Ains 21 practice exam - Study guides, Class notes & Summaries

AINS 21 practice exam

AINS 21 Practice Exam Questions and Complete Solutions Graded A+

Which one of the following statements is correct regarding the benefits that insurance provides? Select one: A. Insurers are prohibited from investing in such things as research or technological advancements. B. The premiums collected by insurers must be held in cash to be available to pay claims. C. Investment income helps keep insurance premiums at a reasonable level. D. Insurance provides a source of investment funds for insurers but not for insureds. - Answer-C. Investment income helps...

The type of insurance that provides periodic income payments to an insured who is unablbecause of sickness or injury is - Disability ine to work

AINS 21 Practice Exam Tests With 100% Correct And Verified Answers

AINS 21 practice exam 2024/2025 already graded A+

AINS 21 practice exam with 100% correct answers when selecting a distribution channel, which one of the following is important consideration with regard to customer needs and characteristics - answer Which of the following statements is correct regarding characteristics of ideally insurable loss exposures - answerideally, loss exposures should be spread across a large number of similar exposure units within the same period The type of insurance that provides periodic income payments to an...

AINS 21 A Practice Exam | 114 Actual Questions and Answers 100% Correct | Updated 2024

AINS 21 Practice Quiz Test Exam Questions with Verified Answers 1: What does AINS stand for in the context of insurance education? - correct answer - Associate in General Insurance. 2: What is the primary purpose of insurance? - correct answer - To transfer risk from an individual or business to an insurance company. 3: What is a premium in insurance terms? - correct answer - The amount of money an insured pays to an insurer for coverage.

when selecting a distribution channel, which one of the following is important consideration with regard to customer needs and characteristics Which of the following statements is correct regarding characteristics of ideally insurable loss exposures ideally, loss exposures should be spread across a large number of similar exposure units within the same period The type of insurance that provides periodic income payments to an insured who is unable to work because of sickness or injury is D...