AINS 101 Exam Study Guide with
Complete Solutions
Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents
only ABC when marketing insurance products, and uses an administrative staff also employed by
ABC. Bill is a producer in the - Answer-Direct writer mark...
What is Hometown Insurer's loss ratio? - Answer✔✔-75%
Loss Ratio - Answer✔✔-incurred losses divided by its earned premiums
Jessie is a new customer service representative (CSR) at the Winfield Agency. Jessie usually
engages in all the following activities, EXCEPT: - Answer✔✔-Determining coverage quotes
Riley Turner is performing a comprehensive evaluation of Hardwick Enterprises to make sure its
insurance and risk management efforts are serving the organization appropriately. Which one of
the following will be true in regard to this effort? - Answer✔✔-Besides risk management goals
being attainable, they should also pose a challenge.
Rachel is considering investing in the stock of an insurance company. Which one of the following
is likely to provide the best indication of the insurer's financial position at this point in time? -
Answer✔✔-Balance sheet
Balance Sheet - Answer✔✔-provides the best indication of its financial position because it
shows admitted assets, liabilities, and policyholders' surplus at a particular point in time.
Which one of the following is the amount of business an insurer can write based on regulatory
guidelines, usually a comparsion of the insurer's written premiums to the policyholders'
surplus? - Answer✔✔-Capacity
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