AINS 102 QUESTIONS WITH CORRECT DETAILED
ANSWERS LATEST UPDATE 2024-2025 ACTUAL
EXAM ALREADY GRADED BY EXPERTS
Alex 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. Providing smart devices to insured homeowners will not prevent losses, but rather lower
claim payments.
C. Tech-driven insurance platforms offer very different types of property insurance than
traditional insurers.
D. Startups do best when they quickly break into a new market and exclusively focus on
established customers. - CORRECT ANSWER✔✔A. These platforms' differentiation is providing a
specialized, tech-driven, and individual customer response.
The Transportation Network Driver Coverage (No Passenger) endorsement
Select one:
A. Specifies that coverage does not apply to Part C—Uninsured Motorists Coverage.
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B. Provides coverage when the insured is logged into a transportation network platform until
the driver accepts a passenger's request.
C. Provides coverage without passengers while the driver is logged into a transportation
network platform.
D. Adds a transportation network platform definition. - CORRECT ANSWER✔✔C. Provides
coverage without passengers while the driver is logged into a transportation network platform.
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 end coverage when an insured accepts a passenger's request.
B. They both exclude coverage when a passenger is occupying the vehicle.
C. They both provide the same coverage, but one requires more premium.
D. They both provide coverage until a passenger enters the vehicle. - CORRECT ANSWER✔✔B.
They both exclude coverage when a passenger is occupying the vehicle.
Erin makes custom draperies in the basement of her home. Initially, she made these draperies
for herself and family members, but she began to sell these draperies to a broader audience.
Which one of the following exposures would likely be covered under an unendorsed
homeowners policy should Erin's home be destroyed by a covered peril?
Select one:
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A. The loss of customer data Erin stored on her computer
B. The cost to replace her sewing equipment
C. The loss of income from drapery sales while the home is rebuilt
D. The cost of materials purchased to aid in increasing sales - CORRECT ANSWER✔✔B. The cost
to replace her sewing equipment
Winona now has a picture framing business she conducts from her home, but has never
amended her unendorsed homeowners policy to reflect the business exposures. If her home
were damaged or destroyed by a covered cause of loss, which one of the following would be
covered?
Select one:
A. Disks with information on current customers
B. Framed pictures awaiting customer pickup
C. Framed pictures of Winona's grandchildren
D. Boxes of frames for future jobs - CORRECT ANSWER✔✔C. Framed pictures of Winona's
grandchildren
Which one of the following is a primary basis for a property to be eligible for coverage under
beachfront and windstorm plans?
Select one:
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A. The property must be located in a designated coastal area which has not experienced any
flooding within the past 100 years.
B. The property must be certified by FEMA, eligible for flood insurance and located in a
designated coastal area.
C. The property must be ineligible for coverage in the voluntary market and must be located
within at least 10 miles of a flood plain.
D. The property must be ineligible for coverage in the voluntary market and must be located in
designated coastal areas. - CORRECT ANSWER✔✔D. The property must be ineligible for
coverage in the voluntary market and must be located in designated coastal areas.
Beachfront and windstorm plans are state-sponsored insurance plans whose primary purpose is
to
Select one:
A. Provide flexible coverage to fill gaps in the National Flood Insurance Program's flood
coverages.
B. Provide a state-based alternative to the federally operated flood insurance programs.
C. Restrict construction and limit land use in coastal areas exposed to heavy windstorm losses.
D. Provide property insurance in coastal areas exposed to heavy windstorm losses. - CORRECT
ANSWER✔✔D. Provide property insurance in coastal areas exposed to heavy windstorm losses.
Because they interview the applicant first, see the property or operations to be insured, and
evaluate the loss exposures, the most important primary source of information for the
underwriters is the
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