AIC 31 QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE
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Module
AIC
Institution
AIC
Which one of the following describes a windstorm under an insurance policy?
-:- A wind of any velocity having sufficient force to cause damage
In a specified perils policy, a loss is covered only if
-:- The cause of loss is listed.
A mortgagee's rights under a property insurance policy can be...
✓ -:- A single loss caused by two or more perils, acting either
simultaneously or in succession.
Henry's home was badly damaged from weight of ice and snow on the roof and eaves. The
property insurance coverage that would cover his loss is
✓ -:- Broad-form coverage.
Sharon and Robin joined in a business venture where they both share in business profits and
losses. Also involved in this venture is Larry, who has invested $50,000, which is the extent
of his liability in the business. Larry is a
✓ -:- Limited partner.
Freelance writer John owns a barn containing wheelbarrows, ladders, roofing shingles, a
lawn mower, clothes, some copyrights, two vehicles, and some miscellaneous personal
property. Which one of the following property items would be considered John's real
property?
✓ -:- Roofing shingles
4|P a g e | G r a d e A + | 2 0 2 0 2 5
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