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

AINS 101 Exam Questions and Answers 2024 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 - ANS ️️ 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 - ANS ️️ Contract of adhesion Wh...

AINS 101 EXAM WITH 110+ QUESTIONS AND CORRECT ANSWERS 2024 UPDATE GRADED A+ ACTUAL EXAM

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 adhesion Which one of the following best explains why producers sho...

AINS 101 EXAM LATEST ACTUAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS (VERIFIED ANSWERS) | A+ GRADE 2024

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 AND CORRECT ANSWERS (ALREADY GRADED A+) Which one of the following is part of written premiums? - Answer- Unearned premiums Which one of the following is shown on the balance sheet of an insurer? - Answer- Cash and short-term investments Most of the income an insurer receives is either from underwriting or - Answer- Investments - 2 major sources of insurer income are the sale of insurance (underwriting) and the investment of funds (investment income) Clare is a ...

AINS 101 EXAM QUESTIONS AND ANSWERS

AINS 101 EXAM / 80+ QUESTIONS AND VERIFIED ANSWERS 2023/2024 / GRADED A+. AINS 101 1. The two main sectors of the insurance industry are: Property-casualty insurance and life-health insurance. 2. 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. 3. Earned premiums are shown on an insurer's income statement because they are: Revenues 4. De...

AINS 101 EXAM QUESTIONS WITH ALL CORRECT ANSWERS 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? Select one: A. $1,000 B. $2,000 C. $4,000 D. $8,000 - Answer B. $2,000 Erin has recently graduated from college and relocated to Chicago. She has purchased a car and rented an apartment and now needs to purchase insurance...