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AINS 101 EXAM | INSURANCE EXAM CORRECTLY ANSWERED AND RATED A+ | 2024/2025 GUIDE AINS 101 EXAM | INSURANCE EXAM CORRECTLY ANSWERED AND RATED A+ | 2024/2025 GUIDE AINS 101 EXAM | INSURANCE EXAM CORRECTLY ANSWERED AND RATED A+ | 2024/2025 GUIDE

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...

AINS 101 Exam Questions with 100% Correct Answers | Verified One of the reasons for insurance regulation is to prevent destructive competition. In which one of the following scenarios would destructive competition be exhibited? - answerEast Insurance comes up with a new rate structure allowing "preferred customers" discounted policies when they continually renew year after year; East eventually loses needed revenue but is rewarded by its competitors leaving the market. Ling has noticed ...

AINS 101 Exam With 100% Correct Answers Which one of the following statements is correct regarding the benefits provided by insurance? A. Insurance reduces the financial consequences of loss exposures but not the related uncertainty. B. The reduction in losses paid by insurers due to risk control measures benefits individual insureds but not society as a whole. C. Insurance helps reduce the financial burden to society by compensating accident victims. D. The primary role of insurance is ...

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...

AINS 101 EXAM | INSURANCE PRACTICE EXAM QUESTIONS AND ANSWERS RATED A+ | 2024/2025 GUIDE AINS 101 EXAM | INSURANCE PRACTICE EXAM QUESTIONS AND ANSWERS RATED A+ | 2024/2025 GUIDE

AINS 101 Exam Questions with 100% Correct Answers | Verified 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 - answerc. obtaining personal auto insurance A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide coverage for the damage? a. H...

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...

AINS 101 Exam | Associate in Insurance Study Questions and Answers | Rated A+ | 2024/2025 Guide AINS 101 Exam | Associate in Insurance Study Questions and Answers | Rated A+ | 2024/2025 Guide AINS 101 Exam | Associate in Insurance Study Questions and Answers | Rated A+ | 2024/2025 Guide

AINS 101 Exam Questions with 100% Correct Answers | Verified 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 - answerc. obtaining personal auto insurance A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide coverage for the damage? a. H...