Ains 101 exam new - Study guides, Class notes & Summaries

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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 EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ 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 - CORRECT ANSWER c. obtaining personal auto insurance A fire destroys the kitchen ...

AINS 101 EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 500 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ 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 - CORRECT ANSWER c. obtaining personal auto insurance A fire destroys the kitchen ...

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 EXAM NEWEST ACTUAL EXAM 2025 QUESTIONS AND DETAILED CORRECT ANSWERS | VERIFIED STUDY GUIDE

AINS 101 EXAM NEWEST PRACTICE EXAM 2024 ACTUAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | A+ GRADE STUDYGUIDE

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: ...