Lucindajohns
Op deze pagina vind je alle documenten, voordeelbundels en oefenvragen die worden aangeboden door verkoper Lucindajohns.
- 1018
- 0
- 18
Community
- Volgers
- Volgend
1038 items
AINS 103 Test Questions and Answers Rated A+
Workers compensation benefits include which one of the following? 
Rehabilitation benefits 
3 multiple choice options 
When a clothing manufacturer decides to expand the sale of its clothing line by offering internet 
purchases, it creates new exposures not otherwise covered, or not fully covered, by a traditional 
policy. These include 
Loss or damage caused by computer viruses. 
3 multiple choice options 
Which one of the following supply chain exposures can a business mitigate by carefully wo...
- Tentamen (uitwerkingen)
- • 37 pagina's •
Workers compensation benefits include which one of the following? 
Rehabilitation benefits 
3 multiple choice options 
When a clothing manufacturer decides to expand the sale of its clothing line by offering internet 
purchases, it creates new exposures not otherwise covered, or not fully covered, by a traditional 
policy. These include 
Loss or damage caused by computer viruses. 
3 multiple choice options 
Which one of the following supply chain exposures can a business mitigate by carefully wo...
AINS 103 Questions and Answers Graded A+
Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store 
has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the 
rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 
9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in 
the past year. Danforth Grocery Store is most exposed to which one of the following types of 
liability loss? 
A. ...
- Tentamen (uitwerkingen)
- • 27 pagina's •
Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store 
has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the 
rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 
9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in 
the past year. Danforth Grocery Store is most exposed to which one of the following types of 
liability loss? 
A. ...
AINS 103 Questions and Answers Already Passed
Which one of the following best describes real property? 
Select one: 
A. Property being shipped to or from others. 
B. Business personal property that includes furniture, machinery and equipment, and 
stock/inventory. 
C. Tangible property that includes land, structures permanently attached to the land, and 
whatever is growing on the land. 
D. Vehicles, merchandise, furniture, tools, and similar items. C. Tangible property that 
includes land, structures permanently attached to the land, and w...
- Tentamen (uitwerkingen)
- • 126 pagina's •
Which one of the following best describes real property? 
Select one: 
A. Property being shipped to or from others. 
B. Business personal property that includes furniture, machinery and equipment, and 
stock/inventory. 
C. Tangible property that includes land, structures permanently attached to the land, and 
whatever is growing on the land. 
D. Vehicles, merchandise, furniture, tools, and similar items. C. Tangible property that 
includes land, structures permanently attached to the land, and w...
AINS 103 Exam Review Questions with Verified Solutions
In property insurance, the term "property in transit" refers to which one of the following? C. 
Property while being transported by trucks, cars, buses, trains, airplanes, and ships 
Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to 
mitigate the effects of a business interruption. Which one of the following is an example of an 
extra expense? B. Cost to rent temporary office space 
Radley Contracting Company is installing new signage on the front of...
- Tentamen (uitwerkingen)
- • 19 pagina's •
In property insurance, the term "property in transit" refers to which one of the following? C. 
Property while being transported by trucks, cars, buses, trains, airplanes, and ships 
Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to 
mitigate the effects of a business interruption. Which one of the following is an example of an 
extra expense? B. Cost to rent temporary office space 
Radley Contracting Company is installing new signage on the front of...
AINS 102: Understanding Personal Insurance Latest 2024 Rated A+
Arbitration An alternative dispute resolution (ADR) method by which disputing parties use a 
neutral outside party to examine the issues and develop a settlement, which can be final and 
binding. 
Attachment The act of seizing property to secure a judgment. 
Catastrophe A single event that causes widespread losses. 
Civil law A classification of law that applies to legal matters not governed by criminal law 
and that protects rights and provides remedies for breaches of duties owed to others.
- Tentamen (uitwerkingen)
- • 11 pagina's •
Arbitration An alternative dispute resolution (ADR) method by which disputing parties use a 
neutral outside party to examine the issues and develop a settlement, which can be final and 
binding. 
