Ains 21 Study guides, Class notes & Summaries
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AINS 21 EXAM LATEST UPDATED GRADED A +
- Exam (elaborations) • 60 pages • 2024
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AINS 21 EXAM LATEST UPDATED GRADED A +
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AINS 21 practice exam graded A 2024
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AINS 21 practice exam graded A 2024
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AINS 21 - Segment A with Complete Solutions
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AINS 21 - Segment A with Complete Solutions
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AINS 21 | 276 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+
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AINS 21 | 276 Questions with 100 % correct answers | 
Verified& Updated 2024 Graded A+ 
Loss Exposure - Any condition or situation that presents a possibility of loss, whether or not 
an actual loss occurs. 
Risk Management - The process of making and implementing decisions that will minimize 
the adverse effects of accidental losses on an organization 
Loss Prevention - A risk control technique that reduces the frequency of a particular loss 
Loss Reduction - A risk control technique that reduc...
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AINS 21 Exam | 276 Questions And Answers Already Graded A+
- Exam (elaborations) • 27 pages • 2023
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Loss Exposure - Any condition or situation that presents a possibility of loss, whether or not an 
actual loss occurs. 
Risk Management - The process of making and implementing decisions that will minimize the 
adverse effects of accidental losses on an organization 
Loss Prevention - A risk control technique that reduces the frequency of a particular loss 
Loss Reduction - A risk control technique that reduces the severity of a particular loss 
Exposure Unit - A fundamental measure of the loss ...
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AINS 21 Segment B (Chapters 4-6) Questions and Answers 100% Correct
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AINS 21 Segment B (Chapters 4-6) Questions and Answers 100% Correct
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AINS 21 - Segment A | 137 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed
- Exam (elaborations) • 45 pages • 2024
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AINS 21 - Segment A | 137 Questions with 100 % 
correct answers | Verified& Updated 2024 | Already 
Passed 
From a risk management viewpoint, insurance is used to A. Prevent the cost of losses 
B. Reduce the cost of losses 
C. Transfer the cost of losses 
D. Isolate the cost of losses. - C. Transfer the cost of losses. 
A loss exposure is: 
A. Any condition that presents the possibility of a loss. 
B. Any condition that precludes the chance of loss. 
C. The same thing as a peril. 
D. The same th...
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AINS 21 Exam All Possible Questions and Answers with complete solution
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What is insurance? - Answer-It's a transfer system, business, and contract. 
What is a transfer system in insurance? - Answer-One party (the insured), transfers the risk of 
financial loss to another party (the insurer). [Essentially, I'm giving the risk of financial loss to 
someone else so that I can keep my financial standing.] 
What are covered losses? - Answer-These are costs that insurers pay for and are in the contract that 
both parties agree to in the beginning (wind damage, car accid...
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AINS 21 - SEGMENT A EXAM 2024 WITH 100% ACCURATE SOLUTIONS
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From a risk management viewpoint, insurance is used to A. Prevent the cost of losses 
B. Reduce the cost of losses 
C. Transfer the cost of losses 
D. Isolate the cost of losses. - ANSWER ☑☑C. Transfer the cost of losses. 
 
A loss exposure is: 
A. Any condition that presents the possibility of a loss. 
B. Any condition that precludes the chance of loss. 
C. The same thing as a peril. 
D. The same thing as a hazard. - ANSWER ☑☑A. Any condition that present the possibility of a loss. 
...
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AINS 21 - Segment A | 137 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed
- Exam (elaborations) • 45 pages • 2024
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AINS 21 - Segment A | 137 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed 
From a risk management viewpoint, insurance is used to A. Prevent the cost of losses 
B. Reduce the cost of losses 
C. Transfer the cost of losses 
D. Isolate the cost of losses. - C. Transfer the cost of losses. 
A loss exposure is: 
A. Any condition that presents the possibility of a loss. 
B. Any condition that precludes the chance of loss. 
C. The same thing as a peril. 
D. The same thin...
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