Page 1 of 39
“ACA FINAL PRACTICE EXAM”LATEST EXAM
SOLVED QUESTIONS & ANSWERS VERIFIED
100% GRADED A+ (LATEST VERSION) WELL
REVISED 100% GUARANTEE PASS
ACA Final Exam
A furniture manufacturing business wanted to serve free beer at its company
picnic. What is required for this business to have liability coverage for liquor
consumption at the picnic?
The business CGL policy will cover this exposure
The business CGL requires the liquor liability form in this case
The business CGL should have the "extension of coverage"
endorsementThere is no way liability for alcoholic beverages can be included
under CGL
The business CGL policy will cover this exposure
Insurance agents and adjusters may have their professional activities covered
under a type of liability insurance called:
Owners Protective LiabilityEmployment Related Practices LiabilityMalpractice
LiabilityErrors and Omissions Liability
Errors and Omissions Liability
The following are employees who must have workers compensation EXCEPT:
Government employees
Pro athletes
, Page 2 of 39
Construction industry workers in companies with 1 employee
Private employers with 4 or more employees
Pro athletes
All the following are components of the Workers Compensation EXCEPT:
Unlimited death benefits
Reimbursement for medical expenses incurred
Replacement for lost wages on a percentage basis
Funeral costs up to $7500
Unlimited death benefits
What is the limit on medical benefits under Workers Compensation?
66 2/3 % of medical costs
All medical costs with no limit
All medical costs up to the $150,000 death benefit
All medical costs up to the 100/100/500 employer liability limit
All medical costs with no limit
If an insured's administrative assistant fraudulently forged the insured's name
on a check, and cashed it, which of the following would cover this event?
Employee theft
Forgery or alteration
Robbery
Premises burglary
Employee theft
Which of the following type of employee theft best fits a business with a large
turnover in its personnel?
The Name Schedule coverage
The Basic Extended Reporting Period
The Blanket coverage
The firm should reduce its number of employees
The Blanket coverage
, Page 3 of 39
Insurance is considered a two-party contract, Surety Bonds are considered
not a contractalso a two-party contract
a three-party contract
final payments
a three-party contract
The Surety attempts to avoid default by investigating the principal with regard
to:
CharacterCapabilityCollateralAll of the above
All of the above
A builder contracted for framing on a new section of a hospital. There is a
surety bond purchased to guarantee completion of the project. Which of the
following best describes the hospital position in the surety bond?
The hospital is the obligee
The hospital is the principalThe hospital is the suretyThe hospital is the
indemnitor
The hospital is the obligee
A health insurance policy was issued containing the provision that the
insurance company must renew the policy to a particular age and could NOT
adjust the premiums. What is this policy called?
A non-cancelable policy
A major medical policy
An optionally renewable policy
A guaranteed renewable policy
A non-cancelable policy
What type of health insurance plan usually offers the broadest coverage at the
lowest cost with the most freedom of choice?
Group Insurance PPO
Group Insurance HMOPrivate Insurance PolicyPrivate Insurance HMO
Group Insurance PPO
, Page 4 of 39
It has been said that "The French Revolution marked the beginning of a new
era in archives administration." Which of the following developments makes
the French Revolution such a watershed in archival history?
1) It was during this time that the principle of the accessibility of archival
records to the public was established.
2) Beginning in 1789, government offices initiated the practice of permanently
retaining both incoming and outgoing copies of official correspondence.
3) French archivists from that period established the theory that archival
records should be appraised on the basis of evidential and informational
value.
4) It marked the first time that a government agency codified the different roles
of public librarians and archivists who keep public records.
1) It was during this time that the principle of the accessibility of archival records to
the public was established.
Which one of the following categories of government records is expressly
covered by the United States Freedom of Information Act (FOIA)?
1) Judicial branch.
2) Executive branch
3) Legislative branch
4) All records of the federal government.
2) Executive branch
The newly hired archivist of a local historical society in a town of 10,000
people wishes to raise funds for publicity and outreach. The first step is to:
1) send a letter of appeal to members of the community.
