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AINS 103 EXAM || ACTUAL EXAM WITH 200+ QUESTIONS AND CORRECT ANSWERS|| RECENT AND COMPLETE VERSION WITH EXPERT VERIFIED SOLUTIONS|| BRAND NEW!!!$28.49
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AINS 103 EXAM || ACTUAL EXAM 2024-2025 WITH
200+ QUESTIONS AND CORRECT ANSWERS||
RECENT AND COMPLETE VERSION 2024-2025
WITH EXPERT VERIFIED SOLUTIONS|| BRAND
NEW!!!
During a mid-year review of one of her large accounts, Annette noticed that the
frequency and severity of auto losses had been trending downward over the past 18
months. When she consulted with the account's risk management team, she learned
that the insured had installed telematics devices in many of their vehicles. This
information would help support Annette's decision to
A. Add a special endorsement to the policy.
B. Propose a premium increase at renewal time.
C. Increase the physical damage deductible.
D. Propose a premium reduction at renewal time.
D. Propose a premium reduction at renewal time.
In an effort to control its loss exposures, Furlong Distributing uses a network of
objects that transmit data to each other and to central hubs through the internet.
This network is known as
A. Social media.
B. A big data network.
C. Artificial intelligence.
D. The Internet of Things.
D. The Internet of Things.
,Page 2 of 24
Which one of the following lists the two distinct benefits of enterprise risk
management (ERM)?
A. Improved decision making and better communication
B. Compliance with legal requirements and compliance with regulatory
requirements
C. The embracing of risk and a spirit of cooperation
D. Increased profitability and increased economic efficiency
A. Improved decision making and better communication
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?
A. Kelly Plumbing
B. Springfield Bank
C. Ted's Coffee Shop
D. Rose's Dress Shop
B. Springfield Bank
Which one of the following is the first component of a businessowners policy
(BOP)?
, Page 3 of 24
A. Endorsements
B. Conditions
C. Coverage form
D. Declarations
D. Declarations
Which one of the following is a category of business personal property?
A. Outdoor fixtures
B. Office equipment
C. Completed additions
D. Permanently installed equipment
B. Office equipment
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?
A. The security fence that surrounds the building
B. The outdoor lighting fixtures
C. The land that the building sits on
D. Permanently installed fixtures and improvements paid for by tenants
B. The outdoor lighting fixtures
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