100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada
logo-home
Buscado previamente por ti
Buscado previamente por ti
logo
AINS 103 Actual Exam Questions and Correct Detailed Answers (Verified Answers) Graded A+ $14.49
Añadir al carrito
Navegar rápidamente a
Vista previa
  2.  
  3. AINS 103
  4.  
  5. AINS 103

Examen

AINS 103 Actual Exam Questions and Correct Detailed Answers (Verified Answers) Graded A+
 0 veces vendidas
  • Grado
  • AINS 103
  • Institución
  • AINS 103

AINS 103 Actual Exam Questions and Correct Detailed Answers (Verified Answers) Graded A+ Which one of the following describes one of the coverages provided by a Workers Compensation and Employers Liability Insurance Policy (WC&EL)? Select one: A. Providing an alternative to major medical insuran...

[Mostrar más]

Vista previa 4 fuera de 56  páginas

Información del documento

  • 2 de octubre de 2024
  • 56
  • 2024/2025
  • Examen
  • Preguntas y respuestas

Temas

  • ains 103
  • ains 103 actual exam questions

Escuela, estudio y materia

  • AINS 103
  • AINS 103

Vendedor

avatar-seller
Scholarsstudyguide

Comentarios recibidos

Vista previa del contenido

AINS 103 Actual Exam Questions
and Correct Detailed Answers
(Verified Answers) Graded A+

Which one of the following describes one of the coverages provided by a Workers
Compensation and Employers Liability Insurance Policy (WC&EL)?
Select one:
A. Providing an alternative to major medical insurance as an employee benefit
B. Payment of benefits as required by a state's workers compensation law
C. Voluntary benefits to an injured employee
D. Payment for damages to a visitor hurt at the employer's location - Answer ✔ B.
Payment of benefits as required by a state's workers compensation law

Hickory Manufacturing has a number of equipment breakdown loss exposures. In an
equipment breakdown policy, explosion caused by excessive internal pressure of steam
is a breakdown loss that can occur to a
Select one:
A. Compressed tank.
B. Mechanical pump.
C. Boiler.
D. Distribution panel. - Answer ✔ C. Boiler.

Excess and umbrella liability coverages provide additional coverages for liability
exposures in which it may be problematic to determine the
Select one:
A. Maximum probable loss.
B. Legal liability.
C. Total aggregate loss.
D. Minimum aggregate loss. - Answer ✔ A. Maximum probable loss.

Which one of the following explains why an employer needs employer's liability
insurance in addition to workers compensation insurance and a commercial general
liability (CGL) insurance policy?
Select one:
A. To provide additional amounts of coverage
B. To cover claims not covered by workers compensation statute
C. To meet monetary requirements
D. To meet statutory requirements for payments to workers injured on the job - Answer
✔ B. To cover claims not covered by workers compensation statute

,In equipment breakdown insurance, a fired pressure vessel constructed of cast iron or
steel in which water is heated to produce steam or hot water is a
Select one:
A. Boiler.
B. Compressor.
C. Gear set.
D. Turbine. - Answer ✔ A. Boiler.

Which one of the following is an example of a loss covered by Employers Liability
Insurance?
Select one:
A. An employee sues an employer for damages arising out of demotion, evaluation,
harassment, discrimination, or termination
B. An injured employee sues a third party who, in turn, sues the injured person's
employer for negligence that resulted in the injury
C. An employee files a claim due to injuries from a product manufactured by their
employer in a state that rejects the dual capacity doctrine
D. An employee is injured in an employment-related accident that occurs outside of the
United States, its territories and possessions, or Canada - Answer ✔ B. An injured
employee sues a third party who, in turn, sues the injured person's employer for
negligence that resulted in the injury

Ella is a producer for Westfork Mutual. She recently met with the owners of The White
Canary Motel and is trying to determine if it is eligible for the ISO businessowners policy
(BOP). Which one of the following facts about The White Canary Motel would prevent it
from being eligible for the BOP?
Select one:
A. The White Canary Motel is a three-story structure.
B. The White Canary Motel has a small restaurant with 25 seats and limited cooking.
C. The White Canary Motel has a total floor area of 40,000 square feet.
D. The White Canary Motel closes from January 1 to March 1 every year. - Answer ✔ D.
The White Canary Motel closes from January 1 to March 1 every year.

Hank is a new commercial insurance producer. He is walking down the main street of
Springfield trying to determine which businesses might be eligible for the
businessowners policy (BOP) and which would not be eligible. Which one of the
following main street businesses would be ineligible for BOP coverage?
Select one:
A. Kelly Plumbing
B. Springfield Bank
C. Rose's Dress Shop
D. Ted's Coffee Shop - Answer ✔ B. Springfield Bank

Which one of the following statements about the BOP is true?
Select one:
A. It provides liability coverage only.

,B. It provides property coverage only.
C. It is designed for large businesses.
D. It is designed for small to mid-sized business. - Answer ✔ D. It is designed for small
to mid-sized business.

