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AINS 101 Question with Verified 100 % correct answers
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AINS 101 Question with Verified 100 % correct answers 1. The two main sectors of the insurance industry are:Answer: Property-casualty insur- ance 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:Answer: Contract of utmost good faith. 3. Earned premiums are shown on an insurer's income statement because they are:Answer: Revenues 4. Destructive competition in the insurance industry could result in:Answer: Insurance Shortages
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AINS 101
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AINS 101
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