Ainsains 101 Study guides, Class notes & Summaries

CPCU 500,Becoming a Leader in Risk Management and Insurance Exam Prep | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) Q: Loss Exposure Answer: Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs 3 Elements of a Loss Exposure: -An asset exposed to loss -Cause of loss (peril) -Financial consequences of that loss Q: Types of Loss Exposures Answer: Property Loss Liability Loss Personnel Loss Net...

AINS 103 (Latest 2023/ 2024 Update) Exploring Commercial Insurance Exam Practice Questions and Verified Answers| 100% Correct| Grade A Q: Joe Motors, which services automobiles, wants to maintain the goodwill of its customers. This is best accomplished by Select one: A. Purchasing garage liability insurance. B. Purchasing garage keepers insurance. C. Lowering the physical damage deductible under its business auto insurance. D. Raising liability limits under its business auto insurance. ...

ARM 400,Risk in an Evolving World Exam Prep |Guide with Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: tolerable uncertainty components Answer: reduce downside risk, earnings stability, anticipate and recognize emerging risks, business continuity Q: continuity of operations Answer: essential goal for all public entities Q: holistic risk management goals Answer: tolerable uncertainty, profitability and growth, legal and reg...

AINS 101 (New 2023/ 2024 Update) Increasing Your Insurance IQ Exam_ Questions and Verified Answers_ 100% Correct_ Graded A QUESTION Which two of the four quadrants of risk are classified as pure risks? Answer: Hazard risks and operational risks QUESTION Pravalt Construction Company pays less than its competitors for workers compensation insurance because Pravalt has had substantially fewer employee injuries than other firms in its class. This illustrates which one...

AINS 101 (Latest 2023/ 2024 Update) Increasing Your Insurance IQ Exam Prep| Questions and Verified Answers| 100% Correct Q: Pure risk Answer: a chance of loss or no loss, but no chance of gain Q: Speculative risk Answer: a chance of loss, no loss, or gain Q: Solvency Answer: the ability of an insurer to meet its financial obligations as they become due, even those resulting from insured losses that may be claimed several years in the future Q: Income...

AINS 103 (New 2023/ 2024 Update) Exploring Commercial Insurance Exam Practice _Questions and Verified Answers_ 100% Correct_ Graded A QUESTION A carrier that is prevented by an accident from delivering the cargo aboard its ship may face an exposure called loss of freight, which is Select one: A. The compensation the carrier receives for transporting cargo. B. A penalty the carrier pays the shipper for nondelivery. C. The liability for loss or damage to the cargo entrusted to it. ...

AINS 101 Increasing Your Insurance IQ Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: In personal property-casualty insurance, which is more common: manu- script forms or pre-printed policies? Answer: Pre-printed policies Q: Which statement is true? Answer: A policy begins with a coverage overview, then goes into more coverage details Q: Which of these is an example of general damages? Answer: Compensation for disfigurement ...

AINS 101 (Latest 2023/ 2024 Update) Increasing Your Insurance IQ Exam| Questions and Verified Answers| 100% Correct| Grade A Q: Rachel is a new employee of Westley Insurance, and has been asked to review some existing policies to become familiar with the types of policies she will be working with. Which one of the following will Rachel find is true as she conducts her review? Answer: Rachel finds the policy begins with a coverage overview and then goes into more coverage details. ...