AINS

AINS 101 EXAM / 80+ QUESTIONS AND VERIFIED ANSWERS 2023/2024 / GRADED A+. AINS 101 1. The two main sectors of the insurance industry are: Property-casualty insurance and life-health insurance. 2. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a: Contract of utmost good faith. 3. Earned premiums are shown on an insurer's income statement because they are: Revenues 4. De...

One distinguishing feature between independent agency systems and other marketing systems is the... - agency expiration list Foreign Insurer - An insurer licensed to operate in a state but incorporated in another state Domestic Insurer - An insurer doing business in the jurisdiction in which it was incorporated Alien Insurer - An insurer domiciled in a country other than the US Direct Response Marketing System - Greatly reduces compensation costs but has higher advertising costs Agency ...

The authority that the principal specifically grants to the agent is contained in the agency contract. This authority is known as Select one: A. Apparent authority. B. Implied authority. C. Express authority. D. Contractual authority. - C In the legal relationship known as agency, which one of the following is the principal? Select one: A. Agent B. Insurer C. Insured D. Third party - B The primary duty of a principal to its agent is to Select one: A. Pay the agent for services per...