AINS 23 Full Practice Exam Questions and
Answers
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 Clarence is a - ANSWER...
8) The Causes of Loss-Special Form provides coverage for which one of the following scenarios? -
ANSWER✔✔-The melting of ice, sleet, or snow on the building or structure.
9) Which one of the following is the coinsurance basis under a Business Income Coverage Form (BIC)? -
ANSWER✔✔-The projected net income and all operating expenses except for certain deductible items.
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.
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