AINS 23 Assignment 1 SMART Practice
Exam
Which one of the following is a required component of the commercial property coverage part that
specifies the perils covered?
a. Causes of loss form
b. Commercial property conditions
c. Perils specified form
d. Commercial property coverage form - Answer-a. Causes of loss form
Which one of the following contains an insuring agreement, delineation of the property covered and not
covered, and additional coverages and coverage extensions?
a. Commercial property declarations
b. Commercial property coverage forms
c. Causes of loss forms
d. Supplemental declarations forms - Answer-b. Commercial property coverage forms
Which one of the following statements is correct with respect to the Commercial Property Conditions?
a. They apply to all coverage forms included in a commercial property coverage part, unless a coverage
form contains a condition to the contrary.
, b. They are printed in bold type on the commercial property declarations page.
c. They provide definitions for words and phrases used in the policy to which they are attached.
d. They are an optional component of the commercial property coverage part, used as the underwriter's
discretion. - Answer-a. They apply to all coverage forms included in a commercial property coverage
part, unless a coverage form contains a condition to the contrary.
there must be at least how many coverage parts in an ISO Commercial Package Policy (CPP)?
a. One
b. Two
c. Three
d. Four - Answer-b. Two
Which one of the following lists the covered causes of loss (basic, broad, or special); the deductible
amount; and any optional coverages?
a. Commercial property conditions
b. Commercial property coverage forms
c. Commercial property declarations
d. Causes of loss forms - Answer-c. Commercial property declarations
Which one of the statements is correct with respect to the Building and Personal Property Coverage
Form (BPP)?
a. Any type of personal property can be insured under the BPP.
b. Some property, such as building foundations below the lowest basement floor, is excluded because it
may not be subject to loss by the perils insured against.
c. The BPP includes satisfactory coverage for physical damage to automobiles owned by the named
insured.
d. The Covered Property section is the only section that must be read in order to determine whether a
specific kind of property is insured. - Answer-b. Some property, such as building foundations below the
lowest basement floor, is excluded because it may not be subject to loss by the perils insured against.
Exam
Which one of the following is a required component of the commercial property coverage part that
specifies the perils covered?
a. Causes of loss form
b. Commercial property conditions
c. Perils specified form
d. Commercial property coverage form - Answer-a. Causes of loss form
Which one of the following contains an insuring agreement, delineation of the property covered and not
covered, and additional coverages and coverage extensions?
a. Commercial property declarations
b. Commercial property coverage forms
c. Causes of loss forms
d. Supplemental declarations forms - Answer-b. Commercial property coverage forms
Which one of the following statements is correct with respect to the Commercial Property Conditions?
a. They apply to all coverage forms included in a commercial property coverage part, unless a coverage
form contains a condition to the contrary.
, b. They are printed in bold type on the commercial property declarations page.
c. They provide definitions for words and phrases used in the policy to which they are attached.
d. They are an optional component of the commercial property coverage part, used as the underwriter's
discretion. - Answer-a. They apply to all coverage forms included in a commercial property coverage
part, unless a coverage form contains a condition to the contrary.
there must be at least how many coverage parts in an ISO Commercial Package Policy (CPP)?
a. One
b. Two
c. Three
d. Four - Answer-b. Two
Which one of the following lists the covered causes of loss (basic, broad, or special); the deductible
amount; and any optional coverages?
a. Commercial property conditions
b. Commercial property coverage forms
c. Commercial property declarations
d. Causes of loss forms - Answer-c. Commercial property declarations
Which one of the statements is correct with respect to the Building and Personal Property Coverage
Form (BPP)?
a. Any type of personal property can be insured under the BPP.
b. Some property, such as building foundations below the lowest basement floor, is excluded because it
may not be subject to loss by the perils insured against.
c. The BPP includes satisfactory coverage for physical damage to automobiles owned by the named
insured.
d. The Covered Property section is the only section that must be read in order to determine whether a
specific kind of property is insured. - Answer-b. Some property, such as building foundations below the
lowest basement floor, is excluded because it may not be subject to loss by the perils insured against.
