Ains 101 Questions With 100% Accurate Review Solution Answers

The best indication of an insurer's overall financial health is the {Ans: policyholders surplus (It shows how much cash an insurer has on hand for emergencies, unexpected losses, and expansion of business)}Clare is a commercial lines underwriter. She always tries to follow underwriting guidelines, effectively evaluate loss exposures, and charge adequate premiums. By doing these things, Clare's goal is to ensure Select one: A. Adverse selection. B. Adequate policyholders' surplus. C. A significant bonus. D. A collaborative relationship with her producers. {Ans: B. Adequate policyholders' surplus.}qualifications on promise to make payment {Ans: conditions}A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide coverage for the damage? a. Homeowners Policy (Personal Liability) b. Homeowners Policy (Property) c. Personal Umbrella Policy d. Personal Auto Policy {Ans: b. Homeowners Policy (Property)}Tony now works at the corporate level for Newtown Insurance. He is considered a staff underwriter. Which one of the following is primarily a responsibility of staff underwriters? Select one: A. Recommend coverage B. Manage a book of business C. Support producers D. Revise underwriting guidelines {Ans: D. Revise underwriting guidelines}New homeowner and small business owner Sallie learns that an insurance policy may