Ains101 - Study guides, Class notes & Summaries
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package deal for ains101 exam with complete solutions 100% verified
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Package deal for AINS101 Exam Questions with 100% Correct Answers | Verified | Updated 2024
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AINS101 ASSIGNMENT 6 Solved 2024
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AINS101 ASSIGNMENT 6 Solved 2024
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AINS101Assignment 3 Questions and Answers 2024
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AINS101Assignment 3 Questions and Answers 2024
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AINS 101 | 112 Question with 100 % correct answers | Verified| Updated 2024-2025
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AINS 101 | 112 Question with 100 % correct answers | Verified| Updated 
Bill is an insurance producer for and employed by ABC Insurance Company 
(ABC). He represents only ABC when marketing insurance products, and uses an 
administrative staff also employed by ABC. Bill is a producer in the 
Direct writer marketing system 
Because the insurance company usually determines policy wording and the insured 
has little choice but to "take it or leave it," an insurance contract is a 
Contract of a...
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AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated 2024-2025
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AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated 
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 break...
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AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated 2024-2025
- Exam (elaborations) • 91 pages • 2024
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AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated 
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 break...
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AINS 101| 78 Questions and Answers, 100% Correct| Latest 2024-2025
- Exam (elaborations) • 13 pages • 2024
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AINS 101| 78 Questions and Answers, 100% Correct| Latest 
The two main sectors of the insurance industry are 
Property-casualty insurance and life-health insurance. 
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. 
Earned premiums are shown on an insurer's income statement because they are 
Revenues 
Destructive competition in the insurance i...
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AINS 101 Exam Prep| Answered 100% Correctly| Latest 2024-2025
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AINS 101 Exam Prep| Answered 100% Correctly| Latest 
Loss exposure 
any condition or situation that presents a possibility of loss, whether or not an actual loss occurs 
Premium 
the price of the insurance coverage provided for a specified period 
Indemnify 
to restore a party who has sustained a loss to the same financial position that party held before 
the loss occurred 
Insured 
any person or organization who is insured under an insurance policy 
Property-casualty insurance 
one of the two...
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AINS 101| 78 Questions and Answers, 100% Correct| Latest 2024-2025
- Exam (elaborations) • 13 pages • 2024
- Available in package deal
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AINS 101| 78 Questions and Answers, 100% Correct| Latest 
The two main sectors of the insurance industry are 
Property-casualty insurance and life-health insurance. 
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. 
Earned premiums are shown on an insurer's income statement because they are 
Revenues 
Destructive competition in the insurance i...
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