Homeowners
2. Personal Auto
3. Personal Umbrella
◉ Homeowners Insurance.
Answer: Provides protection when people's homes and/or
belongings are damaged or stole and liability coverage situations
such as family dog biting a guest
◉ Personal Auto Insurance.
Answer: If insured is at fault in an accident, provides coverage for
bodily injury to another person or damage to another person's auto
◉ Personal Umbrella Insurance.
,Answer: Provides additional protection for people with a high
potential for large liability losses
◉ Commercial Property - Casualty Insurance.
Answer: 1. Commercial Property
2. Commercial Crime
3. Commercial General Liability
4. Commercial Auto
5. Workers Compensation
6. Commercial Umbrella
◉ Commercial Property Insurance.
Answer: Covers damage to buildings or their contents that results
from fire, vandalism, or other causes of loss
◉ Commercial Crime Insurance.
Answer: Protects against losses from theft of business property and
money, including employee theft
◉ Commercial General Liability Insurance.
Answer: Protects business against its legal liability to others for
bodily injury and property damage
, ◉ Commercial Auto Insurance.
Answer: Covers liability for bodily injury and property damage
caused by the use of the business's autos and also damage to the
business own autos when they are in an accident
◉ Workers Compensation Insurance.
Answer: Covers legally required benefits that business are required
to pay to their employees for job related injuries and illnesses
◉ Commercial Umbrella Insurance.
Answer: Provides additional liability limits beyond those provided
by other commercial policies, protecting a business in the event of a
large liability loss
◉ Private insurers classified by two basic forms of ownership.
Answer: 1. Proprietary = Earn a profit from their owners
2. Cooperative = Provide insurance at minimum cost to owners, who
are policy holders
◉ Common Private Insurers.
Answer: 1. Stock
2. Mutual
3. Surplus Lines
QUESTIONS AND ANSWERS FULL SOLUTION
◉ Health Insurance.
Answer: Protects individuals and families from financial losses
caused by sickness and accidents
◉ Personal Property - Casualty Insurance.
Answer: 1. Homeowners
2. Personal Auto
3. Personal Umbrella
◉ Homeowners Insurance.
Answer: Provides protection when people's homes and/or
belongings are damaged or stole and liability coverage situations
such as family dog biting a guest
◉ Personal Auto Insurance.
Answer: If insured is at fault in an accident, provides coverage for
bodily injury to another person or damage to another person's auto
◉ Personal Umbrella Insurance.
,Answer: Provides additional protection for people with a high
potential for large liability losses
◉ Commercial Property - Casualty Insurance.
Answer: 1. Commercial Property
2. Commercial Crime
3. Commercial General Liability
4. Commercial Auto
5. Workers Compensation
6. Commercial Umbrella
◉ Commercial Property Insurance.
Answer: Covers damage to buildings or their contents that results
from fire, vandalism, or other causes of loss
◉ Commercial Crime Insurance.
Answer: Protects against losses from theft of business property and
money, including employee theft
◉ Commercial General Liability Insurance.
Answer: Protects business against its legal liability to others for
bodily injury and property damage
, ◉ Commercial Auto Insurance.
Answer: Covers liability for bodily injury and property damage
caused by the use of the business's autos and also damage to the
business own autos when they are in an accident
◉ Workers Compensation Insurance.
Answer: Covers legally required benefits that business are required
to pay to their employees for job related injuries and illnesses
◉ Commercial Umbrella Insurance.
Answer: Provides additional liability limits beyond those provided
by other commercial policies, protecting a business in the event of a
large liability loss
◉ Private insurers classified by two basic forms of ownership.
Answer: 1. Proprietary = Earn a profit from their owners
2. Cooperative = Provide insurance at minimum cost to owners, who
are policy holders
◉ Common Private Insurers.
Answer: 1. Stock
2. Mutual
3. Surplus Lines
