AINS 103 Exam Review
A service is prevented from delivering cargo aboard its deliver due to an accident that took
place at the same time as at sea. One of the losses the carrier can also face is lack of
freight. Loss of freight refers to which one of the following? - ANS-D. The repayment the
carrier receives for transporting cargo.
A carrier that is prevented via an accident from delivering the shipment aboard its ship might
also face an exposure known as loss of freight, that's - ANS-B. The repayment the provider
gets for transporting cargo.
A enterprise owns land this is used as a softball diamond and recreational park for hosting
employee picnics. Once a yr the organisation also lets in a non-earnings agency to keep a
softball sport on those premises. During this yr's softball sport, the director of the non-profit
became injured whilst a softball hit him in the head. He asked the business enterprise that
owns the land to pay for his journey to the emergency room. The corporation's unendorsed
Commercial General Liability policy - ANS-D. Does no longer cowl the director's injuries
sustained due to the fact they happened all through an athletic event.
A personal business enterprise posted a video at the net introducing a new product. The
tune used inside the video was from a copyrighted music. When the employer sought
insurance underneath Part B in their Commercial General Liability (CGL) Coverage Form
after a claim was filed against them for damages, insurance will maximum in all likelihood be
excluded based totally on which one of the following exclusions? - ANS-B. Coverage for
infringement of copyright, patent, emblems, or exchange mystery are excluded except it
happens in an commercial exclusion
An animal broken the interior of an insured's vehicle even as it became parked with the
home windows down. Which one of the following styles of bodily damage coverage
underneath the Business Auto Coverage Form (BACF) could cowl this loss? -
ANS-Comprehensive
An email changed into sent to a agency's personnel containing a harmful attachment.
Several employees opened the attachment which allowed hackers to acquire customer
contact facts. This cyber threat loss is - ANS-D. Damage to intangible assets.
An insured maintains his truck in a garage. A deer gets trapped in the storage and, in an try
and get away, climbs on pinnacle of the truck, breaking the windshield and inflicting
numerous dents within the hood. The insured's Business Auto Coverage Form (BACF)
affords bodily harm coverage for designated reasons of loss with a $a hundred deductible
and collision with a $250 deductible. It will value the insured $750 to replace the damaged
windshield and $1,200 to restore the dents. How an awful lot, if anything, will the business
automobile insurer pay for this loss? - ANS-$0
, Anita is the claims manager for the Mid-Atlantic place. She knows that the longer that legal
responsibility claims live open, the higher the final agreement value. Anita wants to use
statistics analytics to help her expect the very last agreement quantity of slip and falls claims
that remain open for extra twelve months. She could also like to see how plenty the quantity
varies within the exclusive geographic regions within her territory. Which one of the following
methods might assist Anita expect the fee of the claims with those attributes? - ANS-A.
Cluster evaluation
Austin cut his finger at the same time as working at a jobsite for Walsh Builders. He needed
to go to a health facility, where he acquired 5 stitches and a tetanus vaccine. When he
received the clinic invoice for $990, Austin made a claim underneath Coverage C—Medical
Payments of Walsh Builders' CGL policy. Which one of the following motives might the CGL
insurer use for denying Austin's declare? - ANS-A. He is entitled to employees compensation
advantages.
Ava is Regional Manager for Goshen Mutual. She is looking during the last vehicle losses for
Disposal Inc. She is monitoring the revel in of their drivers, the vicinity of injuries, and the
severity of the injury to their personnel and the general public. She is trying to decide the
frequency and severity of the automobile exposure for Disposal and to use the destiny
fashions to suggest in which Disposal allocates their loss prevention sources. Which one of
the following forms of analysis is Ava using to assist Disposal deal with their vehicle
exposure? - ANS-C. Predictive Modeling
Billy owns a baseball souvenir store in Cooperstown, NY. He insured his keep below a
Building and Personal Property Coverage Form (BPP) with a $275,000 restriction and a
$1,500 deductible. A big hearth in the shop caused widespread harm amounting to $310,000
in included damages. How tons could Billy's insurer pay below his BPP? - ANS-$275K
Business income insurance covers which one of the following varieties of losses that might
result from a fireplace? - ANS-A. The greater charges for renting a brief workplace
Chuckie's chook distributor researches the advantages of consuming bird versus consuming
pork. In November 2011, Chuckie's publishes a brochure outlining the capability health
dangers of eating pork and explaining why hen is a more fit opportunity. Chuckie continues
to post and distribute the equal brochure for 6 months. In March 2012, several pork vendors
file a suit in opposition to Chuckie's for non-public and advertising and marketing injury.
Which one of the following exclusions would observe to this declare underneath Coverage B
of Chuckie's Commercial General Liability Coverage Form (CGL) with a policy length of
January 2012 - January 2013? - ANS-C. Material posted prior to the coverage duration
Considering the claims manner, which one of the following statistics analysis strategies
begins with statistics evaluation of claims hobby logs to identify steps taken for claims and
the timing of them? - ANS-A. Process mining
Danforth Grocery Store specializes in sparkling produce and is open 24 hours 12
months-round. The shop has contracts with providers to deliver produce and foods by using
5:00 a.M. Day by day, so the parking area on the rear of the store is congested from 4:30
a.M. To 5:30 a.M. Customer visitors is heaviest from 7:00 a.M. To 9:00 a.M. And once more
A service is prevented from delivering cargo aboard its deliver due to an accident that took
place at the same time as at sea. One of the losses the carrier can also face is lack of
freight. Loss of freight refers to which one of the following? - ANS-D. The repayment the
carrier receives for transporting cargo.
