Ains commercial insurance Study guides, Class notes & Summaries

AINS 103 Study Guide (Latest 2023/ 2024 Update) Exploring Commercial Insurance | Complete with Questions and Verified Answers| 100% Correct| Grade A Q: Marine insurance includes both ocean and inland marine coverage in the U.S. only Answer: TRUE Q: Disease thought to be caused by work or the work environment. Answer: Occupational disease Q: A description of the property insured would be located on the ________ _____ of a CPP Answer: Declarations page Q: ...

AINS 103 (Latest 2023/ 2024 Update) Exploring Commercial Insurance Exam Practice Questions and Verified Answers| 100% Correct| Grade A Q: Joe Motors, which services automobiles, wants to maintain the goodwill of its customers. This is best accomplished by Select one: A. Purchasing garage liability insurance. B. Purchasing garage keepers insurance. C. Lowering the physical damage deductible under its business auto insurance. D. Raising liability limits under its business auto insurance. ...

AINS 103 Exploring Commercial Insurance Latest Update Actual Exam Questions and 100% Verified Correct Answers Verified by Professor

AINS 103 (New 2023/ 2024 Update) Exploring Commercial Insurance Exam Review _ Questions and Verified Answers_ 100% Correct_ Graded A QUESTION Jenn is a producer for Goshen Mutual. She is trying to determine if a new prospect, Mr. Cooper's Café is eligible for the businessowners policy (BOP). Mr. Cooper's Café is a small restaurant located on the first floor of an office building, serving only breakfast and lunch. Cooking on the premises is limited to coffee makers, a grill, and...

AINS 103 Ch.1, Ains 103 Ch.2, Ains 103 ch.3, Ains 103 Ch.4, AINS 103 Ch.5, Ains 103 Ch. 6 Combined Sets Questions With Correct Verified Answers Commercial property loss exposures - ANSWER any condition that presents the possibility that an organization will sustain a loss resulting from damage or theft of its prop What is the most important elements of commerical property loss exposures that matter the most to insurance prof - ANSWER causes of loss, property exposed to loss, fina...

AINS 101 EXAM 2024 | QUESTION WITH 100 % CORRECT DETAILED ANSWERS | VERIFIED|A+ GRADE Which of the following is an example of a legal requirement for individuals that could be met through insurance? • Obtaining personal auto insurance The concepts of Risk, Transfer and Pooling form the basis of insurance. Transfers the risk to the insurer Typical Insurance Needs: Personal & Commercial policies if someone has a business and house or cars. Personal Insurance: • Property Insurance • Liab...

AINS 103 EXPLORING COMMERCIAL INSURANCE

AINS Quiz | 713 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+ Umbrella liability policies almost always provide excess coverage over several primary policies while include all of the following, EXCEPT: - Commercial general liability - Auto liability - Replacement liability - Employers liability - Replacement liability The coverage that an umbrella liability policy provides for claims not covered at all by the underlying policies is called - Drop-down coverage ...

AINS 101 Exam; Questions and Answers 100% Solved Risk Correct answer Which one of the following represents uncertainty about outcomes that can be negative or positive? Insureds share the cost of each other's losses. Correct answer Which one of the following best describes the concept of pooling? Personal property-casualty insurance policy. Correct answer A homeowners policy is a type of Select one: Commercial crime insurance. Correct answer Coverage for money and other business p...

AINS 21 Practice Exam Questions and Answers Rated A+ 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 in...