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AINS 101 Simulated Exam – Questions and Answers | 100% Correct for 2025/2026, Exams of Nursing

Hillsborough Community CollegeNursing

AINS 101 Simulated Exam – Questions and Answers | 100% Correct for 2025/2026 This document presents a full simulated exam for AINS 101 (Associate in General Insurance), featuring realistic multiple-choice questions and 100% correct answers aligned with the 2025/2026 exam content. It thoroughly covers essential topics such as risk management, insurance principles, policy structure, underwriting, and claims processes. Perfect for learners seeking exam-like practice to ensure success on the official certification test.

Typology: Exams

2024/2025

Available from 06/11/2025

Nurseexcel
Nurseexcel 🇺🇸

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AINS 101 simulated exam Questions and Answers 100% Correct
1. Exclusivevagencyvisvcontractedvtovsellvinsurancevforvonevinsurervorvgroupvofvinsurers:vThev
differencevbetweenvanvindependentvagencyvandvanvexclusivevagencyvisvthatvan
2. Insurancevshortages:vDestructivevcompetitionvinvthevinsurancevindustryvcouldvresultvin
3. VeronicavdirectlyvcontactsvMariavforvguidancevonvhowvtovreportvavstolenvcar,vMariavprovid
esvthat,vandvclaimsvrepvSeanvtakesvovervaftervanvintroductionvfromvMaria:vMariavisvavnewvprod
ucervwhovwearsvmanyvhatsvwhenvformingvrelationshipsvandvthenvservingvhervestablishedvcust
omers.vInvthisvcapacity,vwhichvonevofvthevfollowingvscenariosvmostvaccuratelyvdescribesvhervo
ngoingvworkvwearingvthevhatvofv"claimsvhandler"?
4. $350vReplacementvcostv-vDepreciation:vJohn'svtwo-year-
oldvbicyclevwasvstolen.vThevbicycle'svpurchasevpricevwasv$700,vitsvcurrentvreplacementvcostvisv
$800,vandvdepreciationvwasvestimatedvatv$450.vWhatvwasvthevbicycle'svactualvcashvvalue?
5. Underwritingvauthorityvreports:vAllvofvthevfollowingvarevsourcesvofvunderwritingvinformatio
nvtovevaluatevanvinsurancevsubmission,vEXCEPT:
6. Implementedvriskvmanagementvtechniquesvmayvprovevtovbevineffectivevorvbecomevobs
olete:vWhichvonevofvthevfollowingvbestvexplainsvwhyvproducersvshouldvbevalertvtovchangesvinvcli
ents'vlossvexposures?
7. FieldvUnderwriter:vJamesvworksvveryvcloselyvwithvproducersvonvavdailyvbasis.vInvadditionvtov
evaluatingvthevapplicantsvthatvthevproducersvsubmit,vJamesvisvinvolvedvinvpresentingvpolicyvqu
otations,vprocessingvpolicyvendorsements,vhelpingvtovexplainvcoverages,vandvmakingvcoverag
evrecommendations.vJamesvworksvasva
8. Balancevsheet:vRachelvisvconsideringvinvestingvinvthevstockvofvanvinsurancevcompany.vW
hichvonevofvthevfollowingvisvlikelyvtovprovidevthevbestvindicationvofvthevinsurer'svfinancialvposi
tionvatvthisvpointvinvtime?
9. Supportvproducersvandvinsureds:vAtvGreenfieldvInsurancevCompany,vBernadettevandvRa
chelvarevcorporatevunderwriters,vandvTomasvandvJosevarevfieldvunderwriters.vAllvofvthevfollowi
ngvarevunderwritingvactivitiesvtypicallyvperformedvbyvcorporatev(orvstaff)vunderwritersvlikevBe
rnadettevandvRachel,vEXCEPT:
10. Largevnumbervofvsimilarvexposurevunits:vOscar'svcustom-
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AINS 101 simulated exam Questions and Answers 100% Correct

