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

AINS 101 Exam Prep and AINS 21 Glossary AINS 21 EXAM 2024 – 2025 LATEST UPDATED 50 QUESTIONS WITH DETAILED ANSWERS

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 Prep Study Guide Solutions Loss exposure - ANSWER-any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium - ANSWER-the price of the insurance coverage provided for a specified period Indemnify - ANSWER-to restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured - ANSWER-any person or organization who is insured under an insurance policy Property-casualty insu...

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? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. C. When her ca...

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? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. C. When her ca...