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AINS 103: Simulated Exam With Questions And 100% ALL CORRECT ANSWESR
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Terms in this set (50)
While performing duties for the business, all of the All executive officers of an LLC.
following would be an insured under Business
Liability Coverage of a partnership's businessowners
policy (BOP), EXCEPT:
Which one of the following would be covered Costs to move office equipment to a substitute location.
under the Extra Expense insuring agreement of the
Business Income (and Extra Expense) Coverage
Form?
An intangible asset resulting from a collection of Reputation.
perceptions and opinions, past and present, about
AINS 103: Simulated Exam
an organization that resides in the consciousness of
its stakeholders is known as an organization's:
, Ivan is a commercial insurance producer looking to Amusement parks are generally not eligible for BOP coverage. Retail stores, small restaurants with
expand his book of business. He is researching local limited cooking, and trade contractors are generally eligible for BOP coverage.
businesses trying to determine which businesses
might be eligible for the businessowners policy
(BOP) and which would not be eligible. Which one
of the following businesses would be ineligible for
BOP coverage?
Marlene is a producer for East Goshen Mutual. She Sugartown Farms has a restaurant with a bar for local patrons.
recently met with the owners of Sugartown Farms to
try and determine if they are eligible for the ISO
businessowners policy (BOP). Which one of the
following facts about Sugartown Farms would
prevent it from being eligible for the BOP?
Sugartown Industries insures its building and The causes of loss form. The three types of cause of loss forms - Basic, Broad, and Special - allow
personal property under the commercial property the insured to select, or the underwriter to offer, a range of covered perils.
coverage part of a commercial package policy
(CPP). Following a lightning storm, a portion of the
building was damaged from a small fire. The
operations manager pulled out the CPP to make
sure that the building was covered for this type of
loss. Which one of the following components of the
commercial property coverage part would provide
the operations manager with information on the
covered perils?
Under the Commercial General Liability (CGL) Sara is a volunteer helping the named insured clean up their grounds.
Coverage Form, medical payments coverage
applies to which one of the following situations?
Which one of the following causes of loss is Falling objects.
covered by the commercial property policy Causes
of Loss—Broad Form but not the Basic Form?
AINS 103: Simulated Exam
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