Attachment The act of seizing property to secure a judgment. 
Catastrophe A single event that causes widespread losses. 
Civil law A classification of law that applies to legal matters not governed by criminal law 
and that protects rights and provides remedies for breaches of duties owed to others.
AINS 102 LATEST UPDATE GRADED A+
Property loss exposure A condition that presents the possibility that a person or an 
organization will sustain a loss resulting from damage (including destruction, taking, or loss of 
use) to property in which that person or organization has a financial interest. 
Real property (realty) Tangible property consisting of land, all structures permanently 
attached to the land, and whatever is growing on the land. 
Personal property All tangible or intangible property that is not real property. 
Ded...
- Tentamen (uitwerkingen)
- • 47 pagina's •
Property loss exposure A condition that presents the possibility that a person or an 
organization will sustain a loss resulting from damage (including destruction, taking, or loss of 
use) to property in which that person or organization has a financial interest. 
Real property (realty) Tangible property consisting of land, all structures permanently 
attached to the land, and whatever is growing on the land. 
Personal property All tangible or intangible property that is not real property. 
Ded...
AINS 101 Questions and Answers Rated A+
The two main sectors of the insurance industry are 
Property-casualty insurance and life-health insurance. 
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 
Contract of utmost good faith. 
Earned premiums are shown on an insurer's income statement because they are 
Revenues 
Destructive competition in the insurance industry could result in 
Insurance Shortages 
3 multiple choic...
- Tentamen (uitwerkingen)
- • 12 pagina's •
The two main sectors of the insurance industry are 
Property-casualty insurance and life-health insurance. 
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 
Contract of utmost good faith. 
Earned premiums are shown on an insurer's income statement because they are 
Revenues 
Destructive competition in the insurance industry could result in 
Insurance Shortages 
3 multiple choic...
AINS 101 Latest Update with Certified Solutions
Actual cash value (ACV) The cost to replace property with new property of like kind and 
quality less depreciation. 
Adverse selection Insuring individuals with a high probability of loss at a cost lower than the 
insurer would normally charge for that risk because it wasn't aware of the actual risk involved. 
Binder A temporary written or oral agreement to provide insurance coverage until a formal 
written policy is issued. 
Book of business A group of policies with a common characteristic, su...
- Tentamen (uitwerkingen)
- • 9 pagina's •
Actual cash value (ACV) The cost to replace property with new property of like kind and 
quality less depreciation. 
Adverse selection Insuring individuals with a high probability of loss at a cost lower than the 
insurer would normally charge for that risk because it wasn't aware of the actual risk involved. 
Binder A temporary written or oral agreement to provide insurance coverage until a formal 
written policy is issued. 
Book of business A group of policies with a common characteristic, su...
AINS 101 Exam Prep with Complete and Certified Solutions
As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, 
her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash 
flows. Which one of the following examples best illustrates Mehmet's point? 
A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for 
her car insurance. 
B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. 
C. When her ca...
- Tentamen (uitwerkingen)
- • 102 pagina's •
As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, 
her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash 
flows. Which one of the following examples best illustrates Mehmet's point? 
A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for 
her car insurance. 
B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. 
C. When her ca...
AINS 101 Exam Prep Questions and Answers 100% Pass
Loss exposure any condition or situation that presents a possibility of loss, whether or not an 
actual loss occurs 
Premium the price of the insurance coverage provided for a specified period 
Indemnify to restore a party who has sustained a loss to the same financial position that party 
held before the loss occurred 
Insured any person or organization who is insured under an insurance policy
- Tentamen (uitwerkingen)
- • 25 pagina's •
Loss exposure any condition or situation that presents a possibility of loss, whether or not an 
actual loss occurs 
Premium the price of the insurance coverage provided for a specified period 
Indemnify to restore a party who has sustained a loss to the same financial position that party 
held before the loss occurred 
Insured any person or organization who is insured under an insurance policy