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AINS 103 TEST|| ACTUAL STUDY GUIDE AINS 103 ACTUAL TEST 300+ QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+|| LATEST AND COMPLETE UPDATE 2024 WITH VERIFIED SOLUTIONS|| BRAND NEW!!!$28.99
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AINS 103 TEST|| ACTUAL STUDY GUIDE AINS 103 ACTUAL TEST 300+ QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+|| LATEST AND COMPLETE UPDATE 2024 WITH VERIFIED SOLUTIONS|| BRAND NEW!!!
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Course
AINS 103
Institution
AINS 103
AINS 103 TEST|| ACTUAL STUDY GUIDE AINS 103
ACTUAL TEST 300+ QUESTIONS AND CORRECT
ANSWERS ALREADY GRADED A+|| LATEST AND
COMPLETE UPDATE 2024 WITH VERIFIED
SOLUTIONS|| BRAND NEW!!!
AINS 103 TEST|| ACTUAL STUDY GUIDE AINS 103
ACTUAL TEST 300+ QUESTIONS AND CORRECT
ANSWERS ALREADY GRADED A+|| LATEST AND
COMPLETE UPDATE 2024 WITH VERIFIED
SOLUTIONS|| BRAND NEW!!!
A carrier that is prevented by an accident from delivering the cargo aboard its ship
may face an exposure called loss of freight, which is
The compensation the carrier receives for transporting cargo.
3 multiple choice options
Which one of the following statements is correct with respect to the Building and
Personal Property Coverage Form (BPP) deductible?
If an occurrence involves a loss that affects more than one category of covered
property and a separate limit of insurance applies to each category, losses to all
categories are totaled and the deductible applied to that total amount.
3 multiple choice options
Which one of the following statements is correct with respect to the Building and
Personal Property Coverage Form (BPP)?
Due to coverage extensions, it is possible for the total payment for one loss to
exceed the policy limit.
3 multiple choice options
,Page 2 of 74
Which one of the following would be considered an extra expense under the
Business Income (and Extra Expense) Coverage Form of the commercial package
policy?
The increased cost of rent at a temporary location
3 multiple choice options
Dooley's Restaurant is insured under a commercial package policy (CPP) with the
Business Income (with Extra Expense) Coverage Form. The business suffered a
$400,000 loss of business income when it was forced to suspend operations after
flood waters damaged the basement and first floor of the restaurant. Which one of
the following is an acceptable reason for the CPP insurer to deny the business
income claim?
The policy's covered causes of loss did not include flood.
3 multiple choice options
Lucy's Bakery is insured under a commercial package policy with the Business
Income (and Extra Expense) Coverage Form. A fire loss caused significant damage
to the building. When Lucy learned that it would take 9 months to repair the
building, she decided to temporarily relocate to a nearby rental location. All of the
following would be considered covered extra expenses under the Business Income
(and Extra Expense) Coverage Form, EXCEPT:
The salary of the assistant baker and cake decorator
3 multiple choice options
Richard's Clothing Store has a $500,000 Business Income (and Extra Expense)
Coverage Form on which there is an 80 percent coinsurance clause. A fire swept
through the store. Richard's Clothing Store estimates that its net income plus all
,Page 3 of 74
operating expenses for the policy period would have been $1,875,000. The
estimated business income loss is $300,000. How much will the insurer pay?
$100,000
3 multiple choice options
Suzanne is a commercial lines underwriter. Which one of the following
components of the general liability coverage forms would she use to tailor the form
to meet the specialized needs of an insured?
Endorsements
3 multiple choice options
Under Coverage A of the commercial general liability coverage form (CGL),
property damage would include all of the following, EXCEPT:
Infringement of copyright
3 multiple choice options
Leslie suffered a severe burn to her hand when her microwave oven manufactured
by LH Appliances caught fire. The fire also caused damage to her kitchen cabinets.
Two years later, Leslie decided to file a suit against the manufacturer when she
learned that microwaves manufactured by LH Appliances had been found
responsible for several other fires. LH Appliances was insured by an occurrence
version of the commercial general liability (CGL) coverage form with no
deductible or endorsements. Which one of the following correctly describes how
LH Appliances' CGL will apply to the claim?
The CGL will defend the insured, and pay both for both the bodily injury and
damages to the cabinets if found liable.
, Page 4 of 74
3 multiple choice options
Workers compensation benefits include which one of the following?
Rehabilitation benefits
3 multiple choice options
When a clothing manufacturer decides to expand the sale of its clothing line by
offering internet purchases, it creates new exposures not otherwise covered, or not
fully covered, by a traditional policy. These include
Loss or damage caused by computer viruses.
3 multiple choice options
Which one of the following supply chain exposures can a business mitigate by
carefully wording contracts and diversifying suppliers?
Loss of supply due to external events
3 multiple choice options
The commercial property coverage part of a commercial package policy contains
one or more commercial property coverage forms. Each coverage form typically
includes all of the following, EXCEPT:
A range of covered peril
3 multiple choice options
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