AINS 103 Test
Workers compensation benefits encompass which one of the following?
Rehabilitation benefits
three multiple preference options
When a clothing manufacturer comes to a decision to extend the sale of its clothing line with
the aid of supplying internet purchases, it creates new exposures now not in any other case
included, or no longer fully protected, through a traditional policy. These include
Loss or damage resulting from computer viruses.
3 multiple desire options
Which one of the following supply chain exposures can a business mitigate through
cautiously wording contracts and diversifying providers?
Loss of deliver due to external occasions
three more than one desire options
The business assets coverage a part of a commercial bundle coverage incorporates one or
extra commercial belongings coverage paperwork. Each insurance shape generally consists
of all the following, EXCEPT:
A variety of protected peril
3 more than one desire alternatives
Which one of the following statements fine describes the Causes of Loss—Special Form?
The Special Form affords insurance for direct physical losses aside from those which are
mainly excluded.
Three more than one choice alternatives
Which one of the following first-rate describes actual property?
Tangible assets that consists of land, systems completely attached to the land, and anything
is developing on the land.
3 multiple desire options
During a enterprise interruption, some of the business enterprise's charges, referred to as
persevering with prices, will hold, and different costs, known as noncontinuing charges, will
now not keep. Which one of the following is an instance of a persevering with price?
Payroll of key employees
3 more than one preference alternatives
,A vehicle owner had a tire shop set up 4 new wheels and tires at the vehicle. On the way
domestic from the shop, one of the wheels got here off, inflicting the vehicle to by chance run
off the street and strike a tree. The car proprietor sued the tire keep for failing to well tighten
the lug nuts on the vehicle. The loss exposure faced via the tire shop in this example is
referred to as
Completed operations legal responsibility.
Three a couple of choice options
Which one of the following entities could in all likelihood have the greatest completed
operations loss exposure?
Paul the plumber
three multiple preference options
A carrier this is avoided with the aid of an twist of fate from turning in the cargo aboard its
ship may additionally face an publicity referred to as loss of freight, that's
The compensation the provider receives for transporting shipment.
3 multiple choice alternatives
Which one of the following statements is correct with admire to the Building and Personal
Property Coverage Form (BPP) deductible?
If an occurrence entails a loss that impacts more than one class of included belongings and
a separate restrict of insurance applies to every class, losses to all categories are totaled
and the deductible applied to that general amount.
Three a couple of desire alternatives
Which one of the following statements is correct with appreciate to the Building and Personal
Property Coverage Form (BPP)?
Due to coverage extensions, it's miles feasible for the total charge for one loss to exceed the
policy restrict.
Three multiple choice alternatives
Which one of the following would be taken into consideration a further cost beneath the
Business Income (and Extra Expense) Coverage Form of the commercial bundle policy?
The accelerated price of hire at a temporary region
3 a couple of desire options
Dooley's Restaurant is insured below a industrial bundle policy (CPP) with the Business
Income (with Extra Expense) Coverage Form. The business suffered a $four hundred,000
lack of enterprise income when it changed into compelled to suspend operations after flood
waters broken the basement and primary ground of the restaurant. Which one of the
following is a suitable motive for the CPP insurer to disclaim the business profits claim?
, The coverage's blanketed reasons of loss did no longer consist of flood.
Three a couple of preference options
Lucy's Bakery is insured beneath a industrial package deal coverage with the Business
Income (and Extra Expense) Coverage Form. A fireplace loss brought on full-size damage to
the constructing. When Lucy found out that it'd take 9 months to repair the building, she
determined to quickly relocate to a nearby rental location. All of the following might be
considered covered more expenses below the Business Income (and Extra Expense)
Coverage Form, EXCEPT:
The income of the assistant baker and cake decorator
three more than one desire alternatives
Richard's Clothing Store has a $500,000 Business Income (and Extra Expense) Coverage
Form on which there is an 80 percentage coinsurance clause. A fire swept via the shop.
Richard's Clothing Store estimates that its internet earnings plus all working fees for the
coverage period would have been $1,875,000. The estimated enterprise income loss is
$300,000. How a great deal will the insurer pay?
$one hundred,000
3 more than one preference options
Suzanne is a commercial strains underwriter. Which one of the following components of the
overall legal responsibility insurance paperwork would she use to tailor the shape to meet
the specialised wishes of an insured?
Endorsements
three a couple of preference alternatives
Under Coverage A of the economic widespread liability coverage shape (CGL), belongings
damage could encompass all of the following, EXCEPT:
Infringement of copyright
3 more than one preference options
Leslie suffered a extreme burn to her hand whilst her microwave oven synthetic via LH
Appliances caught hearth. The fire also induced damage to her kitchen cabinets. Two years
later, Leslie determined to file a fit in opposition to the manufacturer when she found out that
microwaves synthetic with the aid of LH Appliances had been located answerable for several
other fires. LH Appliances changed into insured by way of an occurrence version of the
commercial wellknown liability (CGL) coverage form and not using a deductible or
endorsements. Which one of the following effectively describes how LH Appliances' CGL will
apply to the claim?
The CGL will defend the insured, and pay each for each the bodily injury and damages to
the shelves if observed accountable.
