Ains 101 actual exam 2024 - Study guides, Class notes & Summaries

Exclusive agency is contracted to sell insurance for one insurer or group of insurers ️ The difference between an independent agency and an exclusive agency is that an Insurance shortages ️ Destructive competition in the insurance industry could result in 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 ️ Maria is a new producer who wears many hats when forming relations...

AINS 101 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) AGRADE 2024 ACTUAL EXAM

©BRAINBARTER 2024/2025 AINS 101 Exam Questions With Verified Answers Loss Exposure - answerLoss exposure is any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Key Components of Insurance - answerRisk, Transfer, Pooling Risk - answerUncertainty about outcomes; can be positive or negative; insurance alleviates the uncertainty with negative consequences Transfer - answerIf someone has an insurance policy on their property they will have to ...

AINS 101 Exam Question with 100 % correct answers 2024 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. Homeown...

AINS 101 Exam Question with 100 % correct answers 2024 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. Homeown...

AINS 101 Exam Question with 100 % correct answers 2024 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. Homeown...

AINS 101 Exam Prep Question with 100 % correct answers | Verified 2024/2025 Loss exposure - answerany condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium - answerthe price of the insurance coverage provided for a specified period Indemnify - answerto restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured - answerany person or organization who is insured under an insurance...

AINS 101 Exam Prep Question with 100 % correct answers | Verified 2024/2025 Loss exposure - answerany condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium - answerthe price of the insurance coverage provided for a specified period Indemnify - answerto restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured - answerany person or organization who is insured under an insurance...

AINS 101 Exam Prep Question with 100 % correct answers | Verified 2024/2025 Loss exposure - answerany condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium - answerthe price of the insurance coverage provided for a specified period Indemnify - answerto restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured - answerany person or organization who is insured under an insurance...

AINS 101 Exam Questions and Answers – Latest Update 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 - Answer-c. 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. Homeo...