Page 1 of 102
AINS 103 TEST EXAM|| 2025 LATELY UPDATED
QUESTIONS AND 100% CORRECT ANSWERS
GRADED A+|| LATEST AND COMPLETE UPDATE
2025 WITH VERIFIED SOLUTIONS||
GUARANTEED PASS!!
the typical workers compensation statute provides payment for which one of the
following?
The typical workers compensation statute provides payment for medical bills for
an injury sustained by an employee while working.
A business owner wants to know if a business income loss caused by machine
breakdown can be greater than the physical damage loss itself. How would you
answer the business owner?
Yes, a business income loss caused by machine breakdown can be greater than the
physical damage loss itself.
A carrier is prevented from delivering cargo aboard its ship due to an accident that
occurred while at sea. One of the losses the carrier may face is loss of freight. Loss
of freight refers to which one of the following?
Freight is the compensation the carrier receives for transporting cargo.
Which one of the following best describes an advantage to insurers of nonfiled
classes compared with filed classes of inland marine insurance?
,Page 2 of 102
Nonfiled classes allow for the customization of policy provisions and rates for a
small number of individual insureds.
Which one of the following best describes real property?
Real property is tangible property and includes land, structures permanently
attached to the land, and whatever is growing on the land.
Which one of the following claims would be covered under Coverage B—Personal
and Advertising Injury Liability of the Commercial General Liability Coverage
Form (CGL)? A store manager accuses a young man of shoplifting, apprehends
him, and locks him in a storage room until the police arrive. When it is discovered
that the young man is innocent, he files a claim against the store.
A store manager accuses a young man of shoplifting, apprehends him, and locks
him in a storage room until the police arrive. When it is discovered that the young
man is innocent, he files a claim against the store.
Which one of the following causes of loss is covered by the commercial property
policy Causes of Loss—Broad Form but not the Basic Form?
The Broad Form covers all the Basic Form causes of loss, plus: (1) falling objects,
(2) weight of snow, ice, or sleet, (3) water damage, and (4) collapse-due to
specified causes-as an additional coverage.
Which one of the following components of the commercial property part of a
commercial package policy can be used to tailor the coverage to meet the
specialized needs of a particular insured or eliminate exposure that the underwriter
is unwilling to insure?
,Page 3 of 102
Endorsements can be used to tailor the coverage to meet the specialized needs of a
particular insured or eliminate exposure that the underwriter is unwilling to insure.
Which one of the following best describes real property?
Real property is tangible property and includes land, structures permanently
attached to the land, and whatever is growing on the land.
Which one of the following describes one of the coverages provided by a Workers
Compensation and Employers Liability Insurance Policy (WC&EL)?
Payment of benefits as required by a state's workers compensation law
Which one of the following entities would likely have the greatest completed
operations loss exposure?
Completed operations liability would most likely apply to Paul the plumber.
Which one of the following explains why an employer needs employer's liability
insurance in addition to workers compensation insurance and a commercial general
liability (CGL) insurance policy?
An employer's liability insurance policy is also needed to cover claims excluded by
workers compensation statute.
Which one of the following explains why the same "Workers Compensation and
Employers Liability Insurance Policy" is able to be used in all states even though
, Page 4 of 102
the provisions of the various state laws and the employee benefits have many
differences?
The coverage provided by Part 1 obligates the insurer to pay all compensation and
other benefits required of the insured by the workers compensation law or
occupational disease law of any state listed in Item 3.A of the Information Page.
The employer automatically receives coverage for all benefits required by that
state's workers compensation law for all locations, operations, and employees
designated by law.
Which one of the following exposures would be best suited for businessowners
policy (BOP)?
An insured is considering upgrades to the furniture in the lobby of his business and
making computers with wi-fi available to customers while they wait.
Which one of the following is a category of business personal property?
Office equipment is a category of business personal property.
Which one of the following is a covered cause of loss under the Causes of Loss—
Basic Form?
Sprinkler leakage is a covered cause of loss.
Which one of the following is a policy that covers the crime loss exposures of
financial institutions such as banks, savings and loan institutions, and insurance
companies?
A financial institution bond covers this loss exposure.
