AINS™ 103 – My Answers to The Most Common Questions

The AINS™ 103 is a difficult exam. This exam focuses on the topics of commercial insurance including business income insurance, commercial auto insurance, and commercial general liability insurance.

In this blog, I’m going to answer some of the most common questions that we receive about the AINS™ 103 exam. In this blog we will answer the following questions:

What is the AINS™ 103 exam format?
What is the passing grade for the AINS™ 103?
What is the cost of the AINS™ 103 exam?
What study material do you recommend for the AINS™ 103?

What is the AINS™ 103 exam format?

The AINS™ 103 exam consists of 85 multiple choice questions broken up into two sections, part A and part B.

Part A: Concept questions – The first section of the exam will be concept questions; these questions will test your understanding of a definition or topic. The multiple-choice answers will generally provide 2 or 3 partially correct answers and one “best” answer.
Part B: Case questions – The second section of the exam will be case questions; these questions will require you to apply your knowledge to a specific scenario or event. You will be given a real-life scenario; your job will be to select the best recommendation to solve the given scenario.

The AINS™ 103 exam focuses on the topics of risk management. This exam is broken up into three categories:

Part A – Commercial property insurance
Part B – Commercial liability and insurance
Part C – Other commercial insurance (farm insurance and workers compensation)

What is the passing grade for the AINS™ 103?

The passing grade for the AINS™ 103 exam is 70%. This means you must answer 70% of the questions correctly to receive a passing grade on the AINS™ 103.

Since the AINS™ 103 exam is 85 questions long, this means you must answer 60 questions correctly (you can get 25 wrong) to earn a passing grade on the AINS™ 103.

What is the cost of the AINS™ 103 exam?

The cost of AINS™ 103 exam varies depending on your choice of study material and exam registration. Each exam costs about $320 and study material ranges between $250 to $400 per exam.

This means the total AINS™ 103 exam cost is around $600.

I recommend this study material from AB Training Center for $295. It comes with a print book, digital book, and audio book and is definitely worth the money.

What study material do you recommend for the AINS™ 103?

Unfortunately we do not offer an AINS™ 103 course at this time I do recommend this study material from AB Training Center. This is the study material I use; it does a great job breaking down the materials into the most important topics in simple notes (about 6 pages per chapter) so I could easily memorize the content. It also includes an “educational objectives” section at the end that reflected a lot of the most important topics and a full practice exam to prepare for the official exam. The material comes with a print book, digital book, and audio book. Here are the three AINS™ courses I recommend:

Free Practice Exam

Ready to get started studying? We’re here to help (for free). Download our free AINS™ 103 practice exams to get a feel for the type of questions you will see on the exam.

Download: Free Practice Exam (CPCU® | ARM™ | AINS™ | API™)

More Information

For more information about the AINS™ 103 exam, checkout some of our other free resources:

Disclaimer

Difficulty rank, importance rank, and the advice provided in this resource are solely the opinion of AssociatePI. This resource is intended to provide you with a general idea of where your focus should be. Each exam administered by The Institutes is different. AssociatePI is not affiliated with The Institutes or involved in the exam writing process. Please be sure to thoroughly study every chapter and every topic of this course.

AINS™ exams are administered by the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI does not administer the actual exams, we are an independent resource of free content, advice, and study material for professional insurance education. This blog is intended for informational purposes only, to inform prospective students of the benefit of the AINS™ designation.

AINS™, ARM™ and API^™ are trademarks of the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI LLC is not affiliated with, associated with, endorsed by or otherwise supported or recognized by The Institutes in any way. AssociatePI LLC is not authorized by The Institutes to offer courses, practice examinations, or any other resources related to the Institutes’ designations or other programs.

For further information, please email contact@associatepi.com.

Share0

Tweet0