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AINS 103 Chapter 3 questions with answers
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AINS 103 Chapter 3 questions withanswers
What does a commercial general liability coverage form protect?
- .......🔷ANSWERS🔶......✔✔ An organization against financial losses stemming from
liability for damages to people or property.
Jenny owns a convenience store. A customer slipped and fell in an aisle but only required
minor medical care at a local clinic. What coverage might apply for this occurrence?
- .......🔷ANSWERS🔶......✔✔ Coverage C might apply, because Coverage C-Medical
Payments, pays medical expenses of others in certain circumstances.
Sean entered a bookstore and asked for a book on the highest shelf. The bookstore's worker
got a ladder to retrieve the book, but the ladder fell and hit Sean. Sean required
hospitalization and overnight observation. What coverage would apply for the bookstore?
- .......🔷ANSWERS🔶......✔✔ Coverage A might apply, because Coverage A-Bodily Injury
and Property Damage Liability covers bodily injury or property damage, such as when a
customer is injured in a store.
Occurrence: - .......🔷ANSWERS🔶......✔✔ An accident or event that leads to a claim being
filed.
Bodily Injury: - .......🔷ANSWERS🔶......✔✔ Any physical injury to a person, including
sickness, disease, and death.
Property Damage: - .......🔷ANSWERS🔶......✔✔ The injury to, destruction of, or loss of use
of tangible property.
Conditions of CGL Coverage A: - .......🔷ANSWERS🔶......✔✔ 1. Insured must be legally
liable for the damages.
, 2. Requires the damages to result from bodily injury or property damage as defined in the
policy.
3. Intentional events, such as assault, are not covered.
Jimmy owns an auto body shop in AZ that is insured under an unendorsed CGL form. He
took a trip to Europe, offered to repair his host's car and accidently damaged the vehicle. If
his host sues, would Jimmy's CGL form cover the claim? - .......🔷ANSWERS🔶......✔✔ No,
because the event happened outside the policy coverage zone.
Taylor slipped on a puddle in a deli and was hospitalized, but was unable to file a claim for 2
years. The store's CGL policy was in effect when the accident occurred. Would Taylor's
damages be covered? - .......🔷ANSWERS🔶......✔✔ Yes, because the damages occurred
within the time period the policy was in effect.
For the purposes of the CGL form, what can the term "injury" include?
- .......🔷ANSWERS🔶......✔✔ Mental anguish, mental injury, fright, shock, humiliation, and
loss of reputation.
The CGL Coverage B insuring agreement states that the insurer will pay any damages
assessed against the insured for several specific offenses, such as:
- .......🔷ANSWERS🔶......✔✔ False imprisonment, malicious prosecution, wrongful
eviction, libel, slander, infringement on copyright.
CGL Coverage B Exclusions: - .......🔷ANSWERS🔶......✔✔ Intentional acts, breaching a
contract, as well as limitations on occurrences that take place on or in internet chat rooms
and discussion boards.
Why does Coverage C provide a modest amount of insurance for settling minor injury cases
without requiring determination of liability? - .......🔷ANSWERS🔶......✔✔ Because it is
meant to make quick settlements in the hopes of avoiding larger liability claims.
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