3 more than one preference options
Workers compensation benefits encompass which one of the following?
Rehabilitation benefits
three multiple preference options
When a clothing manufacturer comes to a decision to extend the sale of its clothing line with
the aid of supplying internet purchases, it creates new exposures now not in any other case
included, or no longer fully protected, through a traditional policy. These include
Loss or damage resulting from computer viruses.
3 multiple desire options
Which one of the following supply chain exposures can a business mitigate through
cautiously wording contracts and diversifying providers?
Loss of deliver due to external occasions
three more than one desire options
The business assets coverage a part of a commercial bundle coverage incorporates one or
extra commercial belongings coverage paperwork. Each insurance shape generally consists
of all the following, EXCEPT:
A variety of protected peril
3 more than one desire alternatives
Which one of the following statements fine describes the Causes of Loss—Special Form?
The Special Form affords insurance for direct physical losses aside from those which are
mainly excluded.
Three more than one choice alternatives
Which one of the following first-rate describes actual property?
Tangible assets that consists of land, systems completely attached to the land, and anything
is developing on the land.
3 multiple desire options
During a enterprise interruption, some of the business enterprise's charges, referred to as
persevering with prices, will hold, and different costs, known as noncontinuing charges, will
now not keep. Which one of the following is an instance of a persevering with price?
Payroll of key employees
3 more than one preference alternatives
,A vehicle owner had a tire shop set up 4 new wheels and tires at the vehicle. On the way
domestic from the shop, one of the wheels got here off, inflicting the vehicle to by chance run
off the street and strike a tree. The car proprietor sued the tire keep for failing to well tighten
the lug nuts on the vehicle. The loss exposure faced via the tire shop in this example is
referred to as
Completed operations legal responsibility.
Three a couple of choice options
Which one of the following entities could in all likelihood have the greatest completed
operations loss exposure?
Paul the plumber
three multiple preference options
A carrier this is avoided with the aid of an twist of fate from turning in the cargo aboard its
ship may additionally face an publicity referred to as loss of freight, that's
The compensation the provider receives for transporting shipment.
3 multiple choice alternatives
Which one of the following statements is correct with admire to the Building and Personal
Property Coverage Form (BPP) deductible?
If an occurrence entails a loss that impacts more than one class of included belongings and
a separate restrict of insurance applies to every class, losses to all categories are totaled
and the deductible applied to that general amount.
Three a couple of desire alternatives
Which one of the following statements is correct with appreciate to the Building and Personal
Property Coverage Form (BPP)?
Due to coverage extensions, it's miles feasible for the total charge for one loss to exceed the
policy restrict.
Three multiple choice alternatives
Which one of the following would be taken into consideration a further cost beneath the
Business Income (and Extra Expense) Coverage Form of the commercial bundle policy?
The accelerated price of hire at a temporary region
3 a couple of desire options
Dooley's Restaurant is insured below a industrial bundle policy (CPP) with the Business
Income (with Extra Expense) Coverage Form. The business suffered a $four hundred,000
lack of enterprise income when it changed into compelled to suspend operations after flood
waters broken the basement and primary ground of the restaurant. Which one of the
following is a suitable motive for the CPP insurer to disclaim the business profits claim?
, The coverage's blanketed reasons of loss did no longer consist of flood.
Three a couple of preference options
Lucy's Bakery is insured beneath a industrial package deal coverage with the Business
Income (and Extra Expense) Coverage Form. A fireplace loss brought on full-size damage to
the constructing. When Lucy found out that it'd take 9 months to repair the building, she
determined to quickly relocate to a nearby rental location. All of the following might be
considered covered more expenses below the Business Income (and Extra Expense)
Coverage Form, EXCEPT:
The income of the assistant baker and cake decorator
three more than one desire alternatives
Richard's Clothing Store has a $500,000 Business Income (and Extra Expense) Coverage
Form on which there is an 80 percentage coinsurance clause. A fire swept via the shop.
Richard's Clothing Store estimates that its internet earnings plus all working fees for the
coverage period would have been $1,875,000. The estimated enterprise income loss is
$300,000. How a great deal will the insurer pay?
$one hundred,000
3 more than one preference options
Suzanne is a commercial strains underwriter. Which one of the following components of the
overall legal responsibility insurance paperwork would she use to tailor the shape to meet
the specialised wishes of an insured?
Endorsements
three a couple of preference alternatives
Under Coverage A of the economic widespread liability coverage shape (CGL), belongings
damage could encompass all of the following, EXCEPT:
Infringement of copyright
3 more than one preference options
Leslie suffered a extreme burn to her hand whilst her microwave oven synthetic via LH
Appliances caught hearth. The fire also induced damage to her kitchen cabinets. Two years
later, Leslie determined to file a fit in opposition to the manufacturer when she found out that
microwaves synthetic with the aid of LH Appliances had been located answerable for several
other fires. LH Appliances changed into insured by way of an occurrence version of the
commercial wellknown liability (CGL) coverage form and not using a deductible or
endorsements. Which one of the following effectively describes how LH Appliances' CGL will
apply to the claim?
The CGL will defend the insured, and pay each for each the bodily injury and damages to
the shelves if observed accountable.
3 more than one preference options