Julian is the owner of The Clock Shop, a retail store selling a wide variety of clocks for
the home and office. He leases the space in a shopping center that contains three other
retail stores. The Clock Shop is covered under a businessowners policy (BOP) with a
$200,000 limit of insurance for its business personal property and a $1,000 deductible.
Julian did not purchase any optional coverages. One evening a fire broke out in one of
the neighboring stores, and spread to The Clock Shop. The Clock Shop claimed the
following damages:
Description
Amount
Damage to merchandise on display and in storage
$50,000
Damage to a computer and printer in the office area
$4,500
Damage to a personalized sign attached to the building
$900
How much will the BOP insurer pay for this loss?
Select one:
A. $49,000
B. $49,900
C. $54,000
D. $54,400 - Answer ✔ D. $54,400

Glorious Gifts is a retail store located in a shopping center along with four other retail
tenants. It is insured under a businessowners policy (BOP) with a $300,000 limit for
Personal Property and a $1,000 deductible. One day during business hours, a fire
started in the pizza shop next door and spread to Glorious Gifts. Everyone was able to
escape safely, but Glorious Gifts suffered the following damages: $75,000 in store
merchandise, $10,000 in shelving units that had been installed, a $3,000 computer, and
$1,500 in cash. How much will the BOP insurer pay?
Select one:
A. $77,000
B. $87,000
C. $88,000
D. $88,500 - Answer ✔ B. $87,000

The Neopolitan is insured under a businessowners policy (BOP) for both building and
business personal property. Which one of the following would be covered under the
definition of a building under The Neopolitan's BOP?
Select one:
A. The land that the building sits on
B. The outdoor lighting fixtures

, C. Permanently installed fixtures and improvements paid for by tenants
D. The security fence that surrounds the building - Answer ✔ B. The outdoor lighting
fixtures

The medical expense coverage under Business Section II-Liability Coverage of the ISO
businessowners policy (BOP) would cover small and reasonable medical claims for
which one of the following?
Select one:
A. Injured customers requiring hospitalization.
B. The insured's spouse
C. Employees of the insured organization
D. Volunteer workers at the insured organization - Answer ✔ D. Volunteer workers at
the insured organization

The Liquor Liability exclusion would apply to which one of the following businesses
insured by an ISO businessowners policy?
Select one:
A. An accounting office that serves beer and wine at its company picnic
B. A convenience store that sells beer
C. A bridal shop that offers champagne to the bridal party during a fitting
D. A motel that offers customers a free happy hour every Friday - Answer ✔ B. A
convenience store that sells beer

Jack, a customer at Clark's Market, sued the grocery store for damages resulting from
bodily injury he sustained when he slipped and fell while shopping in the produce area.
Jack broke his elbow and suffered a back injury. Clark's Market is insured under a
businessowners policy (BOP) with a $300,000 liability and medical expense limit of
insurance. The insurer defended Clark's Market against the suit, but the court awarded
Jack $285,000 for his injury and a prejudgment interest of $5,000. The insurer's cost of
defending the grocery store was $20,000. What is the total amount that the BOP insurer
will pay for this claim?
Select one:
A. $290,000
B. $300,000
C. $305,000
D. $310,000. - Answer ✔ D. $310,000.

Jenn is a producer for Goshen Mutual. She is trying to determine if a new prospect, Mr.
Cooper's Café is eligible for the businessowners policy (BOP). Mr. Cooper's Café is a
small restaurant located on the first floor of an office building, serving only breakfast and
lunch. Cooking on the premises is limited to coffee makers, a grill, and microwave
appliances. It has seating for 10-15 people, and large refrigerated cases with food, beer
and wine to-go. Which one of the following factors about Mr. Cooper's Café would make
it ineligible for BOP coverage?
Select one:
A. It has seating for 15 people.

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for $14.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Empieza a vender

Vistos recientemente

Examen ·

(0)

CSO FINAL - CHAPTER 7 LINKING EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

Examen ·

(0)

introduction to relational databases cs1011 soph 0047 sophia milestone 3 unit 3

Examen ·

(1)

FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM (SET 1) || 140 QUESTIONS AND ANSWERS (A+) 2024

Examen ·

(0)

RTPM Exam Questions & Answers | 100% Correct Answers | Verified | Latest 2024 Version

Examen ·

(0)

H&R BLOCK 2018 SCENARIOS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

Resumen ·

(0)

Onrechtmatige daad via internet (IE-inbreuk en schending persoonlijkheidsrechten)

Lote ·

(0)

CCT Bundled Exams Questions and Answers Latest Versions (Complete and Accurate)

Examen ·

(0)

PN1 Final Exam-NCLEX Exam 2 Elimination/Ethics/Surgery Questions and simplified Answers

Examen ·

(0)

acute coronary syndrome NCLEX - Ignatavicius: Medical-Surgical Nursing, 7th Edition
$14.49
  • (0)
Añadir al carrito
Añadido