Ains 101 Exam Questions And Answers 2024

Which two of the four quadrants of risk are classified as pure risk? {Ans: Hazard risks and operational risks}A liability loss has the following damages: Medical expenses:$10,000 Damages for disfigurement:$50,000 Damages for pain and suffering:$100,000 What is the amount of special damages? {Ans: $10,000 - Special damages are for specific, identifiable damages}Winston is skimming through his new personal auto policy that just arrived. Winston discovers that every insurance policy is represented through a collection of policy provisions. He discovers all of the following policy provisions, EXCEPT: {Ans: Exceptions. A policy provision typically consists of conditions, definitions, declarations, insuring agreement, and the exclusions.}Jennie recently purchased a personal auto policy from Westcox Insurers. Three weeks later, Jennie reported her car was stolen from her driveway during the middle of the day. Upon further investigation, claims representative Harry finds out the home address he has on file for Jennie does not match the location where the theft occurred. In light of this scenario, which one of the following would be particularly helpful for Harry to pursue concerning Jenny's claim? {Ans: Harry can verify Jennie's address and other possible helpful information by reviewing her policy which has her original application