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AINS 102 EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. $24.49   Add to cart

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AINS 102 EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+.

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AINS 102 EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. AINS 102 EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. AINS 102 EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS )...

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  • September 15, 2024
  • 63
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AINS 102
  • AINS 102
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nyagajoseph539
AINS 102 EXAM 2024-2025 |ACTUAL COMPLETE QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+.


Patrick's car is 12 years-old and has been driven for over 100,000
miles. He has decided that instead of continuing to pay insurance
premium for coverage for property damage to his car, he will put the
money aside to save for a new car.
Which one of the following risk management techniques is Patrick
using?
Select one:
A. Diversification
B. Retention
C. Avoidance
D. Loss reduction - ANSWER-B


Which one of the following statements regarding assets exposed to
loss is true?
Select one:
A. Real property includes intangible property.
B. Earthquake damage to a swimming pool is an example of a

personal property exposure.
C. Personal property includes only tangible property.
D. Lightning damage to a tree is an example of a real property loss
exposure. -
ANSWER-D


Which one of the following is a form of compensatory damages?
Select one:

,A. Punitive damages
B. Special damages
C. Exemplary damages
D. Real damages - ANSWER-B


All of the following could lead to a liability loss for a family, EXCEPT:
Select one:
A. A guest slips on an icy sidewalk in front of the family's home and

breaks his leg.
B. The son, who is 13 years old, throws a rock at a classmate who

requires stitches for an injury to his head.
C. The father trips on a broom he left lying in the driveway and breaks
his arm.
D. The daughter, who is 16 years old, sideswipes a neighbor's car and

dents its fender while driving her own car. - ANSWER-C


States A, B, C, and D have addressed the problem of compensating
auto accident victims differently. Which one of the following most
accurately describes the way that states are handling this issue?
Select one:
A. State B has enacted a financial responsibility law that requires
auto owners to carry auto liability insurance at least equal to certain
minimum limits.
B. State A, unlike most states, has enacted a compulsory auto
insurance law, requiring motorists to provide proof they have some
means to pay for auto accident damages.

,C. State D, a no-fault state, has enacted auto insurance covering
accident victims on a first-party basis, usually applying to bodily
injury and not to property damage.
D. State C, a no-fault state, has enacted auto insurance covering
accident victims on a first-party basis, usually applying both to bodily
injury and to property damage. - ANSWER-C


Which one of the following statements is true regarding
automobile insurance rating? Select one:
A. State regulators require that all insurers offer discounts on auto

rates for passive restraints.
B. Most insurers base automobile rates on primary rating factors and

do not consider any other factors in establishing rates.

C. State regulators require that rates be adequate, reasonable, and not

unfairly discriminatory.
D. Drivers with lower-than-average loss exposure are charged higher
rates. -
ANSWER-C


Which one of the following is true regarding the use of technology in
home risk management?
Select one:
A. Data gathered from sensors is used by insurers for personalized
pricing and claims handling.
B. Smart devices in the home have reaffirmed the need for existing
claims data to assess risk.

, C. Technology is more prevalent, abundant, and useful in homes
than in automotive environments.
D. Sensors are generally regarded as useful in loss prevention, but
not in loss reduction. - ANSWER-A


Rick and Jamie have chosen their first home and now are asking their
insurance agent Franklin to help advise them as to appropriate and
affordable insurance coverage. Which one of the following will most
accurately reflect the best coverage choice for Rick and Jamie?
Select one:
A. As Rick and Jamie will be buying a mansion, Franklin suggests an

HO-5 comprehensive form as it provides the highest dollar amounts
of any coverage available.
B. As Rick and Jamie are buying and remodeling an older home,

Franklin suggests an HO-8 modified coverage form to provide
appropriate coverage for a building with a comparatively high
replacement cost.
C. As Rick and Jamie will be renting an apartment for a few years,

Franklin suggests an HO-2 broad form as they will not need any
dwelling coverage.

D. As Rick and Jamie are buying a residential condo, Franklin

suggests the HO-3
special form as they will be needing limited dwelling cove - ANSWER-
B

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