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