Ains 21 Study guides, Class notes & Summaries

AINS 21 practice exam | 349 Actual Complete Questions and Answers 100% Correct | Latest Update 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.

AINS 21 Practice Exam Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

AINS 21 EXAM | 205 Complete Questions and Answers with Verified Solutions | LATEST UPDATE 2024

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 in...

AINS 21 Chapter 1 Latest Update Graded A+ 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? Select one: A. When her car's transmission goes out a month after the warranty expires, Ciara is faced with a $1,100 repair bill. B. Ciara needs her car to get to her job, an...

AINS 21 - Segment A Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

AINS 21 practice exam Questions with 100% Correct Answers | Verified | Updated 2024

AINS 21 Segment B (Chapters 4-6) Rated A+ claim a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant anyone who submits a claim to an insurer first party the insured in an insurance contract third party a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) a person responsible for verifying coverage, determinin...

AINS 21 practice exam 347 Questions and Answers.