AINS 23 Full Practice Exam Questions and Answers – Updated 2024
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Course
2024/2025
Institution
2024/2025
AINS 23 Full Practice Exam Questions
and Answers – Updated 2024
1) Clarence entered into a contract bond that guarantees his insulation work will be free from
defects in materials and workmanship for a specified period of five years after completion of the
work. The type of bond used by Clare...
10) The condition of the Building and Person Property Coverage Form (BPP) that establishes a
method for the insurer and the insured to resolve disputes about the insured property's value
or amount of loss is referred to as the - Answer✔✔-Appraisal condition.
11) Which one of the following Commercial Crime Coverage Form insuring agreements provides
coverage on a full worldwide basis? - Answer✔✔-Forgery or alteration
12) Pedestrian Wilma was injured as a result of a contractor's negligence when the contractor
failed to adequately warn the public of a hazard when paving a road. Any resulting liability claim
by Wilma against the contractor would be considered to have arisen from the contractor's -
Answer✔✔-Premises and operations liability exposure.
13) Which one of the following statements is correct with respect to Coverage G-Barns,
Outbuildings and Other Farm Structures of the ISO farm program? - Answer✔✔-Coverage G is
used to insure all types of farm buildings and structures other than the dwelling and private
garages.
14) Which one of the following statements is correct with respect to the Causes of Loss-Basic
Form? - Answer✔✔-It excludes loss caused by earth movement, other than by sinkhole
collapse.
15) Three exclusions apply only to the Computer Fraud insuring agreement. These include credit
card transactions, inventory shortages and - Answer✔✔-Funds transfer fraud.
16) An insurer that writes Commercial General Liability (CGL) coverage develops a rate for which
one of the following? - Answer✔✔-Each business classification the insurer is willing to write.
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