Ains 101 Study guides, Class notes & Summaries

AINS 101 Questions with 100 % verified correct answers 1. 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 2. 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 adhesio...

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 ...

AINS 101 Exam Prep with Complete Solutions 2024

AINS 101 Exam Prep Complete Questions and Answers with Verified Solutions | LATEST UPDATE 2024

AINS 101 Exam Prep with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

AINS 101 Exam Prep Verified Questions And Answers With Verified Solutions

AINS 101 (New 2023/ 2024 Update) Increasing Your Insurance IQ Exam Review_ Questions and Verified Answers_ 100% Correct_ Grade A QUESTION What is insurer solvency? Answer: The ability to meet the obligations when it comes to making payments on claims for insurance policies. QUESTION What is a stock insurer? Answer: a corporation owned by stockholders with the objec- tive of making a profit for them QUESTION What is a mutual insurance company? Answer: ...

AINS 101 Exam – Q’s And A’s (Guaranteed Pass!)

AINS 101 Exam Prep Questions With 100% Verified Answers.

AINS 101 Exam Prep Questions and Answers 100% Pass 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 t...