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AINS 103 Exam Review With Questions And 100% ALL CORRECT ANSWERS
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JACKLINEAINS 103 Exam Review With Questions And 100% ALL CORRECT ANSWERS
Terms in this set (75)
In property insurance, the term "property in transit" C. Property while being transported by trucks, cars, buses, trains, airplanes, and ships
refers to which one of the following?
Extra expenses are expenses, in addition to ordinary B. Cost to rent temporary office space
expenses, that an organization incurs to mitigate the
effects of a business interruption. Which one of the
following is an example of an extra expense?
Radley Contracting Company is installing new B. Premises and operations liability
signage on the front of a building. George, a
passerby walking near the building is injured when a
Radley employee accidentally drops a tool from a
AINS 103 Exam Review
crane. George likely has the ability to assert which
one the following types of claim?
, Which one of the following entities would likely A. Paul the plumber
have the greatest completed operations loss
exposure?
A carrier that is prevented by an accident from B. The compensation the carrier receives for transporting cargo.
delivering the cargo aboard its ship may face an
exposure called loss of freight, which is
To be covered under a workers compensation A. Arise out of employees' job-related injuries and diseases
statute, an injury or disease (in most states) must
meet which one of the following requirements?
The unauthorized intrusion into a company's D. Intangible property
computer network resulting in damage to
intellectual property is best classified as which one
of the following types of cyber liability exposures?
An email was sent to a company's employees D. Damage to intangible property.
containing a harmful attachment. Several employees
opened the attachment which allowed hackers to
obtain customer contact information. This cyber risk
loss is
NH Manufacturing insures its building and personal A. Causes of loss form
property under the commercial property coverage
part of a commercial package policy (CPP). During a
blizzard, a portion of the building's roof collapsed
from the weight of snow. The risk 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 risk manager with
information on the covered perils?
Which one of the following is one of the covered Vandalism
causes of loss in the commercial property policy
Causes of Loss—Basic form?
Billy owns a baseball souvenir store in $275K
Cooperstown, NY. He insured his store under a
Building and Personal Property Coverage Form
(BPP) with a $275,000 limit and a $1,500 deductible.
A large fire in the store caused significant damage
amounting to $310,000 in covered damages. How
much would Billy's insurer pay under his BPP?
AINS 103 Exam Review
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