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AINS 102 Ch 5 Exam Questions with Answers
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AINS 102 Ch 5 Exam Questions with AnswersAlex and his marketing team are evaluating various new insurance platforms
to provide research to serve their customers better. Which one of the
following best describes what the team has accurately discovered?
Select one:
A. These platforms' differentiation is providing a specialized, tech-driven, and
individual customer response.
B. Tech-driven insurance platforms offer very different types of property
insurance than traditional insurers.
C. Startups do best when they quickly break into a new market and
exclusively focus on established customers.
D. Providing smart devices to insured homeowners will not prevent losses,
but rather lower claim payments. - -A. These platforms' differentiation is
providing a specialized, tech-driven, and individual customer response.
-Christina and Carlos Thomas have decided to place their auto insurance
needs with the Windspring Group, a type of insurance arrangement called
peer-to-peer insurance. Which one of the following will the Thomas family
experience with this situation?
Select one:
A. Because of the consistent and reliable pool of funds, reinsurance will not
usually be needed for this type of insurance.
B. The Thomas' peer-to-peer group began on a local level and now has
proven it can easily and quickly achieve a countrywide presence.
C. Peer-to-peer insurance offers the novel insurance approaches of self-
selection of pool members and how to manage excess funds.
D. Because of the limited but consistent growth of peer-to-peer insurance, a
majority of states have approved the diverse regulatory requirements. - -C.
Peer-to-peer insurance offers the novel insurance approaches of self-
selection of pool members and how to manage excess funds.
-Which one of the following is correct regarding the Transportation Network
Driver Coverage (No Passenger) endorsement and the Limited Transportation
Network Driver Coverage (No Passenger) Endorsement to the personal auto
policy?
Select one:
A. They both exclude coverage when a passenger is occupying the vehicle.
B. They both provide the same coverage, but one requires more premium.
C. They both provide coverage until a passenger enters the vehicle.
D. They both end coverage when an insured accepts a passenger's request. -
-A. They both exclude coverage when a passenger is occupying the vehicle.
-Telematics devices track driving habits and then
Select one:
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