Ansible fails to manage the Windows host with error "The WS-Management service cannot process the request. The service is configured to not accept any remote shell requests" using WinRM

Issue

• Ansible fails to manage the Windows host with error The WS-Management service cannot process the request. The service is configured to not accept any remote shell requests using WinRM.
  e.g.

xx.xx.xx.xx | UNREACHABLE! => {
    "changed": false,
    "msg": "ntlm: The WS-Management service cannot process the request. The service is configured to not accept any remote shell requests.  (extended fault data: {'transport_message': 'Bad HTTP response returned from server. Code 500', 'http_status_code': 500, 'wsmanfault_code': '2150859180', 'fault_code': 's:Receiver', 'fault_subcode': 'w:InternalError'})",
    "unreachable": true
}