Ains101 - Study guides, Class notes & Summaries
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AINS 101 Exam Questions with 100% Correct Answers | Verified
- Exam (elaborations) • 20 pages • 2024
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AINS 101 Exam Questions with 100% 
Correct Answers | Verified 
One of the reasons for insurance regulation is to prevent destructive competition. In which one of 
the following scenarios would destructive competition be exhibited? - answerEast Insurance 
comes up with a new rate structure allowing "preferred customers" discounted policies when 
they continually renew year after year; East eventually loses needed revenue but is rewarded by 
its competitors leaving the market. 
Ling has noticed ...
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AINS 101 Exam With 100% Correct Answers
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AINS 101 Exam With 100% Correct 
Answers 
Which one of the following statements is correct regarding the benefits provided by insurance? 
A. Insurance reduces the financial consequences of loss exposures but not the related 
uncertainty. 
B. The reduction in losses paid by insurers due to risk control measures benefits individual 
insureds but not society as a whole. 
C. Insurance helps reduce the financial burden to society by compensating accident victims. 
D. The primary role of insurance is ...
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AINS 101 | 112 Question with 100 % correct answers | Verified| Updated 2024-2025
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AINS 101 | 112 Question with 100 % correct answers | Verified| Updated 
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 
Direct writer marketing system 
Because the insurance company usually determines policy wording and the insured 
has little choice but to "take it or leave it," an insurance contract is a 
Contract of a...
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AINS 101 Exam Questions with 100% Correct Answers | Verified
- Exam (elaborations) • 46 pages • 2024
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AINS 101 Exam Questions with 100% 
Correct Answers | Verified 
Which of the following is an example of a legal requirement for individuals that could be met 
through insurance? 
a. contributing to the growth of the organization 
b. paying for losses 
c. obtaining personal auto insurance 
d. providing a source of investment funds - answerc. obtaining personal auto insurance 
A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide 
coverage for the damage? 
a. H...
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AINS 101 Exam Prep| Answered 100% Correctly| Latest 2024-2025
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AINS 101 Exam Prep| Answered 100% Correctly| Latest 
Loss exposure 
any condition or situation that presents a possibility of loss, whether or not an actual loss occurs 
Premium 
the price of the insurance coverage provided for a specified period 
Indemnify 
to restore a party who has sustained a loss to the same financial position that party held before 
the loss occurred 
Insured 
any person or organization who is insured under an insurance policy 
Property-casualty insurance 
one of the two...
Too much month left at the end of the money?
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AINS 101 Exam Questions with 100% Correct Answers | Verified
- Exam (elaborations) • 46 pages • 2024
- Available in package deal
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- $14.49
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AINS 101 Exam Questions with 100% 
Correct Answers | Verified 
Which of the following is an example of a legal requirement for individuals that could be met 
through insurance? 
a. contributing to the growth of the organization 
b. paying for losses 
c. obtaining personal auto insurance 
d. providing a source of investment funds - answerc. obtaining personal auto insurance 
A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide 
coverage for the damage? 
a. H...
-
A & P2 Straighterline Final Exam Questions And Answers / Straighterline Anatomy And Physiology 2024
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A & P2 Straighterline Final Exam Questions 
And Answers / Straighterline Anatomy And 
Physiology 2024 
When erythrocytes are destroyed, which of the following events occurs? - answerThe globin 
portion of the molecule is broken down into amino acids. 
Type AB blood - answerhas both A and B antigens on the red cells 
In the platelet release reaction, - answerADP and thromboxanes stimulate other platelets to 
become activated. 
The hematocrit is - answerd. the percentage of RBCs in a given volume ...
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AINS 101: Practice Questions and Answers (Graded A+)
- Exam (elaborations) • 11 pages • 2024
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AINS 101: Practice Questions and Answers 
(Graded A+) 
Joe and Helene are married with two teenage children and two dogs. They own three cars and a 
large house with a swimming pool in the back yard. Their insurance agent advised them that the 
pool, teenage drivers, and dogs put them at risk for large liability losses. Which one of the 
following personal property-casualty insurance policies would provide them with protection for 
their high potential for large liability losses? - answerA. Pers...
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AINS 101: Practice Questions and Answers (Graded A+) Latest and Updated
- Exam (elaborations) • 11 pages • 2024
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AINS 101: Practice Questions and Answers 
(Graded A+) Latest and Updated 
Which one of the following best describes the concept of pooling? - answerThe concept of 
pooling is that insureds share the cost of each other's losses 
As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, 
her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash 
flows. Which one of the following examples best illustrates Mehmet's point? - an...
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AINS 101 - Increasing Your Insurance IQ Exam Questions And Answers
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AINS 101 - Increasing Your Insurance IQ 
Exam Questions And Answers 
Which of the following represents uncertainty about outcomes that can be negative or positive? - 
answerRisk 
The primary role of insurance is to - answerIndemnify individuals and organizations for 
covered losses. 
The insurance agent suggested that Sally's Snack Shop buy a policy that combines property, 
crime, and liability coverage into one policy. This is referred to as as a(n) - 
answerCommercial package policy (CPP) 
Co...
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