  1. Exclusivevagencyvisvcontractedvtovsellvinsurancevforvonevinsurervorvgroupvofvinsurers:v Thev differencevbetweenvanvindependentvagencyvandvanvexclusivevagencyvisvthatvan
  2. Insurancevshortages:v Destructivevcompetitionvinvthevinsurancevindustryvcouldvresultvin
  3. VeronicavdirectlyvcontactsvMariavforvguidancevonvhowvtovreportvavstolenvcar,vMariavprovid esvthat,vandvclaimsvrepvSeanvtakesvovervaftervanvintroductionvfromvMaria:v Mariavisvavnewvprod ucervwhovwearsvmanyvhatsvwhenvformingvrelationshipsvandvthenvservingvhervestablishedvcust omers.vInvthisvcapacity,vwhichvonevofvthevfollowingvscenariosvmostvaccuratelyvdescribesvhervo ngoingvworkvwearingvthevhatvofv"claimsvhandler"?
  4. $350vReplacementvcostv-vDepreciation:v John'svtwo-year- oldvbicyclevwasvstolen.vThevbicycle'svpurchasevpricevwasv$700,vitsvcurrentvreplacementvcostvisv $800,vandvdepreciationvwasvestimatedvatv$450.vWhatvwasvthevbicycle'svactualvcashvvalue?
  5. Underwritingvauthorityvreports:v Allvofvthevfollowingvarevsourcesvofvunderwritingvinformatio nvtovevaluatevanvinsurancevsubmission,vEXCEPT:
  6. Implementedvriskvmanagementvtechniquesvmayvprovevtovbevineffectivevorvbecomevobs olete:v Whichvonevofvthevfollowingvbestvexplainsvwhyvproducersvshouldvbevalertvtovchangesvinvcli ents'vlossvexposures?
  7. FieldvUnderwriter:v Jamesvworksvveryvcloselyvwithvproducersvonvavdailyvbasis.vInvadditionvtov evaluatingvthevapplicantsvthatvthevproducersvsubmit,vJamesvisvinvolvedvinvpresentingvpolicyvqu otations,vprocessingvpolicyvendorsements,vhelpingvtovexplainvcoverages,vandvmakingvcoverag evrecommendations.vJamesvworksvasva
  8. Balancevsheet:v Rachelvisvconsideringvinvestingvinvthevstockvofvanvinsurancevcompany.vW hichvonevofvthevfollowingvisvlikelyvtovprovidevthevbestvindicationvofvthevinsurer'svfinancialvposi tionvatvthisvpointvinvtime?
  9. Supportvproducersvandvinsureds:v AtvGreenfieldvInsurancevCompany,vBernadettevandvRa chelvarevcorporatevunderwriters,vandvTomasvandvJosevarevfieldvunderwriters.vAllvofvthevfollowi ngvarevunderwritingvactivitiesvtypicallyvperformedvbyvcorporatev(orvstaff)vunderwritersvlikevBe rnadettevandvRachel,vEXCEPT:
  10. Largevnumbervofvsimilarvexposurevunits:v Oscar'svcustom-

2 v/v builtvvehiclevlooksvlikevavsausagevsandwichvonvwheels.vHevplansvtovdrivevitvtovspecialveventsvatvs choolsvaroundvthevcountryvwherevitvwillvservevasvavmobilevbillboardvtovpromotevhisvproduct.vOs carvisvsurprisedvtovlearnvthatvinsurersvarevreluctantvtovinsurevhisvvehiclevbecausevitvfailsvtovmeetvo nevofvthevidealvcharacteristicsvofvanvinsurablevrisk.vWhichvcharacteristicvisvOscar'svvehiclevleastvl ikelyvtovmeet?

  1. Capacity:v Whichvonevofvthevfollowingvisvthevamountvofvbusinessvanvinsurervcanvwritevbase dvonvregulatoryvguidelines,vusuallyvavcomparsionvofvthevinsurer'svwrittenvpremiumsvtovthevpoli cyholders'vsurplus?

