1|Page
AINS 102 EXAM |ACTUAL COMPLETE QUESTIONS
AND CORRECT ANSWERS||VERIFIED EXAM!!!
(VERIFIED ANSWERS) ALREADY GRADED
A+||NEWEST EXAM!!!
Which one of the following statements is true regarding
automobile insurance rating?
Select one:
A. State regulators require that all insurers offer discounts
on auto rates for passive restraints.
B. Most insurers base automobile rates on primary rating
factors and do not consider any other factors in
establishing rates.
C. State regulators require that rates be adequate,
reasonable, and not unfairly discriminatory.
D. Drivers with lower-than-average loss exposure are
charged higher rates. - Answers-C. State regulators
require that rates be adequate, reasonable, and not
unfairly discriminatory.
All of the following are true of the HO-3 Special Form,
EXCEPT:
Select one:
,2|Page
A. The HO-3 is designed for owners who occupy their
dwelling or choose to rent it.
B. The HO-3 meets the property and liability coverage
needs of most families.
C. The HO-3 is typically used as a basis for understanding
other HO coverage forms.
D. The HO-3 can be modified for special needs through
available endorsements. - Answers-A. The HO-3 is
designed for owners who occupy their dwelling or choose
to rent it.
Estelle and Richie are very conservative and want to
purchase insurance to "cover everything" in order to
lessen the worries of home ownership. Which one of the
following ISO forms will provide them dwelling and
personal property insurance with the broadest possible
coverage?
Select one:
A. HO-2 Broad Form
B. HO-3 Special Form
C. HO-5 Comprehensive Form
D. HO-8 Modified Form - Answers-C. HO-5
Comprehensive Form
,3|Page
The Agreement and Definitions page of the Personal Auto
Policy (PAP) includes
Select one:
A. The name of the insurer issuing the policy.
B. A general agreement stating the insurer's duty to pay
damages and defense costs subject to the terms of the
policy.
C. A general agreement stating that the insurer is
providing the coverage subject to payment of premium
and to the terms of the policy.
D. The name and mailing address of the insured. -
Answers-C. A general agreement stating that the insurer is
providing the coverage subject to payment of premium
and to the terms of the policy.
In the Personal Auto Policy (PAP) definitions, "Your
covered auto" includes all of the following classes of
vehicles, EXCEPT:
Select one:
A. A trailer owned by the insured
B. A temporary substitute auto or trailer
C. A newly acquired auto
, 4|Page
D. A trailer rented by the insured - Answers-D. A trailer
rented by the insured
Brendan and Sue were on a road trip along the coast of
California, using Sue's car. One day they were stuck in
terrible traffic while Brendan was driving. He became
angry when another car merged in front of him. A few
minutes later, Brendan deliberately rammed into the car
that had cut in front of him, causing property damage to
the other car. Both Brendan and Sure were surprised to
learn that Sue's Personal Auto Policy (PAP) would not
cover the claim. Which one of the following is the correct
reason why Sue's PAP will not pay the claim for property
damage to the other car?
Select one:
A. Because the Part A insuring agreement excludes
intentional harm.
B. Because Sue's PAP only covers property damage to
her car.
C. Because Brendan, not Sue, was driving the car.
D. Because Brendan's PAP should cover the claim. -
Answers-A. Because the Part A insuring agreement
excludes intentional harm.
AINS 102 EXAM |ACTUAL COMPLETE QUESTIONS
AND CORRECT ANSWERS||VERIFIED EXAM!!!
(VERIFIED ANSWERS) ALREADY GRADED
A+||NEWEST EXAM!!!
Which one of the following statements is true regarding
automobile insurance rating?
Select one:
A. State regulators require that all insurers offer discounts
on auto rates for passive restraints.
B. Most insurers base automobile rates on primary rating
factors and do not consider any other factors in
establishing rates.
C. State regulators require that rates be adequate,
reasonable, and not unfairly discriminatory.
D. Drivers with lower-than-average loss exposure are
charged higher rates. - Answers-C. State regulators
require that rates be adequate, reasonable, and not
unfairly discriminatory.
All of the following are true of the HO-3 Special Form,
EXCEPT:
Select one:
,2|Page
A. The HO-3 is designed for owners who occupy their
dwelling or choose to rent it.
B. The HO-3 meets the property and liability coverage
needs of most families.
C. The HO-3 is typically used as a basis for understanding
other HO coverage forms.
D. The HO-3 can be modified for special needs through
available endorsements. - Answers-A. The HO-3 is
designed for owners who occupy their dwelling or choose
to rent it.
Estelle and Richie are very conservative and want to
purchase insurance to "cover everything" in order to
lessen the worries of home ownership. Which one of the
following ISO forms will provide them dwelling and
personal property insurance with the broadest possible
coverage?
Select one:
A. HO-2 Broad Form
B. HO-3 Special Form
C. HO-5 Comprehensive Form
D. HO-8 Modified Form - Answers-C. HO-5
Comprehensive Form
,3|Page
The Agreement and Definitions page of the Personal Auto
Policy (PAP) includes
Select one:
A. The name of the insurer issuing the policy.
B. A general agreement stating the insurer's duty to pay
damages and defense costs subject to the terms of the
policy.
C. A general agreement stating that the insurer is
providing the coverage subject to payment of premium
and to the terms of the policy.
D. The name and mailing address of the insured. -
Answers-C. A general agreement stating that the insurer is
providing the coverage subject to payment of premium
and to the terms of the policy.
In the Personal Auto Policy (PAP) definitions, "Your
covered auto" includes all of the following classes of
vehicles, EXCEPT:
Select one:
A. A trailer owned by the insured
B. A temporary substitute auto or trailer
C. A newly acquired auto
, 4|Page
D. A trailer rented by the insured - Answers-D. A trailer
rented by the insured
Brendan and Sue were on a road trip along the coast of
California, using Sue's car. One day they were stuck in
terrible traffic while Brendan was driving. He became
angry when another car merged in front of him. A few
minutes later, Brendan deliberately rammed into the car
that had cut in front of him, causing property damage to
the other car. Both Brendan and Sure were surprised to
learn that Sue's Personal Auto Policy (PAP) would not
cover the claim. Which one of the following is the correct
reason why Sue's PAP will not pay the claim for property
damage to the other car?
Select one:
A. Because the Part A insuring agreement excludes
intentional harm.
B. Because Sue's PAP only covers property damage to
her car.
C. Because Brendan, not Sue, was driving the car.
D. Because Brendan's PAP should cover the claim. -
Answers-A. Because the Part A insuring agreement
excludes intentional harm.
