1|Page
AINS 103 TEST EXAM|| ACTUAL AND LATELY
UPDATED 2025 QUESTIONS AND 100%
CORRECT ANSWERS GRADED A+|| LATEST AND
COMPLETE UPDATE 2025 WITH VERIFIED
SOLUTIONS|| GUARANTEED PASS!!
Which one of the following best describes real property? Select one:
A. Property being shipped to or from others.
B. Business personal property that includes furniture, machinery and
equipment, and stock/inventory.
C. Tangible property that includes land, structures permanently attached to the
land, and whatever is growing on the land.
D. Vehicles, merchandise, furniture, tools, and similar items. - ANSWER: C.
Tangible property that includes land, structures permanently attached to the land,
and whatever is growing on the land.
Extra expenses are expenses, in addition to ordinary expenses, that an organization
incurs to mitigate the effects of a business interruption. Which one of the following
is an example of an extra expense?
Select one:
A. Cost to rent temporary office space
B. Insurance premiums
C. Debt repayments
D. Payroll of key employees - ANSWER: A. Cost to rent temporary office
space
,2|Page
Upon entering a restaurant, a customer grasped a handrail that broke off, causing
the customer to fall and break his wrist. This is an example of which one of the
following types of commercial general liability loss?
Select one:
A. Premises and operations liability
B. Personal and advertising injury liability
C. Absolute liability
D. Products and completed operations liability - ANSWER: A. Premises and
operations liability
The liability loss exposure that exists when an organization is legally responsible
for bodily injury or property damage caused by an accident that occurs on an
organization's owned, leased, or rented property is
Select one:
A. Professional liability.
B. Property liability.
C. Operations liability.
D. Premises and operations liability. - ANSWER: D. Premises and operations
liability.
Automobile liability exposures can result from Select one:
A. Damage to or destruction of an owned vehicle.
B. Loss of use of an owned automobile.
C. Workers compensation laws.
,3|Page
D. Hiring or borrowing an automobile. - ANSWER: D. Hiring or borrowing an
automobile.
To be covered under a workers compensation statute, an injury or disease (in most
states) must meet which one of the following requirements?
Select one:
A. Result from the employer's negligence
B. Occur away from the regular work premises
C. Arise out of employees' job-related injuries and diseases
D. Result in total disability - ANSWER: C. Arise out of employees' job-related
injuries and diseases
Cyber risk intellectual property loss exposures include Select one:
A. Cyber extortion of trade secrets.
B. Personal and advertising injury liability.
C. Loss to tangible property.
D. Property damage liability. - ANSWER: A. Cyber extortion of trade secrets.
As part of its assessment of its cyber risk, an organization should consider whether
there are any intangible property exposures. Which one of the following would
best be classified as an intangible property loss?
Select one:
, 4|Page
A. Two disgruntled employees use the computer system to transfer office funds
into their own personal bank accounts.
B. The computer system is hacked and data including credit card numbers are
stolen.
C. Thieves break into the main office and steal several desktop computers.
D. There is a fire in the storage area which destroys the backup copy of the
office computer system. - ANSWER: B. The computer system is hacked and data
including credit card numbers are stolen.
A commercial building may contain furniture, machinery and equipment and
finished products. Which one of the following is the term generally used in
property insurance policies to refer to all these types of property?
Select one:
A. Business personal property
B. Stock
C. Inventory
D. Commercial property - ANSWER: A. Business personal property
A family recently purchased a new home constructed by a residential home
builder. Two months after taking possession, several of the family members were
injured when the roof suddenly collapsed. The family sued the construction
company and was awarded monetary damages for their injuries. This is an example
of which one of the following types of commercial liability loss exposure for the
construction company?
Select one:
A. Products liability
B. Premises and operations liability
AINS 103 TEST EXAM|| ACTUAL AND LATELY
UPDATED 2025 QUESTIONS AND 100%
CORRECT ANSWERS GRADED A+|| LATEST AND
COMPLETE UPDATE 2025 WITH VERIFIED
SOLUTIONS|| GUARANTEED PASS!!
Which one of the following best describes real property? Select one:
A. Property being shipped to or from others.
B. Business personal property that includes furniture, machinery and
equipment, and stock/inventory.
C. Tangible property that includes land, structures permanently attached to the
land, and whatever is growing on the land.
D. Vehicles, merchandise, furniture, tools, and similar items. - ANSWER: C.
Tangible property that includes land, structures permanently attached to the land,
and whatever is growing on the land.
Extra expenses are expenses, in addition to ordinary expenses, that an organization
incurs to mitigate the effects of a business interruption. Which one of the following
is an example of an extra expense?
Select one:
A. Cost to rent temporary office space
B. Insurance premiums
C. Debt repayments
D. Payroll of key employees - ANSWER: A. Cost to rent temporary office
space
,2|Page
Upon entering a restaurant, a customer grasped a handrail that broke off, causing
the customer to fall and break his wrist. This is an example of which one of the
following types of commercial general liability loss?
Select one:
A. Premises and operations liability
B. Personal and advertising injury liability
C. Absolute liability
D. Products and completed operations liability - ANSWER: A. Premises and
operations liability
The liability loss exposure that exists when an organization is legally responsible
for bodily injury or property damage caused by an accident that occurs on an
organization's owned, leased, or rented property is
Select one:
A. Professional liability.
B. Property liability.
C. Operations liability.
D. Premises and operations liability. - ANSWER: D. Premises and operations
liability.
Automobile liability exposures can result from Select one:
A. Damage to or destruction of an owned vehicle.
B. Loss of use of an owned automobile.
C. Workers compensation laws.
,3|Page
D. Hiring or borrowing an automobile. - ANSWER: D. Hiring or borrowing an
automobile.
To be covered under a workers compensation statute, an injury or disease (in most
states) must meet which one of the following requirements?
Select one:
A. Result from the employer's negligence
B. Occur away from the regular work premises
C. Arise out of employees' job-related injuries and diseases
D. Result in total disability - ANSWER: C. Arise out of employees' job-related
injuries and diseases
Cyber risk intellectual property loss exposures include Select one:
A. Cyber extortion of trade secrets.
B. Personal and advertising injury liability.
C. Loss to tangible property.
D. Property damage liability. - ANSWER: A. Cyber extortion of trade secrets.
As part of its assessment of its cyber risk, an organization should consider whether
there are any intangible property exposures. Which one of the following would
best be classified as an intangible property loss?
Select one:
, 4|Page
A. Two disgruntled employees use the computer system to transfer office funds
into their own personal bank accounts.
B. The computer system is hacked and data including credit card numbers are
stolen.
C. Thieves break into the main office and steal several desktop computers.
D. There is a fire in the storage area which destroys the backup copy of the
office computer system. - ANSWER: B. The computer system is hacked and data
including credit card numbers are stolen.
A commercial building may contain furniture, machinery and equipment and
finished products. Which one of the following is the term generally used in
property insurance policies to refer to all these types of property?
Select one:
A. Business personal property
B. Stock
C. Inventory
D. Commercial property - ANSWER: A. Business personal property
A family recently purchased a new home constructed by a residential home
builder. Two months after taking possession, several of the family members were
injured when the roof suddenly collapsed. The family sued the construction
company and was awarded monetary damages for their injuries. This is an example
of which one of the following types of commercial liability loss exposure for the
construction company?
Select one:
A. Products liability
B. Premises and operations liability