4 v/v mevweldvonveachvvehiclevframevasvitvpassesvthevsmartvproduct.vThesevsmartvproducts,vwhichvcan vbevfixedvorvmobile,vreducevrepetitivevmotion

5 v/v injuries.vTheyvcanvalsovbevusedvtovperformvdangerousvtasksvandvforvheavy- liftingvjobs.vThesevsmartvproducts,venabledvbyvartificialvintelligence,varevcalled

  1. Besidesvriskvmanagementvgoalsvbeingvattainable,vtheyvshouldvalsovposevavchallenge:v RileyvTurnervisvperformingvavcomprehensivevevaluationvofvHardwickvEnterprisesvtovmakevsurevi tsvinsurancevandvriskvmanagementveffortsvarevservingvthevorganizationvappropriately.vWhichvon evofvthevfollowingvwillvbevtruevinvregardvtovthisveffort?
  2. Identifyingvthevpolicy,vcalculatingvavlossvreserve,vdeterminingvthevcausevofvloss,vprepa ringvavlossvstatement:v JamesvWestvisvavclaimsvrepvwithvHattersvInsurance.vAsvhevlearnsvhowvto vhandlevavclaimvfromvstartvtovfinish,vwhichvonevofvthevfollowingvbestvdescribesvthevcorrectvorder vforvhimvtovfollowvduringvthisvprocess?
  3. 75%:v ThevfinancialvreportvforvHometownvInsurervcontainsvthevfollowingvinforma-vtion: Earnedvpremiumsv$4,000,000vWrittenvpr emiumsv$5,000, Netvinvestmentvincomev$1,000,000vIncur redvlossesv$3,000, Incurredvunderwritingvexpensesv$2,000,000vWhatvisv HometownvInsurer'svlossvratio?
  4. Applyvtovthevpartvofvthevpolicyvperiodvthatvhasvalreadyvoccurred:v Earnedvpremiumsvar evthevportionvofvwrittenvpremiumsvthat
  5. Classifyvthevvariousvexposures:v Sota'svSuperstorevhasvrecentlyvbecomevanvinsuredvofvKei thlyvInsurancevCompany.vKaito,vKeithly'svpremiumvauditor,visvbeingvsentvtovconductvanvadvanceva udit.vWhichvonevofvthevfollowingvtasksvwillvKaitovdovtovassistvunderwriting?
  6. Leadsvandvreferralsvthatvcanvbevusedvtovgeneratevnewvbusiness:v Whichvonevofvthesevisvm ostvdirectlyvassociatedvwithvavsatisfiedvcustomer?
  7. Determiningvcoveragevquotes:v Jessievisvavnewvcustomervservicevrepresen- vtativev(CSR)vatvthevWinfieldvAgency.vJessievusuallyvengagesvinvallvthevfollowingvactivities,vEX CEPT
  8. HarryvcanvverifyvJennie'svaddressvandvothervpossiblevhelpfulvinformationvbyvreviewing vhervpolicyvwhichvhasvhervoriginalvapplicationvinformationvat- vtached:v JennievrecentlyvpurchasedvavpersonalvautovpolicyvfromvWestcoxvInsurers.vThreevwee ksvlater,vJennievreportedvhervcarvwasvstolenvfromvhervdrivewayvduringvthevmiddlevofvthevday.vUp