A carrier that is prevented via an accident from delivering the shipment aboard its ship might
also face an exposure known as loss of freight, that's - ANS-B. The repayment the provider
gets for transporting cargo.
A enterprise owns land this is used as a softball diamond and recreational park for hosting
employee picnics. Once a yr the organisation also lets in a non-earnings agency to keep a
softball sport on those premises. During this yr's softball sport, the director of the non-profit
became injured whilst a softball hit him in the head. He asked the business enterprise that
owns the land to pay for his journey to the emergency room. The corporation's unendorsed
Commercial General Liability policy - ANS-D. Does no longer cowl the director's injuries
sustained due to the fact they happened all through an athletic event.
A personal business enterprise posted a video at the net introducing a new product. The
tune used inside the video was from a copyrighted music. When the employer sought
insurance underneath Part B in their Commercial General Liability (CGL) Coverage Form
after a claim was filed against them for damages, insurance will maximum in all likelihood be
excluded based totally on which one of the following exclusions? - ANS-B. Coverage for
infringement of copyright, patent, emblems, or exchange mystery are excluded except it
happens in an commercial exclusion
An animal broken the interior of an insured's vehicle even as it became parked with the
home windows down. Which one of the following styles of bodily damage coverage
underneath the Business Auto Coverage Form (BACF) could cowl this loss? -
ANS-Comprehensive
An email changed into sent to a agency's personnel containing a harmful attachment.
Several employees opened the attachment which allowed hackers to acquire customer
contact facts. This cyber threat loss is - ANS-D. Damage to intangible assets.
An insured maintains his truck in a garage. A deer gets trapped in the storage and, in an try
and get away, climbs on pinnacle of the truck, breaking the windshield and inflicting
numerous dents within the hood. The insured's Business Auto Coverage Form (BACF)
affords bodily harm coverage for designated reasons of loss with a $a hundred deductible
and collision with a $250 deductible. It will value the insured $750 to replace the damaged
windshield and $1,200 to restore the dents. How an awful lot, if anything, will the business
automobile insurer pay for this loss? - ANS-$0
, Anita is the claims manager for the Mid-Atlantic place. She knows that the longer that legal
responsibility claims live open, the higher the final agreement value. Anita wants to use
statistics analytics to help her expect the very last agreement quantity of slip and falls claims
that remain open for extra twelve months. She could also like to see how plenty the quantity
varies within the exclusive geographic regions within her territory. Which one of the following
methods might assist Anita expect the fee of the claims with those attributes? - ANS-A.
Cluster evaluation
Austin cut his finger at the same time as working at a jobsite for Walsh Builders. He needed
to go to a health facility, where he acquired 5 stitches and a tetanus vaccine. When he
received the clinic invoice for $990, Austin made a claim underneath Coverage C—Medical
Payments of Walsh Builders' CGL policy. Which one of the following motives might the CGL
insurer use for denying Austin's declare? - ANS-A. He is entitled to employees compensation
advantages.
Ava is Regional Manager for Goshen Mutual. She is looking during the last vehicle losses for
Disposal Inc. She is monitoring the revel in of their drivers, the vicinity of injuries, and the
severity of the injury to their personnel and the general public. She is trying to decide the
frequency and severity of the automobile exposure for Disposal and to use the destiny
fashions to suggest in which Disposal allocates their loss prevention sources. Which one of
the following forms of analysis is Ava using to assist Disposal deal with their vehicle
exposure? - ANS-C. Predictive Modeling
Billy owns a baseball souvenir store in Cooperstown, NY. He insured his keep below a
Building and Personal Property Coverage Form (BPP) with a $275,000 restriction and a
$1,500 deductible. A big hearth in the shop caused widespread harm amounting to $310,000
in included damages. How tons could Billy's insurer pay below his BPP? - ANS-$275K
Business income insurance covers which one of the following varieties of losses that might
result from a fireplace? - ANS-A. The greater charges for renting a brief workplace
Chuckie's chook distributor researches the advantages of consuming bird versus consuming
pork. In November 2011, Chuckie's publishes a brochure outlining the capability health
dangers of eating pork and explaining why hen is a more fit opportunity. Chuckie continues
to post and distribute the equal brochure for 6 months. In March 2012, several pork vendors
file a suit in opposition to Chuckie's for non-public and advertising and marketing injury.
Which one of the following exclusions would observe to this declare underneath Coverage B
of Chuckie's Commercial General Liability Coverage Form (CGL) with a policy length of
January 2012 - January 2013? - ANS-C. Material posted prior to the coverage duration
Considering the claims manner, which one of the following statistics analysis strategies
begins with statistics evaluation of claims hobby logs to identify steps taken for claims and
the timing of them? - ANS-A. Process mining
Danforth Grocery Store specializes in sparkling produce and is open 24 hours 12
months-round. The shop has contracts with providers to deliver produce and foods by using
5:00 a.M. Day by day, so the parking area on the rear of the store is congested from 4:30
a.M. To 5:30 a.M. Customer visitors is heaviest from 7:00 a.M. To 9:00 a.M. And once more
