AU 61 Questions with CORRECT Answers
Question:
David, a commercial property underwriter, has recently been assigned to the New
England territory. He is learning that the risk of collapse in New England is very different
from the exposure in his prior territory in Florida. Which one of the following types of
roofs are most likely to collapse due to the weight of ice, snow, or sleet?
Answer:
Large open span roofs.
Question:
A data breach of an online retailer's website exposed the personally identifiable
information of its customers. All of the following are expected costs resulting from this
type of cyber loss, EXCEPT:
Answer:
Property damage.
Question:
The computer system at Susan's dog-grooming business suffers a cyber-attack, and the
damage is such that the business is unable to reopen for several days until systems are
restored. This is an example of which one of the following types of intangible property
loss?
Answer:
Business interruption.
Question:
Actuaries for Business Guard Insurance have zoned the states in which they provide
insurance by crime rate incidences and severity. In this manner, customers in
crime-laden areas pay a higher premium than do rural customers, or are simply denied
coverage. This practice results in a more appropriate premium and serves as a tool for
limiting the financial effect on Business Guard. Underwriters for Business Guard
Insurance are particularly concerned about riot related losses in inner city areas.
Answer:
Redlining.
Question:
David, a commercial property underwriter, has recently been assigned to the New
England territory. He is learning that the risk of collapse in New England is very different
from the exposure in his prior territory in Florida. Which one of the following types of
roofs are most likely to collapse due to the weight of ice, snow, or sleet?
Answer:
Large open span roofs.
Question:
A data breach of an online retailer's website exposed the personally identifiable
information of its customers. All of the following are expected costs resulting from this
type of cyber loss, EXCEPT:
Answer:
Property damage.
Question:
The computer system at Susan's dog-grooming business suffers a cyber-attack, and the
damage is such that the business is unable to reopen for several days until systems are
restored. This is an example of which one of the following types of intangible property
loss?
Answer:
Business interruption.
Question:
Actuaries for Business Guard Insurance have zoned the states in which they provide
insurance by crime rate incidences and severity. In this manner, customers in
crime-laden areas pay a higher premium than do rural customers, or are simply denied
coverage. This practice results in a more appropriate premium and serves as a tool for
limiting the financial effect on Business Guard. Underwriters for Business Guard
Insurance are particularly concerned about riot related losses in inner city areas.
Answer:
Redlining.
