AINS 101 - Increasing Your Insurance IQ Exam Questions with 100% Correct Answers AINS 101 Exam Questions with Complete Answers (100% Accurate) AINS 101 Exam Prep Exam Questions with 100% Correct Answers AINS Practice Exam Review Exam Questions with 100% Correct Answers AINS 22-Exam Questions with 1...
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Actual cash value (ACV) Correct Answer The cost to replace property with new property of like kind and quality less depreciation. Adverse selection Correct Answer Insuring individuals with a high probability of loss at a cost lower than the insurer would normally charge for that risk because it w...
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Add to cartActual cash value (ACV) Correct Answer The cost to replace property with new property of like kind and quality less depreciation. Adverse selection Correct Answer Insuring individuals with a high probability of loss at a cost lower than the insurer would normally charge for that risk because it w...
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 cas...
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Add to cartThe 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 cas...
What is insurance? Correct Answer It's a transfer system, business, and contract. What is a transfer system in insurance? Correct Answer One party (the insured), transfers the risk of financial loss to another party (the insurer). [Essentially, I'm giving the risk of financial loss to someone e...
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Add to cartWhat is insurance? Correct Answer It's a transfer system, business, and contract. What is a transfer system in insurance? Correct Answer One party (the insured), transfers the risk of financial loss to another party (the insurer). [Essentially, I'm giving the risk of financial loss to someone e...
One distinguishing feature between independent agency systems and other marketing systems is the... Correct Answer agency expiration list Foreign Insurer Correct Answer An insurer licensed to operate in a state but incorporated in another state Domestic Insurer Correct Answer An insurer doing ...
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Add to cartOne distinguishing feature between independent agency systems and other marketing systems is the... Correct Answer agency expiration list Foreign Insurer Correct Answer An insurer licensed to operate in a state but incorporated in another state Domestic Insurer Correct Answer An insurer doing ...
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 dir...
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Add to cartExclusive 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 dir...
An occurrence as defined in the HO-3—Special Form (HO-3) is a(n) Choose one answer. A. Claim. B. Loss. C. Accident. D. Event. Correct Answer C. Accident. An occurrence is an accident, including continuous or repeated exposure to substantially the same general harmful conditions. ...
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Add to cartAn occurrence as defined in the HO-3—Special Form (HO-3) is a(n) Choose one answer. A. Claim. B. Loss. C. Accident. D. Event. Correct Answer C. Accident. An occurrence is an accident, including continuous or repeated exposure to substantially the same general harmful conditions. ...
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...
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Add to cartAs 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...
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 ca...
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Add to cartWhich 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 ca...
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