Ains 21 segment a Study guides, Class notes & Summaries
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AINS 21 - Segment A Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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AINS 21 - Segment A Questions with 100% Correct 
Answers | Latest Version 2024 | Expert Verified | 
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AINS 21 - Segment A | 137 COMPLETE QUESTIONS AND ANSWERS 100% CORRECT | UPDATED 2024
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AINS 21 - Segment A | 137 COMPLETE QUESTIONS AND ANSWERS 100% CORRECT | UPDATED 2024
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AINS 21 - Segment A | 137 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed
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AINS 21 - Segment A | 137 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed 
From a risk management viewpoint, insurance is used to A. Prevent the cost of losses 
B. Reduce the cost of losses 
C. Transfer the cost of losses 
D. Isolate the cost of losses. - C. Transfer the cost of losses. 
A loss exposure is: 
A. Any condition that presents the possibility of a loss. 
B. Any condition that precludes the chance of loss. 
C. The same thing as a peril. 
D. The same thin...
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AINS 21 Segment A | 124 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+
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AINS 21 Segment A | 124 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+ 
4 roles of insurance - 1. risk management technique 
2. transfer system 
3. business 
4. contract 
loss exposure - any condition or situation that presents a possibility of loss, whether or not actual loss occurs 
risk management - making and implementing decisions that will minimize the adverse effects of accidental losses on an organization 
-avoid, prevent, reduce 
-from RM standpoint, insurance i...
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AINS 21 - Segment A | 137 Questions with 100 % correct answers | Verified& Updated 2024 | Already Passed
- Exam (elaborations) • 45 pages • 2024
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AINS 21 - Segment A | 137 Questions with 100 % 
correct answers | Verified& Updated 2024 | Already 
Passed 
From a risk management viewpoint, insurance is used to A. Prevent the cost of losses 
B. Reduce the cost of losses 
C. Transfer the cost of losses 
D. Isolate the cost of losses. - C. Transfer the cost of losses. 
A loss exposure is: 
A. Any condition that presents the possibility of a loss. 
B. Any condition that precludes the chance of loss. 
C. The same thing as a peril. 
D. The same th...
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AINS 21 Segment A | 124 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+
- Exam (elaborations) • 21 pages • 2024
- Available in package deal
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AINS 21 Segment A | 124 Questions with 100 % 
correct answers | Verified& Updated 2024 Graded A+ 
4 roles of insurance - 1. risk management technique 
2. transfer system 
3. business 
4. contract 
loss exposure - any condition or situation that presents a possibility of loss, whether or not 
actual loss occurs 
risk management - making and implementing decisions that will minimize the adverse 
effects of accidental losses on an organization 
-avoid, prevent, reduce 
-from RM standpoint, insuranc...
-
AINS 21 - Segment A with Complete Solutions
- Exam (elaborations) • 24 pages • 2024
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AINS 21 - Segment A with Complete Solutions
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AINS 21 - Segment A Questions and Answers Graded A+
- Exam (elaborations) • 55 pages • 2024
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AINS 21 - Segment A Questions and 
 
Answers Graded A+ 
 
From a risk management viewpoint, insurance is used to A. Prevent the cost of losses 
B. Reduce the cost of losses 
C. Transfer the cost of losses 
 
D. Isolate the cost of losses. C. Transfer the cost of losses. 
 
A loss exposure is: 
A. Any condition that presents the possibility of a loss. 
B. Any condition that precludes the chance of loss. 
C. The same thing as a peril. 
D. The same thing as a hazard. A. Any condition that present t...
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AINS 21 - Segment A 137 Questions and Answers 100% Solved
- Exam (elaborations) • 42 pages • 2024
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AINS 21 - Segment A 137 Questions and 
Answers 100% Solved 
From a risk management viewpoint, insurance is used to A. Prevent the cost of losses 
Reduce the cost of losses 
Transfer the cost of losses 
Isolate the cost of losses. - C. Transfer the cost of losses. 
A loss exposure is: 
Any condition that presents the possibility of a loss. 
Any condition that precludes the chance of loss. 
The same thing as a peril. 
The same thing as a hazard. - A. Any condition that present the possibi...
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AINS 21 Segment B (Chapters 4-6) Rated A+
- Exam (elaborations) • 50 pages • 2024
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AINS 21 Segment B (Chapters 4-6) 
 
Rated A+ 
 
claim a demand by a person or business seeking to recover from an insurer for a loss that 
may be covered by an insurance policy 
 
claimant anyone who submits a claim to an insurer 
 
first party the insured in an insurance contract 
 
third party a person or business who is not a party to the insurance contract bu who asserts a 
claim against the insured 
 
claim representative (or adjuster) a person responsible for verifying coverage, determinin...