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AINS 101 Exam Prep Questions With 100% Correct Answers

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 Prep Questions and Answers 1: What does AINS stand for in the context of insurance? - correct answer - AINS stands for Associate in General Insurance. 2: What is the primary focus of the AINS 101 exam? - correct answer - The primary focus of the AINS 101 exam is to test knowledge on insurance principles, practices, and policies. 3: What is risk management in insurance? - correct answer - Risk management is the process of identifying, assessing, and controlling threat...

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AINS 101 EXAM PREP QUESTIONS AND ANSWERS

AINS 101 Exam Prep Question and answers verified to pass Loss exposure - correct answer any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium - correct answer the price of the insurance coverage provided for a specified period Indemnify - correct answer to restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured - correct answer any person or organization who...

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AINS 101 EXAM PREP|378 QUESTIONS WITH COMPLETE SOLUTIONS 2024 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, ...