AINS 102 SIMULATED EXAM
QUESTIONS AND CORRECT
ANSWERS
Joe keeps a tiger cub as a pet in his fenced-
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in backyard. The tiger escapes and bites a neighbor's child who requires stitches. Jo
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e argues that keeping the tiger violated no law and that he took every precaution to
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wrestrain the tiger. Even if Joe is correct, he might face a claim for damages based
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upon which one of the following? - ans-Absolute liability
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A claim for money damages because of injury to another party or damage to anothe
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r party's property best describes - ans-A liability loss.
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Which one of the following statements is true regarding no-
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fault automobile insurance? - ans-Most no-
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fault laws apply only to bodily injury and not to property damage.
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Sally has an unendorsed HO-
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3 policy. Sally's swimming pool was drained by vandals who opened a drain valve.
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The water was replaced at a cost of $2,500 to Sally, including labor to deliver and p
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ump the water. The HO-3 policy - ans-
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Does not cover the cost of the replaced water.
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Jack and Linda are meeting with their insurance agent to review their homeowners
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and auto policies. The agent has suggested that they add an umbrella policy. Which
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wone of the following is the best reason the agent will likely provide for purchasing th
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is coverage? - ans-To provide increased limits for large jury awards
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Which one of the following is considered real property? - ans-A brick storage shed
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QUESTIONS AND CORRECT
ANSWERS
Joe keeps a tiger cub as a pet in his fenced-
sw sw sw sw sw sw sw sw sw sw
in backyard. The tiger escapes and bites a neighbor's child who requires stitches. Jo
sw sw sw sw sw sw sw sw sw sw sw sw sw
e argues that keeping the tiger violated no law and that he took every precaution to
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw s
wrestrain the tiger. Even if Joe is correct, he might face a claim for damages based
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
upon which one of the following? - ans-Absolute liability
sw sw sw sw sw sw sw sw
A claim for money damages because of injury to another party or damage to anothe
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
r party's property best describes - ans-A liability loss.
sw sw sw sw sw sw sw sw
Which one of the following statements is true regarding no-
sw sw sw sw sw sw sw sw sw
fault automobile insurance? - ans-Most no-
sw sw sw sw sw
fault laws apply only to bodily injury and not to property damage.
sw sw sw sw sw sw sw sw sw sw sw
Sally has an unendorsed HO-
sw sw sw sw
3 policy. Sally's swimming pool was drained by vandals who opened a drain valve.
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
The water was replaced at a cost of $2,500 to Sally, including labor to deliver and p
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
ump the water. The HO-3 policy - ans-
sw sw sw sw sw sw sw
Does not cover the cost of the replaced water.
sw sw sw sw sw sw sw sw
Jack and Linda are meeting with their insurance agent to review their homeowners
sw sw sw sw sw sw sw sw sw sw sw sw sw
and auto policies. The agent has suggested that they add an umbrella policy. Which
sw sw sw sw sw sw sw sw sw sw sw sw sw s
wone of the following is the best reason the agent will likely provide for purchasing th
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
is coverage? - ans-To provide increased limits for large jury awards
sw sw sw sw sw sw sw sw sw sw
Which one of the following is considered real property? - ans-A brick storage shed
sw sw sw sw sw sw sw sw sw sw sw sw sw
