AINS 103 NEWEST ACTUAL EXAM &
PRACTICE TEST 300 QUESTIONS AND
DETAILED CORRECT ANSWERS 2025 |
GUARANTEED PASS
Sue is injured at work, and her job responsibilities are
reduced for 30 days, after which time she is fully
recovered. Sue has which one of the following types of
workers compensation disabilities?
Select one:
A. Temporary total disability
B. Permanent partial disability
C. Temporary partial disability
D. Permanent total disability Correct Answer C.
Temporary partial disability
Meat Products Company (MPC) runs packing plants in
three Midwest states. The company was in the news
recently because of its labor practices. The Department of
Labor (DOL) investigated complaints from five female
employees that MPC discriminated against them. The
DOL found the claim was true. The Immigration and
Naturalization Service (INS) found that the company
employed illegal immigrants and paid them less than the
minimum wage. When this news became public, MPC's
reputation was severely harmed. This scenario illustrates
which source of reputation risk?
Select one:
A. Corporate governance and leadership
,B. Corporate social responsibility
C. Regulatory and legal compliance
D. Communication and crisis management Correct
Answer C. Regulatory and legal compliance
The two categories of property that are exposed to loss
from cyber risk are
Select one:
A. Insured and uninsured.
B. Covered and not covered.
C. Tangible and intangible.
D. Real and personal. Correct Answer C. Tangible and
intangible.
Perils are an important aspect of property insurance.
Which one of the following statements is correct with
respect to perils?
Select one:
A. A peril is the actual means by which property is
damaged or destroyed such as fire, lightning, windstorm,
hail, or theft.
B. In order to be covered by an insurance policy, a peril
must be defined and described in that policy.
C. Property insurance policies can cover specific perils
and cannot exclude other perils.
D. A peril is anything that increases the frequency or the
severity of a loss. Correct Answer A. A peril is the actual
means by which property is damaged or destroyed such
as fire, lightning, windstorm, hail, or theft.
,A contractor is hired to install a new concrete sidewalk in
front of a store. Several weeks after the sidewalk was
installed, the concrete buckles and a passerby trips and
falls on the buckled sidewalk. The passerby sues the
contractor to recover medical expenses incurred due to
the fall. This commercial liability loss is categorized as
Select one:
A. Products liability.
B. Environmental liability.
C. Professional liability.
D. Completed operations liability. Correct Answer D.
Completed operations liability.
Which one of the following entities would likely have the
greatest completed operations loss exposure?
Select one:
A. Paul the plumber
B. Doris the physician
C. Moe the manufacturer
D. Sam the accountant Correct Answer A. Paul the
plumber
A carrier that is prevented by an accident from delivering
the cargo aboard its ship may face an exposure called
loss of freight, which is
Select one:
A. The compensation the carrier receives for transporting
cargo.
B. A penalty the carrier pays the shipper for nondelivery.
C. The liability for loss or damage to the cargo entrusted to
it.
, D. The cost of disposing of undeliverable goods. Correct
Answer A. The compensation the carrier receives for
transporting cargo.
The typical workers compensation statute provides
payment for which one of the following?
Select one:
A. Medical bills sustained while an employee commutes to
work on public transit
B. Injuries to customers on the insured premises
C. Medical bills for an injury sustained by an employee
while working
D. Any property damage that accompanies a bodily injury
Correct Answer C. Medical bills for an injury sustained by
an employee while working
When a clothing manufacturer decides to expand the sale
of its clothing line by offering internet purchases, it creates
new exposures not otherwise covered, or not fully
covered, by a traditional policy. These include
Select one:
A. Loss or damage caused by computer viruses.
B. Fire damage to clothing items currently listed for sale
online.
C. Lightning damage to the computer system used for
internet sales.
D. Theft of clothing items in their store. Correct Answer A.
Loss or damage caused by computer viruses.
The unauthorized intrusion into a company's computer
network resulting in damage to intellectual property is best
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