AINS 101 SIMULATED EXAM 50 QUESTIONS AND 100%
VERIFIED ANSWERS
Exclusive agency is contracted to sell insurance for one insurer or group of
insurers
The difference between an independent agency and an exclusive agency is that
an
Insurance shortages
Destructive competition in the insurance industry could result in
Veronica directly contacts Maria for guidance on how to report a stolen car,
Maria provides that, and claims rep Sean takes over after an introduction from
Maria
Maria is a new producer who wears many hats when forming relationships and
then serving her established customers. In this capacity, which one of the
following scenarios most accurately describes her ongoing work wearing the hat
of "claims handler"?
Property-casualty insurance and life-health insurance
The two main sectors of the insurance industry are
Moral hazards
Joel is the underwriter for Stanton Industries. He received a notice from the
premium auditor on the account. After a recent visit to the insured's location, the
, auditor wanted to make Joel aware of a decline in the business and some
questionable business practices. Which one of the following types of hazards is
the auditor identifying?
Risk management review
Donna is an insurance producer. She makes an appointment with potential
policyholder Sandie to review her loss exposures. She asks Sandie to complete a
questionnaire to assist her in this effort. Donna is conducting a
Underwriting
Martina, a premium auditor for Cintriell Insurance Company is conducting a
premium audit for Carolina's Cookies. Carolina mentioned to Martina that she is
opening a coffee shop at another location. By sharing this information, Martina
would provide a contribution to which one of the following insurer functions?
Robots
Many auto manufacturers have automated a portion of their assembly lines by
introducing a smart product. The smart product performs repetitive tasks, such
as making the same weld on each vehicle frame as it passes the smart product.
These smart products, which can be fixed or mobile, reduce repetitive motion
injuries. They can also be used to perform dangerous tasks and for heavy-lifting
jobs. These smart products, enabled by artificial intelligence, are called
Besides risk management goals being attainable, they should also pose a
challenge
Riley Turner is performing a comprehensive evaluation of Hardwick
Enterprises to make sure its insurance and risk management efforts are serving
VERIFIED ANSWERS
Exclusive agency is contracted to sell insurance for one insurer or group of
insurers
The difference between an independent agency and an exclusive agency is that
an
Insurance shortages
Destructive competition in the insurance industry could result in
Veronica directly contacts Maria for guidance on how to report a stolen car,
Maria provides that, and claims rep Sean takes over after an introduction from
Maria
Maria is a new producer who wears many hats when forming relationships and
then serving her established customers. In this capacity, which one of the
following scenarios most accurately describes her ongoing work wearing the hat
of "claims handler"?
Property-casualty insurance and life-health insurance
The two main sectors of the insurance industry are
Moral hazards
Joel is the underwriter for Stanton Industries. He received a notice from the
premium auditor on the account. After a recent visit to the insured's location, the
, auditor wanted to make Joel aware of a decline in the business and some
questionable business practices. Which one of the following types of hazards is
the auditor identifying?
Risk management review
Donna is an insurance producer. She makes an appointment with potential
policyholder Sandie to review her loss exposures. She asks Sandie to complete a
questionnaire to assist her in this effort. Donna is conducting a
Underwriting
Martina, a premium auditor for Cintriell Insurance Company is conducting a
premium audit for Carolina's Cookies. Carolina mentioned to Martina that she is
opening a coffee shop at another location. By sharing this information, Martina
would provide a contribution to which one of the following insurer functions?
Robots
Many auto manufacturers have automated a portion of their assembly lines by
introducing a smart product. The smart product performs repetitive tasks, such
as making the same weld on each vehicle frame as it passes the smart product.
These smart products, which can be fixed or mobile, reduce repetitive motion
injuries. They can also be used to perform dangerous tasks and for heavy-lifting
jobs. These smart products, enabled by artificial intelligence, are called
Besides risk management goals being attainable, they should also pose a
challenge
Riley Turner is performing a comprehensive evaluation of Hardwick
Enterprises to make sure its insurance and risk management efforts are serving
