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AINS 101 Questions and Answers 2024 / 2025 (Verified Answers by Expert) $12.99   Add to cart

Exam (elaborations)

AINS 101 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

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AINS 101 Questions and Answers 2024 / 2025 (Verified Answers by Expert) AINS 101 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

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  • August 2, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AINS 101
  • AINS 101
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AINS 101.pdf file:///C:/Users/HP/Desktop/eewwww/AINS%20101




AINS 101 EXAM



1. 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 allocation plans.

D. Producers have expertise about risk financing through insurance.

ANS A. Im- plemented risk management techniques may prove to be ineffective or become

obsolete.

2. The processing of almost every claim involves which one of the following activities?

A. Engaging an accident scene reconstruction specialist

B. Determining the amount of damages or extent of loss

C. Subrogating

D. Salvaging





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ANS B. Determining the amount of damages or extent of loss

3. Maria is a new producer who wears many hats when forming relationships and then

serving her established customers. In this capacity, which one of the following scenarios

most accurately describes her ongoing work wearing the hat of "claims handler"?

A. Customer Roland directly contacts Maria and she assumes full responsibil- ity for his

claim as she was the first insurance employee to receive the claims information.

B. Juanita directly contacts Maria who sold her a policy to adjust her home- owners

claim; Maria nicely explains she has no further responsibilities after making the sale.

C. Alex directly contacts Maria after a hailstorm damages his new car the day after he

bought a policy from her, and she handles the claim as he is a brand new customer.

D. Veronica directly contacts Maria for guidance on how to report a stolen car, Maria

provides that, and claims rep Sean takes over after an introduction from Maria.

ANS D. Veronica directly contacts Maria for guidance on how to report a stolen car, Maria

provides that, and claims rep Sean takes over after an introduction from Maria.

4. Jessie is a new customer service representative (CSR) at the Winfield Agency.

Jessie usually engages in all the following activities, EXCEPT

Select one







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A. Answering billing inquiries









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B. Explaining coverage

C. Reporting new claims

D. Determining coverage quotes

ANS D. Determining coverage quotes

5. Michael is a commercial lines underwriter. He received a risk control report on a new

business that he had recently written with Laura, one of his produc- ers. After reviewing

the report, Michael contacted Laura to let her know that they needed to process a policy

change request adding a new classification and some exposures to the general liability

policy.These activities are occur- ring during which one of the following steps of the

underwriting process? Select one




A. Determine an appropriate premium

B. Issue required documents

C. Monitor the underwriting decision

D. Evaluate the application

ANS C. Monitor the underwriting decision

6. Earned premiums are the portion of written premiums that Select







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