7 v/v

  1. $10,000:v Avliabilityvlossvhasvthevfollowingvdamages: Medicalvexpenses:v$10,000vDamagesvforv disfigurement:v$50, Damagesvforvpainvandvsuffering:v$100,000vWhatvisvthe vamountvofvspecialvdamages?
  2. Time,vcause,vandvlocation:v Forvavlossvexposurevtovbevideallyvinsurablevitvmustvbevdefinitevi n
  3. Revenues:v Earnedvpremiumsvarevshownvonvanvinsurer'svincomevstatementvbecausevt heyvare
  4. Allianvissuesvmorevpreprintedvpoliciesvthanvmanuscriptvforms.:v AllianvIn- vsurancevCompanyvisvavgrowingvregionalvinsurervsellingvpoliciesvinvthreevstates,vspecializingvin vpersonalvautovandvhomeownersvpolicies.vWhichvonevofvthevfollowingvisvmostvlikelyvtruevregard ingvAllianvandvthevpoliciesvitvsells?
  5. Promotevriskvcontrolvactivity:v PravaltvConstructionvCompanyvpaysvlessvthanvitsvcompetitor svforvworkersvcompensationvinsurancevbecausevPravaltvhasvhadvsubstan- vtiallyvfewervemployeevinjuriesvthanvothervfirmsvinvitsvclass.vThisvillustratesvwhichvonevofvthevfoll owingvbenefitsvofvinsurance?
  6. Insuredvandvclaimantvandvclaimsvrepresentative:v Seanvwasvdrivingvandvcausedvanvin juryvtovavpedestrianvnamedvWilbur.vInvthevcontextvofvthevresultingvclaimvmadevtovSean'svins urancevcompanyvandvassignedvtovAndreavinvthevclaimsvdepartment,vSeanvandvWilburvandvA ndreavare,vrespectively,
  7. Exceptions:v Winstonvisvskimmingvthroughvhisvnewvpersonalvautovpolicyvthatvjustvarrived.v Winstonvdiscoversvthatveveryvinsurancevpolicyvisvrepresentedvthroughvavcollectionvofvpolicyvp rovisions.vHevdiscoversvallvofvthevfollowingvpolicyvprovisions,vEXCEPT:
  8. Insurersvmayvbecomevinsolvent:v Whyvarevinsurancevregulatorsvconcernedvaboutvthev effectsvofvlargevcatastrophes?
  9. $2,000:v Sports,vInc.visvlookingvtovobtainvavcommercialvpropertyvpolicyvonvitsvbuildingvfo rv$400,000.vIfvtheirvinsurervdecidesvtovchargevthemvavratevofv$0.50vper $100vofvbuildingvinsurance,vwhatvpremiumvmustvSports,vInc.vpay?
  10. Determiningvthevamountvofvdamagesvorvextentvofvloss:v Thevprocessingvofvalmostvever yvclaimvinvolvesvwhichvonevofvthevfollowingvactivities?

8 v/v

  1. Compensationvforvdisfigurement:v Margaretvwasvseverelyvinjuredvandvscarredvduevtovavrec entvaccident.vWhichvonevofvthevfollowingvisvanvexamplevofvgeneralvdamagesvMargaretvreceived ?
  2. Stockholdersvownvavstockvinsurer.vMembersvownvavreciprocalvinsurancevexchange:v A vstockvinsurervdiffersvfromvavreciprocalvinsurancevexchangevinvwhichvonevofvthevfollowingvwa ys?

10 v/v casualtyvinsurancevpoliciesvwouldvprovidevthemvwithvprotectionvforvtheirvhighvpotentialvforvlar gevliabilityvlosses?

  1. Maintainingvinsurervsolvency:v WindsorvInsurancevhasvsoldvmorevpersonalvautovpoliciesvinvt hevrecentvquartervthanvevervbeforevinvitsvhistory,vthanksvtovnewvcom-

11 v/v missionvincentivesvforvambitiousvstaffvmembers.vEvenvthoughvWindsorvisvcollectingvmorevmone yvupfront,vitvisvactuallyvmakingvlessvpervpolicyvaftervremittingvthevhighervcommissions.vSomevclai mvpaymentsvarevalsovnowvbeingvdelayed,vresultingvinvmanyvcomplaintsvagainstvthevcompany.vWh ichvonevofvthevfollowingvobjectivesvofvinsurancevregulationvisvnotvbeingvrealizedvthroughvthisvscen ario?