AINS 103 TEST EXAM|| 2025 LATELY UPDATED
QUESTIONS AND 100% CORRECT ANSWERS
GRADED A+|| LATEST AND COMPLETE UPDATE
2025 WITH VERIFIED SOLUTIONS||
GUARANTEED PASS!!
the typical workers compensation statute provides payment for which one of the
following?
The typical workers compensation statute provides payment for medical bills for
an injury sustained by an employee while working.
A business owner wants to know if a business income loss caused by machine
breakdown can be greater than the physical damage loss itself. How would you
answer the business owner?
Yes, a business income loss caused by machine breakdown can be greater than the
physical damage loss itself.
A carrier is prevented from delivering cargo aboard its ship due to an accident that
occurred while at sea. One of the losses the carrier may face is loss of freight. Loss
of freight refers to which one of the following?
Freight is the compensation the carrier receives for transporting cargo.
Which one of the following best describes an advantage to insurers of nonfiled
classes compared with filed classes of inland marine insurance?
,Page 2 of 102
Nonfiled classes allow for the customization of policy provisions and rates for a
small number of individual insureds.
Which one of the following best describes real property?
Real property is tangible property and includes land, structures permanently
attached to the land, and whatever is growing on the land.
Which one of the following claims would be covered under Coverage B—Personal
and Advertising Injury Liability of the Commercial General Liability Coverage
Form (CGL)? A store manager accuses a young man of shoplifting, apprehends
him, and locks him in a storage room until the police arrive. When it is discovered
that the young man is innocent, he files a claim against the store.
A store manager accuses a young man of shoplifting, apprehends him, and locks
him in a storage room until the police arrive. When it is discovered that the young
man is innocent, he files a claim against the store.
Which one of the following causes of loss is covered by the commercial property
policy Causes of Loss—Broad Form but not the Basic Form?
The Broad Form covers all the Basic Form causes of loss, plus: (1) falling objects,
(2) weight of snow, ice, or sleet, (3) water damage, and (4) collapse-due to
specified causes-as an additional coverage.
Which one of the following components of the commercial property part of a
commercial package policy can be used to tailor the coverage to meet the
specialized needs of a particular insured or eliminate exposure that the underwriter
is unwilling to insure?
,Page 3 of 102
Endorsements can be used to tailor the coverage to meet the specialized needs of a
particular insured or eliminate exposure that the underwriter is unwilling to insure.
Which one of the following best describes real property?
Real property is tangible property and includes land, structures permanently
attached to the land, and whatever is growing on the land.
Which one of the following describes one of the coverages provided by a Workers
Compensation and Employers Liability Insurance Policy (WC&EL)?
Payment of benefits as required by a state's workers compensation law
Which one of the following entities would likely have the greatest completed
operations loss exposure?
Completed operations liability would most likely apply to Paul the plumber.
Which one of the following explains why an employer needs employer's liability
insurance in addition to workers compensation insurance and a commercial general
liability (CGL) insurance policy?
An employer's liability insurance policy is also needed to cover claims excluded by
workers compensation statute.
Which one of the following explains why the same "Workers Compensation and
Employers Liability Insurance Policy" is able to be used in all states even though
, Page 4 of 102
the provisions of the various state laws and the employee benefits have many
differences?
The coverage provided by Part 1 obligates the insurer to pay all compensation and
other benefits required of the insured by the workers compensation law or
occupational disease law of any state listed in Item 3.A of the Information Page.
The employer automatically receives coverage for all benefits required by that
state's workers compensation law for all locations, operations, and employees
designated by law.
Which one of the following exposures would be best suited for businessowners
policy (BOP)?
An insured is considering upgrades to the furniture in the lobby of his business and
making computers with wi-fi available to customers while they wait.
Which one of the following is a category of business personal property?
Office equipment is a category of business personal property.
Which one of the following is a covered cause of loss under the Causes of Loss—
Basic Form?
Sprinkler leakage is a covered cause of loss.
Which one of the following is a policy that covers the crime loss exposures of
financial institutions such as banks, savings and loan institutions, and insurance
companies?
A financial institution bond covers this loss exposure.