“ACA FINAL PRACTICE EXAM”LATEST EXAM
SOLVED QUESTIONS & ANSWERS VERIFIED
100% GRADED A+ (LATEST VERSION) WELL
REVISED 100% GUARANTEE PASS
ACA Final Exam
A furniture manufacturing business wanted to serve free beer at its company
picnic. What is required for this business to have liability coverage for liquor
consumption at the picnic?
The business CGL policy will cover this exposure
The business CGL requires the liquor liability form in this case
The business CGL should have the "extension of coverage"
endorsementThere is no way liability for alcoholic beverages can be included
under CGL
The business CGL policy will cover this exposure
Insurance agents and adjusters may have their professional activities covered
under a type of liability insurance called:
Owners Protective LiabilityEmployment Related Practices LiabilityMalpractice
LiabilityErrors and Omissions Liability
Errors and Omissions Liability
The following are employees who must have workers compensation EXCEPT:
Government employees
Pro athletes
, Page 2 of 39
Construction industry workers in companies with 1 employee
Private employers with 4 or more employees
Pro athletes
All the following are components of the Workers Compensation EXCEPT:
Unlimited death benefits
Reimbursement for medical expenses incurred
Replacement for lost wages on a percentage basis
Funeral costs up to $7500
Unlimited death benefits
What is the limit on medical benefits under Workers Compensation?
66 2/3 % of medical costs
All medical costs with no limit
All medical costs up to the $150,000 death benefit
All medical costs up to the 100/100/500 employer liability limit
All medical costs with no limit
If an insured's administrative assistant fraudulently forged the insured's name
on a check, and cashed it, which of the following would cover this event?
Employee theft
Forgery or alteration
Robbery
Premises burglary
Employee theft
Which of the following type of employee theft best fits a business with a large
turnover in its personnel?
The Name Schedule coverage
The Basic Extended Reporting Period
The Blanket coverage
The firm should reduce its number of employees
The Blanket coverage
, Page 3 of 39
Insurance is considered a two-party contract, Surety Bonds are considered
not a contractalso a two-party contract
a three-party contract
final payments
a three-party contract
The Surety attempts to avoid default by investigating the principal with regard
to:
CharacterCapabilityCollateralAll of the above
All of the above
A builder contracted for framing on a new section of a hospital. There is a
surety bond purchased to guarantee completion of the project. Which of the
following best describes the hospital position in the surety bond?
The hospital is the obligee
The hospital is the principalThe hospital is the suretyThe hospital is the
indemnitor
The hospital is the obligee
A health insurance policy was issued containing the provision that the
insurance company must renew the policy to a particular age and could NOT
adjust the premiums. What is this policy called?
A non-cancelable policy
A major medical policy
An optionally renewable policy
A guaranteed renewable policy
A non-cancelable policy
What type of health insurance plan usually offers the broadest coverage at the
lowest cost with the most freedom of choice?
Group Insurance PPO
Group Insurance HMOPrivate Insurance PolicyPrivate Insurance HMO
Group Insurance PPO
, Page 4 of 39
It has been said that "The French Revolution marked the beginning of a new
era in archives administration." Which of the following developments makes
the French Revolution such a watershed in archival history?
1) It was during this time that the principle of the accessibility of archival
records to the public was established.
2) Beginning in 1789, government offices initiated the practice of permanently
retaining both incoming and outgoing copies of official correspondence.
3) French archivists from that period established the theory that archival
records should be appraised on the basis of evidential and informational
value.
4) It marked the first time that a government agency codified the different roles
of public librarians and archivists who keep public records.
1) It was during this time that the principle of the accessibility of archival records to
the public was established.
Which one of the following categories of government records is expressly
covered by the United States Freedom of Information Act (FOIA)?
1) Judicial branch.
2) Executive branch
3) Legislative branch
4) All records of the federal government.
2) Executive branch
The newly hired archivist of a local historical society in a town of 10,000
people wishes to raise funds for publicity and outreach. The first step is to:
1) send a letter of appeal to members of the community.
