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

AINS 101 Exam Questions With Verified Answers Risk control can assist the claims department by - answerProviding laboratory analyses. Sports, Inc. is looking to obtain a commercial property policy on its building for $400,000. If their insurer decides to charge them a rate of $0.50 per $100 of building insurance, what premium must Sports, Inc. pay? - answer$2,000 Which one of the following is the correct formula for calculating an insurer's combined ratio? - answerLoss ratio + expense ra...

AINS 101 Exam Questions With 100% Correct Answers 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 - answerDirect 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 - answerContract of adhesion ...

AINS 101 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) AGRADE 2024 ACTUAL EXAM

AINS 101 EXAM QUESTIONS AND CORRECT SOLUTIONS GRADE A||LATEST UPDATE 2024/2025

AINS 101 Exam Questions & Answers | 100% Correct Answers | Verified | Latest 2024 Version 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 D...

AINS 101 Exam Questions With 100% Correct Answers 2024 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 indust...

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

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 breaks, Ciara has to pay only $100 of the $600 cost of replacing it. C. When her car...

AINS 101 Exam Questions With 100% Correct Answers 2024 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 indust...

AINS 101 ACTUAL EXAM 2024 COMPLETE 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!