AINS 21 Segment A | 70 Questions with 100 % correct
answers | Verified& Updated 2024 | Already Passed
Which one of the following correctly describes a reason for government involvement in
property-casualty insurance? - ✔✔Government programs can meet legitimate public
demands unmet by private insurers.
Which one of the following statements is correct regarding government involvement in
insurance? - ✔✔Federal and state government are involved in insurance to facilitate
compulsory insurance purchases.
State government involvement in Workers Compensation Insurance involves all of the following,
EXCEPT: - ✔✔Providing coverage through insurance pools.
Prompt and professional loss adjustment services are a responsibility of which one of the
following parts of an insurer's organization? - ✔✔The claims function
Which one of the following is the most common reason premium audits are conducted?
- ✔✔The amount of the loss exposure is unknown at the start of the policy period.
Which one of the following best describes what is determined by the insurer's staff review of
applications from prospective insureds? - ✔✔Whether the characteristics of the customer
match the insurer's underwriting criteria.
, Risk control is intended to prevent or reduce losses. When practicing sound risk control, an
organization - ✔✔Is likely to use insurance to treat those loss exposures.
Which one of the following is a typical adjuster activity during the claim handling process? -
✔✔Contacting the insured.
Which one of the following statements is true? - ✔✔Insurance regulators review policies
to determine if they benefit consumers.
What is solvency? - ✔✔The ability of an insurer to meet its obligations as they become due
Destructive competition in the insurance industry could result in - ✔✔Insurance shortages.
Why are insurance regulators concerned about the effects of large catastrophes? -
✔✔Insurers may become insolvent.
Which one of the following is a key focus of states' insurance regulation? - ✔✔Insurer licensing.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.24. You're not tied to anything after your purchase.
