AINS 101 SIMULATED EXAM SCRIPT 2026
VERIFIED QUESTIONS AND ANSWERS
WITH EXPERT REVIEW
●● A claim for money damages because of injury to another party or
damage to another party's property best describes.
Answer: A liability loss.
●● Which one of the following statements is true regarding no-fault
automobile insurance?.
Answer: Most no-fault laws apply only to bodily injury and not to
property damage.
●● Sally has an unendorsed HO-3 policy. Sally's swimming pool was
drained by vandals who opened a drain valve. The water was replaced at
a cost of $2,500 to Sally, including labor to deliver and pump the water.
The HO-3 policy.
Answer: Does not cover the cost of the replaced water.
●● Jack and Linda are meeting with their insurance agent to review their
homeowners and auto policies. The agent has suggested that they add an
umbrella policy. Which one of the following is the best reason the agent
will likely provide for purchasing this coverage?.
Answer: To provide increased limits for large jury awards
, ●● Which one of the following is considered real property?.
Answer: A brick storage shed
●● Defense costs coverage is included under Section II—Liability
Coverages in the HO-3 policy. This coverage.
Answer: Is supplemental to the liability limit.
●● In which one of the following ways do Fair Access to Insurance
Requirements (FAIR) plans provide needed support for credit?.
Answer: Provide adequate property insurance coverage.
●● In an HO-3 policy, the definitions.
Answer: Might be different from dictionary definitions.
●● Which one of the following is a key way in which cross-selling
benefits customers?.
Answer: Convenience
●● Usage-based insurance (UBI) is.
Answer: A type of auto insurance in which the premium is based on the
policyholder's driving behavior.
VERIFIED QUESTIONS AND ANSWERS
WITH EXPERT REVIEW
●● A claim for money damages because of injury to another party or
damage to another party's property best describes.
Answer: A liability loss.
●● Which one of the following statements is true regarding no-fault
automobile insurance?.
Answer: Most no-fault laws apply only to bodily injury and not to
property damage.
●● Sally has an unendorsed HO-3 policy. Sally's swimming pool was
drained by vandals who opened a drain valve. The water was replaced at
a cost of $2,500 to Sally, including labor to deliver and pump the water.
The HO-3 policy.
Answer: Does not cover the cost of the replaced water.
●● Jack and Linda are meeting with their insurance agent to review their
homeowners and auto policies. The agent has suggested that they add an
umbrella policy. Which one of the following is the best reason the agent
will likely provide for purchasing this coverage?.
Answer: To provide increased limits for large jury awards
, ●● Which one of the following is considered real property?.
Answer: A brick storage shed
●● Defense costs coverage is included under Section II—Liability
Coverages in the HO-3 policy. This coverage.
Answer: Is supplemental to the liability limit.
●● In which one of the following ways do Fair Access to Insurance
Requirements (FAIR) plans provide needed support for credit?.
Answer: Provide adequate property insurance coverage.
●● In an HO-3 policy, the definitions.
Answer: Might be different from dictionary definitions.
●● Which one of the following is a key way in which cross-selling
benefits customers?.
Answer: Convenience
●● Usage-based insurance (UBI) is.
Answer: A type of auto insurance in which the premium is based on the
policyholder's driving behavior.
