Page 1 of 14
AINS 103 EXAM REVIEW|| 2025 LATELY UPDATED
QUESTIONS AND 100% CORRECT ANSWERS
GRADED A+|| LATEST AND COMPLETE UPDATE 2025
WITH VERIFIED SOLUTIONS|| GUARANTEED PASS!!
In property insurance, the term "property in transit" refers to which one of the
following? - ANSWER- C. Property while being transported by trucks, cars,
buses, trains, airplanes, and ships
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? - ANSWER- B. Cost to rent temporary office
space
Radley Contracting Company is installing new signage on the front of a building.
George, a passerby walking near the building is injured when a Radley employee
accidentally drops a tool from a crane. George likely has the ability to assert which
one the following types of claim? - ANSWER- B. Premises and operations
liability
Which one of the following entities would likely have the greatest completed
operations loss exposure? - ANSWER- A. Paul the plumber
A carrier that is prevented by an accident from delivering the cargo aboard its ship
may face an exposure called loss of freight, which is - ANSWER- B. The
compensation the carrier receives for transporting cargo.
To be covered under a workers compensation statute, an injury or disease (in most
states) must meet which one of the following requirements? - ANSWER- A. Arise
out of employees' job-related injuries and diseases
, Page 2 of 14
The unauthorized intrusion into a company's computer network resulting in
damage to intellectual property is best classified as which one of the following
types of cyber liability exposures? - ANSWER- D. Intangible property
An email was sent to a company's employees containing a harmful attachment.
Several employees opened the attachment which allowed hackers to obtain
customer contact information. This cyber risk loss is - ANSWER- D. Damage to
intangible property.
NH Manufacturing insures its building and personal property under the
commercial property coverage part of a commercial package policy (CPP). During
a blizzard, a portion of the building's roof collapsed from the weight of snow. The
risk manager pulled out the CPP to make sure that the building was covered for
this type of loss. Which one of the following components of the commercial
property coverage part would provide the risk manager with information on the
covered perils? - ANSWER- A. Causes of loss form
Which one of the following is one of the covered causes of loss in the commercial
property policy Causes of Loss—Basic form? - ANSWER- Vandalism
Billy owns a baseball souvenir store in Cooperstown, NY. He insured his store
under a Building and Personal Property Coverage Form (BPP) with a $275,000
limit and a $1,500 deductible. A large fire in the store caused significant damage
amounting to $310,000 in covered damages. How much would Billy's insurer pay
under his BPP? - ANSWER- $275K
Which one of the following statements about Inflation Guard optional coverage of
the Building and Personal Property Coverage Form (BPP) is true? - ANSWER- C.
It is automatically increases the limit of insurance by the percentage of annual
increase shown in the declarations.
AINS 103 EXAM REVIEW|| 2025 LATELY UPDATED
QUESTIONS AND 100% CORRECT ANSWERS
GRADED A+|| LATEST AND COMPLETE UPDATE 2025
WITH VERIFIED SOLUTIONS|| GUARANTEED PASS!!
In property insurance, the term "property in transit" refers to which one of the
following? - ANSWER- C. Property while being transported by trucks, cars,
buses, trains, airplanes, and ships
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? - ANSWER- B. Cost to rent temporary office
space
Radley Contracting Company is installing new signage on the front of a building.
George, a passerby walking near the building is injured when a Radley employee
accidentally drops a tool from a crane. George likely has the ability to assert which
one the following types of claim? - ANSWER- B. Premises and operations
liability
Which one of the following entities would likely have the greatest completed
operations loss exposure? - ANSWER- A. Paul the plumber
A carrier that is prevented by an accident from delivering the cargo aboard its ship
may face an exposure called loss of freight, which is - ANSWER- B. The
compensation the carrier receives for transporting cargo.
To be covered under a workers compensation statute, an injury or disease (in most
states) must meet which one of the following requirements? - ANSWER- A. Arise
out of employees' job-related injuries and diseases
, Page 2 of 14
The unauthorized intrusion into a company's computer network resulting in
damage to intellectual property is best classified as which one of the following
types of cyber liability exposures? - ANSWER- D. Intangible property
An email was sent to a company's employees containing a harmful attachment.
Several employees opened the attachment which allowed hackers to obtain
customer contact information. This cyber risk loss is - ANSWER- D. Damage to
intangible property.
NH Manufacturing insures its building and personal property under the
commercial property coverage part of a commercial package policy (CPP). During
a blizzard, a portion of the building's roof collapsed from the weight of snow. The
risk manager pulled out the CPP to make sure that the building was covered for
this type of loss. Which one of the following components of the commercial
property coverage part would provide the risk manager with information on the
covered perils? - ANSWER- A. Causes of loss form
Which one of the following is one of the covered causes of loss in the commercial
property policy Causes of Loss—Basic form? - ANSWER- Vandalism
Billy owns a baseball souvenir store in Cooperstown, NY. He insured his store
under a Building and Personal Property Coverage Form (BPP) with a $275,000
limit and a $1,500 deductible. A large fire in the store caused significant damage
amounting to $310,000 in covered damages. How much would Billy's insurer pay
under his BPP? - ANSWER- $275K
Which one of the following statements about Inflation Guard optional coverage of
the Building and Personal Property Coverage Form (BPP) is true? - ANSWER- C.
It is automatically increases the limit of insurance by the percentage of annual
increase shown in the declarations.
