AINS case studies
AINS · Put your knowledge to work in context.
The Associate in Insurance (AINS) is a designation program from The Institutes, positioned on its site among "Early Career" designations and summarized with the tagline "Master insurance basics and grow your career." It is aimed at people building a foundation in risk management and insurance rather than at specialists. The published curriculum lists a core course, AINS 101: Increasing Your Insurance IQ, concentration courses AINS 102: Understanding Personal Insurance and AINS 103: Exploring Commercial Insurance, and an ethics course, Ethics 311: Ethical Decision Making in Risk & Insurance. The AINS case studies are 5 cases and about 3,032 words.
1The Duplex Sold Twice Over: Insurable Interest and Indemnity at the Moment of Loss
On May 20, Dana signed a contract to sell her duplex to Omar, with closing set for June 3; the deed was recorded June 5. Dana's homeowners policy (special form, 400,000 dwelling limit, 2,000 deductible) runs through December 31 and was never cancelled.
600 words, about 3 min2Binding Outside Authority on a Holiday Weekend
Ridgeline Agency holds a binding authority agreement with a regional carrier limited to "small commercial package risks with total insured value at or below 500,000; restaurants and bars are excluded from binding authority." On the Friday before a three-day holiday, producer Alex - licensed, but who has not completed the carrier's restaurant product training - binds a 740,000 restaurant exposure by telephone and emails a certificate of insurance. The carrier's underwriting system is offline until Tuesday.
597 words, about 3 min3The Bakery With One Policy and Three Problems
Sunrise Bakery carries a businessowners policy with 2 million general liability, 500,000 on the building, 150,000 business personal property, and a 10,000 deductible. It has no other commercial coverage.
602 words, about 3 min4A New Producer, a Gift Card, and a Signature That Isn't Hers
Priya was licensed in the state three weeks ago and joined Agency B. Before leaving Agency A she emailed herself a list of 340 policyholder names, addresses, and renewal dates.
619 words, about 3 min5"Wait for Suit": A Reservation of Rights That Never Ended
Marisol runs a licensed day care for six children in her home under an unendorsed HO-3 with Coverage E of 300,000. On March 2, a four-year-old falls from a play structure and suffers a skull fracture.
614 words, about 3 min