2024 ains 101 exam new - Study guides, Class notes & Summaries

2024 AINS 101 Exam New Latest Version Best Studying Material with 500+ Questions from Actual Past Exam and 100% Correct Answers

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...

AINS 101 ACTUAL EXAM 2024 COMPLETE 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!

AINS 101 (New 2023/ 2024 Update) Increasing Your Insurance IQ Exam Prep_ Questions and Verified Answers_ 100% Correct QUESTION Agent Answer: in the agency relationship, the party that is authorized by the principal to act on the principal's behalf QUESTION Agency Answer: a legal, consensual relationship that exists when one party, the agent, acts on behalf of another party, the principal QUESTION Principal Answer: the party in an agency re...

AINS 101 (New 2023/ 2024 Update) Increasing Your Insurance IQ Exam Review_ Questions and Verified Answers_ 100% Correct_ Grade A QUESTION What is insurer solvency? Answer: The ability to meet the obligations when it comes to making payments on claims for insurance policies. QUESTION What is a stock insurer? Answer: a corporation owned by stockholders with the objec- tive of making a profit for them QUESTION What is a mutual insurance company? Answer: ...

AINS 101 EXAM NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ Which one of the following statements is correct regarding the interaction between risk control and other insurer functions? Select one: A. Risk control personnel can assist underwriters in modifying a new applicant's loss exposures to meet eligibility requirements. B. Risk control personnel are responsible for answering any complex questions that insureds have about p...

AINS 101 LATEST 2024 EXAM QUESTIONS AND ANSWERS ALL CORRECT (ALREADY GRADED A+) Which of the following statements is correct regarding the interaction between risk control and other insurer functions - Answer Risk control personnel can assist underwriters in modifying a new applicant's loss exposures to meet eligibility requirements. Insuring individuals with a high probability of loss at a cost lower than the insurer would normally charge for that risk because it wasn't aware of the ...

AINS 101 (Latest 2023/ 2024 Update) Increasing Your Insurance IQ Exam| Questions and Verified Answers| 100% Correct| Grade A Q: Rachel is a new employee of Westley Insurance, and has been asked to review some existing policies to become familiar with the types of policies she will be working with. Which one of the following will Rachel find is true as she conducts her review? Answer: Rachel finds the policy begins with a coverage overview and then goes into more coverage details. ...

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 / 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. Destructive c...