AINS 101 Exam | Associate in
Insurance Study Questions and
Answers | Rated A+ | 2024/2025
Guide
Which one of the following best explains why producers should be alert
to changes in clients' loss exposures?
A. Implemented risk management techniques may prove to be
ineffective or become obsolete.
B. Knowledge of such changes will inform their efforts to create a list of
experts that can be called to assist.
C. Producers can aid clients in developing risk management cost
allocation plans.
D. Producers have expertise about risk financing through insurance. -
Correct Answer - A. Implemented risk management techniques may
prove to be ineffective or become obsolete.
The processing of almost every claim involves which one of the following
activities?
A. Engaging an accident scene reconstruction specialist
B. Determining the amount of damages or extent of loss
C. Subrogating
D. Salvaging - Correct Answer - B. Determining the amount of damages
or extent of loss
Maria is a new producer who wears many hats when forming
relationships and then serving her established customers. In this
capacity, which one of the following scenarios most accurately describes
her ongoing work wearing the hat of "claims handler"?
, A. Customer Roland directly contacts Maria and she assumes full
responsibility for his claim as she was the first insurance employee to
receive the claims information.
B. Juanita directly contacts Maria who sold her a policy to adjust her
homeowners claim; Maria nicely explains she has no further
responsibilities after making the sale.
C. Alex directly contacts Maria after a hailstorm damages his new car the
day after he bought a policy from her, and she handles the claim as he is
a brand new customer.
D. Veronica directly contacts Maria for guidance on how to report a
stolen car, Maria provides that, and claims rep Sean takes over after an
introduction from Maria. - Correct Answer - D. Veronica directly contacts
Maria for guidance on how to report a stolen car, Maria provides that,
and claims rep Sean takes over after an introduction from Maria.
Jessie is a new customer service representative (CSR) at the Winfield
Agency. Jessie usually engages in all the following activities, EXCEPT:
Select one:
A. Answering billing inquiries
B. Explaining coverage
C. Reporting new claims
D. Determining coverage quotes - Correct Answer - D. Determining
coverage quotes
Michael is a commercial lines underwriter. He received a risk control
report on a new business that he had recently written with Laura, one of
his producers. After reviewing the report, Michael contacted Laura to let
her know that they needed to process a policy change request adding a
new classification and some exposures to the general liability policy.
These activities are occurring during which one of the following steps of
the underwriting process?
Select one:
A. Determine an appropriate premium
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 nursehailey. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.29. You're not tied to anything after your purchase.
