{"id":130427,"date":"2023-12-14T06:07:05","date_gmt":"2023-12-14T06:07:05","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=130427"},"modified":"2023-12-14T06:07:07","modified_gmt":"2023-12-14T06:07:07","slug":"ains-102-latest-2023-2024-update-understanding-personal-insurance-exam-prep-questions-and-verified-answers-100-correct","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/12\/14\/ains-102-latest-2023-2024-update-understanding-personal-insurance-exam-prep-questions-and-verified-answers-100-correct\/","title":{"rendered":"AINS 102 (Latest 2023\/ 2024 Update) Understanding Personal Insurance Exam Prep| Questions and Verified Answers| 100% Correct"},"content":{"rendered":"\n

AINS 102 (Latest 2023\/ 2024 Update) Understanding Personal Insurance Exam Prep| Questions and Verified Answers| 100% Correct<\/p>\n\n\n\n

AINS 102 (Latest 2023\/ 2024 Update)
Understanding Personal Insurance Exam
Prep| Questions and Verified Answers| 100%
Correct
Q: General damages
Answer:
A monetary award to compensate a victim for losses, such as pain and suffering, that do not
involve specific, measurable expenses.
Q: HO-3 Special Form
Answer:
Coverage for owner-occupants, providing open perils coverage on buildings and specified perils
coverage on personal property.
Q: Hull insurance
Answer:
Insurance that covers physical damage to vessels, including their machinery and fuel but not
their cargo.
Q: Inland marine floater
Answer:
Coverage for property limited or excluded by homeowners policies, property with valuation
problems, high-value items, and property susceptible to loss by other than the usual named
perils.<\/p>\n\n\n\n

Q: Inland marine insurance
Answer:
Insurance that covers many different classes of property that typically involve an element of
transportation on land.
Q: Intentional tort
Answer:
A tort committed by a person who foresees (or should be able to foresee) that his or her act will
harm another person.
Q: Internet of Things (IoT)
Answer:
A network of objects that transmit data to each other and to central hubs through the internet.
Q: Liability
Answer:
A legal responsibility for the consequences of an act or omission.
Q: Liability loss exposure
Answer:
Any condition or situation that presents the possibility of a claim alleging legal responsibility of
a person or business for injury or damage suffered by another party.<\/p>\n\n\n\n

Q: Loss history
Answer:
A listing of past claims, including the date of occurrence, the line of business, the type or
description of the claim, the date of the claim, the amount paid, the amount reserved, and the
claim’s current status.
Q: Named insured
Answer:
A person, corporation, partnership, or other entity identified as an insured party in an insurance
policy’s declarations page.
Q: Named peril
Answer:
A specific cause of loss listed and described in an insurance policy. Also used to describe
policies containing named perils.
Q: Named perils coverage
Answer:
An insurance policy in which the covered causes of loss are listed or “named” in the policy.
Q: Negligence
Answer:
The failure to exercise the degree of care that a reasonable person in a similar situation would
exercise to avoid harming others.<\/p>\n\n\n\n

Q: NFIP emergency program
Answer:
Initial phase of a community’s participation in the National Flood Insurance Program, in which
property owners in flood areas can purchase limited amounts of insurance at subsidized rates.
Q: NFIP regular program
Answer:
Second phase of the National Flood Insurance Program, in which the community agrees to adopt
flood-control and land-use restrictions and in which property owners purchase higher amounts of
flood insurance than under the emergency program.
Q: Open perils coverage
Answer:
A type of policy or coverage that insures against risks of direct physical loss except for those
specifically excluded or limited by the policy.
Q: Open perils
Answer:
A type of policy or coverage that insures against direct physical loss unless the loss is excluded
or limited by the policy.
Q: Other than collision (OTC) coverage
Answer:
Coverage for physical damage to a covered auto resulting from any cause of loss except collision
or a cause of loss specifically excluded.
Powered by https:\/\/learnexams.com\/search\/study?query=<\/a><\/p>\n\n\n\n

\"AINS-102-LATEST-2023-2024-UPDATE-UNDERSTANDING-PERSONAL-INSURANCE-EXAM-PREP-QUESTIONS-AND-VERIFIED-ANSWERS-100-CORRECT\"<\/a><\/figure>\n\n\n\n