AINS102 Exam Practice Questions and Answers- Updated 2024
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Course
2024/2025
Institution
2024/2025
AINS102 Exam Practice Questions and
Answers- Updated 2024
All of the following items are examples of personal property, EXCEPT:
Select one:
A. A diamond wedding ring
B. A set of cookware
C. A fishing boat
D. A detached garage - Answer-D
Which one of the following statements regarding assets...
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
Under the tort liability system, injured accident victims must prove that
Select one:
A. Another party was at fault before they can collect damages.
B. They are unable to purchase insurance from another source before they can collect damages.
C. The insurance limits they have purchased are equal to or greater than the state minimum
limits before they can collect damages.
D. They have met the financial responsibility laws of the state before they can collect damages. -
Answer✔✔-A
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