AINS 102 PRACTICE EXAM QUESTIONS
AND ANSWERS 100%CORRECT!!
, Inland marine floaters are flexible and can be used to cover both common and unusual
exposures. Inland marine floaters provide the producer with the opportunity to address
and sell coverage for: - ANSWER B. Property not adequately covered by the
homeowners policy.
Jack and Linda are meeting with their insurance agent to review their homeowners and
auto policies. The agent has suggested that they add an umbrella policy. Which one of
the following is the best reason the agent will likely provide for purchasing this
coverage? - ANSWER A. To provide increased limits for large jury awards
The HO-5 policy is designed to meet the risk management needs of - ANSWER A.
Owner-occupants of dwellings who would like the broadest coverage available among
ISO's forms for their property.
Coverage A—Dwelling of an HO-3 policy applies to which one of the following? -
ANSWER A. Deck attached to the insured dwelling
Which one of the following is considered real property? - ANSWER B. A brick storage
shed
Joe keeps a tiger cub as a pet in his fenced-in backyard. The tiger escapes and bites a
neighbor's child who requires stitches. Joe argues that keeping the tiger violated no law
and that he took every precaution to restrain the tiger. Even if Joe is correct, he might
face a claim for damages based upon which one of the following? - ANSWER A.
Absolute liability
A claim for money damages because of injury to another party or damage to another
party's property best describes - ANSWER C. A liability loss.
Which one of the following statements is true regarding no-fault automobile insurance? -
ANSWER B. Most no-fault laws apply only to bodily injury and not to property damage.
Sally has an unendorsed HO-3 policy. Sally's swimming pool was drained by vandals
who opened a drain valve. The water was replaced at a cost of $2,500 to Sally,
including labor to deliver and pump the water. The HO-3 policy - ANSWER A. Does not
cover the cost of the replaced water.
AND ANSWERS 100%CORRECT!!
, Inland marine floaters are flexible and can be used to cover both common and unusual
exposures. Inland marine floaters provide the producer with the opportunity to address
and sell coverage for: - ANSWER B. Property not adequately covered by the
homeowners policy.
Jack and Linda are meeting with their insurance agent to review their homeowners and
auto policies. The agent has suggested that they add an umbrella policy. Which one of
the following is the best reason the agent will likely provide for purchasing this
coverage? - ANSWER A. To provide increased limits for large jury awards
The HO-5 policy is designed to meet the risk management needs of - ANSWER A.
Owner-occupants of dwellings who would like the broadest coverage available among
ISO's forms for their property.
Coverage A—Dwelling of an HO-3 policy applies to which one of the following? -
ANSWER A. Deck attached to the insured dwelling
Which one of the following is considered real property? - ANSWER B. A brick storage
shed
Joe keeps a tiger cub as a pet in his fenced-in backyard. The tiger escapes and bites a
neighbor's child who requires stitches. Joe argues that keeping the tiger violated no law
and that he took every precaution to restrain the tiger. Even if Joe is correct, he might
face a claim for damages based upon which one of the following? - ANSWER A.
Absolute liability
A claim for money damages because of injury to another party or damage to another
party's property best describes - ANSWER C. A liability loss.
Which one of the following statements is true regarding no-fault automobile insurance? -
ANSWER B. Most no-fault laws apply only to bodily injury and not to property damage.
Sally has an unendorsed HO-3 policy. Sally's swimming pool was drained by vandals
who opened a drain valve. The water was replaced at a cost of $2,500 to Sally,
including labor to deliver and pump the water. The HO-3 policy - ANSWER A. Does not
cover the cost of the replaced water.
