AINS 102 PRACTICE EXAM
AINS 102 PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW VERSION!!
Rick and Jamie have chosen their first home and now are asking their insurance
agent Franklin to help advise them as to appropriate and affordable insurance
coverage. Which one of the following will most accurately reflect the best
coverage choice for Rick and Jamie?
Select one:
A. As Rick and Jamie are buying and remodeling an older home, Franklin suggests
an HO-8 modified coverage form to provide appropriate coverage for a building
with a comparatively high replacement cost.
B. As Rick and Jamie will be buying a mansion, Franklin suggests an HO-5
comprehensive form as it provides the highest dollar amounts of any coverage
available.
C. As Rick and Jamie will be renting an apartment for a few years, Franklin
suggests an HO-2 broad form as they will not need any dwelling coverage.
D. As Rick and Jamie are buying a residential condo, Franklin suggests the HO-3
special form as they will be needing limited dwelling coverage.
As Rick and Jamie are buying and remodeling an older home, Franklin suggests an
HO-8 modified coverage form to provide appropriate coverage for a building with
a comparatively high replacement cost.
In the auto insurance policy definitions, an eligible private passenger auto, pickup,
or van of which the named insured becomes the owner during the policy period is
a
Select one:
A. Temporary substitute vehicle.
B. Newly acquired auto.
C. Replacement auto.
D. Trailer.
1|Page
, AINS 102 PRACTICE EXAM
B. Newly acquired auto.
Phil, a claim representative, was assigned a claim for an auto theft. He needs to
determine the applicable Other Than Collision deductible for the auto. Which one
of the following sections of the Personal Auto Policy will provide Phil with this
information?
Select one:
A. Part E—Insured Duties Following an Accident or Loss
B. Endorsements section of the Declarations page
C. Part D—Damage to Your Auto Coverage
D. Schedule of Coverages section of the Declarations page
D. Schedule of Coverages section of the Declarations page
Joel is a delivery driver for XYZ Auto Supply. He usually drives the company van,
but one day, since he only had to deliver a small part, Joel used his own car that is
insured with a Personal Auto Policy (PAP). While doing so, Joel was involved in a
two-vehicle accident and a liability claim was made against Joel and XYZ Auto
Supply. Which one of the following is an insured(s) under Joel's PAP in this
situation?
Select one:
A. Joel only
B. None
C. Joel and XYZ Auto Supply
D. XYZ Auto Supply only
C. Joel and XYZ Auto Supply
The medical payments coverage in the Personal Auto Policy (PAP) applies to
Select one:
A. Any person occupying a covered auto.
B. Any insured who is also covered by workers compensation for the same
accident.
2|Page
, AINS 102 PRACTICE EXAM
C. Anyone occupying a car not owned by any insured but driven by an insured.
D. Anyone injured in an accident involving an insured.
A. Any person occupying a covered auto.
The Part B—Medical Payments Coverage of the Personal Auto Policy (PAP)
contains an Other Insurance provision. If two automobile policies from different
insurers cover the same owned vehicle,
Select one:
A. The insurer issuing the policy with the higher limits of liability will make the
determination.
B. The Other Insurance provision will address how to address the particular
situation.
C. The courts will decide how to assess the payment amounts.
D. The first insurer to receive notice of the claim becomes primarily liable.
B. The Other Insurance provision will address how to address the particular
situation.
Uninsured motorist (UM) coverage under the Personal Auto Policy (PAP) does not
apply to a claim that the insured settles without the insurer's consent if such a
settlement prejudices the insurer's right to recover payment. In this context,
"prejudice" means
Select one:
A. To create rights where none existed before.
B. To form opinions before hearing all of the facts.
C. To injure or damage another party's rights.
D. To put the insurer's interests ahead of the insured's interests.
C. To injure or damage another party's rights.
Under the uninsured motorists (UM) coverage in the Personal Auto Policy (PAP),
the insurer agrees to pay damages that the insured is legally entitled to recover
from the owner or operator of an uninsured motor vehicle. These damages are
best identified as which one of the following?
3|Page
, AINS 102 PRACTICE EXAM
Select one:
A. Medical expenses
B. Lost wages
C. Rehabilitation expenses
D. Compensatory damages
D. Compensatory damages
Under the Personal Auto Policy (PAP), a branch falling from a tree and denting the
hood of a covered auto is an example of
Select one:
A. A collision loss.
B. An uninsured motorists loss.
C. A liability loss.
D. An other than collision loss.
D. An other than collision loss.
The Personal Auto Policy (PAP) provides physical damage coverage for a covered
auto that is damaged when the car's driver loses control and overturns the car on
a sharp curve. This coverage is called
Select one:
A. Falling object coverage.
B. Collision coverage.
C. Other than collision coverage.
D. Comprehensive coverage.
B. Collision coverage.
Personal auto policy endorsements can be categorized into two main categories.
One of these categories is
Select one:
A. Endorsements that provide coverage for owners of high-value antique cars that
result in higher premiums reflecting the valuable worth of such vehicles.
