provides the best indication of its financial position because it shows admitted assets, liabilities,
and policyholders’ surplus at a particular point in time.
Q: Which one of the following is the amount of business an insurer can write based on
regulatory guidelines, usually a comparsion of the insurer’s written premiums to the
policyholders’ surplus?
Answer:
Capacity
Q: The two main sectors of the insurance industry are
Answer:
Property-casualty insurance and life-health insurance
Q: The difference between an independent agency and an exclusive agency is that an
Answer:
Exclusive agency is contracted to sell insurance for one insurer or group of insurers
Q: A liability loss has the following damages:
Medical expenses:$10,000Damages for disfigurement:$50,000Damages for pain and
suffering:$100,000
What is the amount of special damages?
Answer:
$ 10,000
Q: Special damages
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![\"AINS-101-LATEST-2023-2024-UPDATE-INCREASING-YOUR-INSURANCE-IQ-EXAM-QUESTIONS-AND-VERIFIED-ANSWERS-100-CORRECT-GRADE-A\"](\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2023\/12\/AINS-101-LATEST-2023-2024-UPDATE-INCREASING-YOUR-INSURANCE-IQ-EXAM-QUESTIONS-AND-VERIFIED-ANSWERS-100-CORRECT-GRADE-A-725x1024.png\")
<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"AINS 101 (Latest 2023\/ 2024 Update) Increasing Your Insurance IQ Exam| Questions and Verified Answers| 100% Correct| Grade A AINS 101 (Latest 2023\/ 2024 Update)Increasing Your Insurance IQ Exam|Questions and Verified Answers| 100%Correct| Grade AQ: Rachel is a new employee of Westley Insurance, and has been asked to review someexisting policies to become familiar with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-130433","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=130433"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130433\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=130433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=130433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=130433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}