Study guides, Class notes & Summaries

AINS 103 TEST|| AINS 103 STUDY GUIDE ACTUAL TEST 300+ QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+|| LATEST AND COMPLETE UPDATE 2024 WITH VERIFIED SOLUTIONS|| ASSURED PASS!!

AINS 103 EXAM 2|| ACTUAL EXAM WITH 200+ QUESTIONJS AND CORRECT ANSWERS|| LATEST AND COMPLETE VERSION WITH EXPERT VERIFIED SOLUTIONS|| ASSURED PASS!!!

AINS 103 EXAM 1|| ACTUAL EXAM ALL QUESTIONS AND CORRECT ANSWERS WITH RATIONALES ALREADY GRADED A+|| LATEST UPDATE WITH VERIFIED SOLUTIONS|| BRAND NEW!!!

While performing duties for the business, all of the following would be an insured under Business Liability Coverage of a partnership's businessowners policy (BOP), EXCEPT: - ACCURATE ANSWERS All executive officers of an LLC. Which one of the following would be covered under the Extra Expense insuring agreement of the Business Income (and Extra Expense) Coverage Form? - ACCURATE ANSWERS Costs to move office equipment to a substitute location. An intangible asset resulting from a collectio...

For most businesses, which peril poses the greatest risk of a large or total property loss? - ACCURATE ANSWERS For most businesses, fire poses the greatest risk of a large or total property loss. 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? - ACCURATE ANSWERS Cost to rent temporary office space. An electrical contractor was hired to...

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. - ACCURATE ANSWERS C. Tangible property that includes land, structures permanently attached to...

Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of the following types of liability loss? A. Compl...

Loss exposure - ACCURATE ANSWERS Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Property loss exposure - ACCURATE ANSWERS A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) - ACCURATE ANSWERS Tangible property consisting of lan...

One distinguishing feature between independent agency systems and other marketing systems is the... - Answer agency expiration list Foreign Insurer - Answer An insurer licensed to operate in a state but incorporated in another state Domestic Insurer - Answer An insurer doing business in the jurisdiction in which it was incorporated Alien Insurer - Answer An insurer domiciled in a country other than the US Direct Response Marketing System - Answer Greatly reduces compen...