B. Endorsements that can be added to either a homeowners or personal auto
4|Page
AINS 102 PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW VERSION!!
Rick and Jamie have chosen their first home and now are asking their insurance
agent Franklin to help advise them as to appropriate and affordable insurance
coverage. Which one of the following will most accurately reflect the best
coverage choice for Rick and Jamie?
Select one:
A. As Rick and Jamie are buying and remodeling an older home, Franklin suggests
an HO-8 modified coverage form to provide appropriate coverage for a building
with a comparatively high replacement cost.
B. As Rick and Jamie will be buying a mansion, Franklin suggests an HO-5
comprehensive form as it provides the highest dollar amounts of any coverage
available.
C. As Rick and Jamie will be renting an apartment for a few years, Franklin
suggests an HO-2 broad form as they will not need any dwelling coverage.
D. As Rick and Jamie are buying a residential condo, Franklin suggests the HO-3
special form as they will be needing limited dwelling coverage.
As Rick and Jamie are buying and remodeling an older home, Franklin suggests an
HO-8 modified coverage form to provide appropriate coverage for a building with
a comparatively high replacement cost.
In the auto insurance policy definitions, an eligible private passenger auto, pickup,
or van of which the named insured becomes the owner during the policy period is
a
Select one:
A. Temporary substitute vehicle.
B. Newly acquired auto.
C. Replacement auto.
D. Trailer.
1|Page
, AINS 102 PRACTICE EXAM
B. Newly acquired auto.
Phil, a claim representative, was assigned a claim for an auto theft. He needs to
determine the applicable Other Than Collision deductible for the auto. Which one
of the following sections of the Personal Auto Policy will provide Phil with this
information?
Select one:
A. Part E—Insured Duties Following an Accident or Loss
B. Endorsements section of the Declarations page
C. Part D—Damage to Your Auto Coverage
D. Schedule of Coverages section of the Declarations page
D. Schedule of Coverages section of the Declarations page
Joel is a delivery driver for XYZ Auto Supply. He usually drives the company van,
but one day, since he only had to deliver a small part, Joel used his own car that is
insured with a Personal Auto Policy (PAP). While doing so, Joel was involved in a
two-vehicle accident and a liability claim was made against Joel and XYZ Auto
Supply. Which one of the following is an insured(s) under Joel's PAP in this
situation?
Select one:
A. Joel only
B. None
C. Joel and XYZ Auto Supply
D. XYZ Auto Supply only
C. Joel and XYZ Auto Supply
The medical payments coverage in the Personal Auto Policy (PAP) applies to
Select one:
A. Any person occupying a covered auto.
B. Any insured who is also covered by workers compensation for the same
accident.
2|Page
, AINS 102 PRACTICE EXAM
C. Anyone occupying a car not owned by any insured but driven by an insured.
D. Anyone injured in an accident involving an insured.
A. Any person occupying a covered auto.
The Part B—Medical Payments Coverage of the Personal Auto Policy (PAP)
contains an Other Insurance provision. If two automobile policies from different
insurers cover the same owned vehicle,
Select one:
A. The insurer issuing the policy with the higher limits of liability will make the
determination.
B. The Other Insurance provision will address how to address the particular
situation.
C. The courts will decide how to assess the payment amounts.
D. The first insurer to receive notice of the claim becomes primarily liable.
B. The Other Insurance provision will address how to address the particular
situation.
Uninsured motorist (UM) coverage under the Personal Auto Policy (PAP) does not
apply to a claim that the insured settles without the insurer's consent if such a
settlement prejudices the insurer's right to recover payment. In this context,
"prejudice" means
Select one:
A. To create rights where none existed before.
B. To form opinions before hearing all of the facts.
C. To injure or damage another party's rights.
D. To put the insurer's interests ahead of the insured's interests.
C. To injure or damage another party's rights.
Under the uninsured motorists (UM) coverage in the Personal Auto Policy (PAP),
the insurer agrees to pay damages that the insured is legally entitled to recover
from the owner or operator of an uninsured motor vehicle. These damages are
best identified as which one of the following?
3|Page
, AINS 102 PRACTICE EXAM
Select one:
A. Medical expenses
B. Lost wages
C. Rehabilitation expenses
D. Compensatory damages
D. Compensatory damages
Under the Personal Auto Policy (PAP), a branch falling from a tree and denting the
hood of a covered auto is an example of
Select one:
A. A collision loss.
B. An uninsured motorists loss.
C. A liability loss.
D. An other than collision loss.
D. An other than collision loss.
The Personal Auto Policy (PAP) provides physical damage coverage for a covered
auto that is damaged when the car's driver loses control and overturns the car on
a sharp curve. This coverage is called
Select one:
A. Falling object coverage.
B. Collision coverage.
C. Other than collision coverage.
D. Comprehensive coverage.
B. Collision coverage.
Personal auto policy endorsements can be categorized into two main categories.
One of these categories is
Select one:
A. Endorsements that provide coverage for owners of high-value antique cars that
result in higher premiums reflecting the valuable worth of such vehicles.
B. Endorsements that can be added to either a homeowners or personal auto
4|Page
