AINS 102 Practice Exam Questions With 100% Verified Solutions 2026
1. Inland marine floaters are flexible and can be used B. Property not adequately
to cover both common and unusual exposures. Inland covered by the homeown-
marine floaters provide the producer with the oppor- ers policy.
tunity to address and sell coverage for:
2. Jack and Linda are meeting with their insurance agent A. To provide increased
to review their homeowners and auto policies. The limits for large jury awards
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?
3. The HO-5 policy is designed to meet the risk manage- A. Owner-occupants of
ment needs of dwellings who would like
the broadest coverage
available among ISO's
forms for their property.
4. Coverage A—Dwelling of an HO-3 policy applies to A. Deck attached to the in-
which one of the following? sured dwelling
5. Which one of the following is considered real property? B. A brick storage shed
6. Joe keeps a tiger cub as a pet in his fenced-in backyard. A. Absolute liability
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?
7. A claim for money damages because of injury to anoth- C. A liability loss.
er party or damage to another party's property best
describes
, AINS 102 Practice Exam Questions With 100% Verified Solutions 2026
8. Which one of the following statements is true regard- B. Most no-fault laws apply
ing no-fault automobile insurance? only to bodily injury and
not to property damage.
9. Sally has an unendorsed HO-3 policy. Sally's swimming A. Does not cover the cost
pool was drained by vandals who opened a drain valve. of the replaced water.
The water was replaced at a cost of $2,500 to Sally,
including labor to deliver and pump the water. The
HO-3 policy
10. If a claim is paid under Coverage F—Medical Payments C. The payment is not an
to Others of a homeowners policy, a policy condition admission of liability by
makes it clear that the insured or the insurer.
11. Collision coverage under the Personal Auto Policy A. Applies to damage to a
(PAP) parked insured vehicle re-
sulting from a passenger
in another parked vehicle
opening its door.
12. A retail chain sometimes requires its clerks to use their C. Will pay nothing.
own cars to transfer special order merchandise from
one store to another. Tamika, one of its employees,
was moving items from one location to another in her
station wagon which is insured with a Personal Auto
Policy (PAP). Tamika was injured in an auto accident
along the way, and her medical bills can be paid by
her employer's workers compensation insurance. Her
medical payments coverage under her PAP
13. B. Is supplemental to the
liability limit.
1. Inland marine floaters are flexible and can be used B. Property not adequately
to cover both common and unusual exposures. Inland covered by the homeown-
marine floaters provide the producer with the oppor- ers policy.
tunity to address and sell coverage for:
2. Jack and Linda are meeting with their insurance agent A. To provide increased
to review their homeowners and auto policies. The limits for large jury awards
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?
3. The HO-5 policy is designed to meet the risk manage- A. Owner-occupants of
ment needs of dwellings who would like
the broadest coverage
available among ISO's
forms for their property.
4. Coverage A—Dwelling of an HO-3 policy applies to A. Deck attached to the in-
which one of the following? sured dwelling
5. Which one of the following is considered real property? B. A brick storage shed
6. Joe keeps a tiger cub as a pet in his fenced-in backyard. A. Absolute liability
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?
7. A claim for money damages because of injury to anoth- C. A liability loss.
er party or damage to another party's property best
describes
, AINS 102 Practice Exam Questions With 100% Verified Solutions 2026
8. Which one of the following statements is true regard- B. Most no-fault laws apply
ing no-fault automobile insurance? only to bodily injury and
not to property damage.
9. Sally has an unendorsed HO-3 policy. Sally's swimming A. Does not cover the cost
pool was drained by vandals who opened a drain valve. of the replaced water.
The water was replaced at a cost of $2,500 to Sally,
including labor to deliver and pump the water. The
HO-3 policy
10. If a claim is paid under Coverage F—Medical Payments C. The payment is not an
to Others of a homeowners policy, a policy condition admission of liability by
makes it clear that the insured or the insurer.
11. Collision coverage under the Personal Auto Policy A. Applies to damage to a
(PAP) parked insured vehicle re-
sulting from a passenger
in another parked vehicle
opening its door.
12. A retail chain sometimes requires its clerks to use their C. Will pay nothing.
own cars to transfer special order merchandise from
one store to another. Tamika, one of its employees,
was moving items from one location to another in her
station wagon which is insured with a Personal Auto
Policy (PAP). Tamika was injured in an auto accident
along the way, and her medical bills can be paid by
her employer's workers compensation insurance. Her
medical payments coverage under her PAP
13. B. Is supplemental to the
liability limit.
