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AINS 103: CHAPTER 3 QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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AINS 103: CHAPTER 3 QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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AINS 103: CHAPTER 3 QUESTIONS ANDANSWERS WITH SOLUTIONS 2024
What does a commercial general liability coverage form protect? - ANSWER An organization against
financial losses stemming from liability for damages to people or property.
Jenny owns a convenience store. A customer slipped and fell in an aisle but only required minor medical
care at a local clinic. What coverage might apply for this occurrence? - ANSWER Coverage C might apply,
because Coverage C-Medical Payments, pays medical expenses of others in certain circumstances.
Sean entered a bookstore and asked for a book on the highest shelf. The bookstore's worker got a ladder
to retrieve the book, but the ladder fell and hit Sean. Sean required hospitalization and overnight
observation. What coverage would apply for the bookstore? - ANSWER Coverage A might apply, because
Coverage A-Bodily Injury and Property Damage Liability covers bodily injury or property damage, such as
when a customer is injured in a store.
Occurrence: - ANSWER An accident or event that leads to a claim being filed.
Bodily Injury: - ANSWER Any physical injury to a person, including sickness, disease, and death.
Property Damage: - ANSWER The injury to, destruction of, or loss of use of tangible property.
Conditions of CGL Coverage A: - ANSWER 1. Insured must be legally liable for the damages.
2. Requires the damages to result from bodily injury or property damage as defined in the policy.
3. Intentional events, such as assault, are not covered.
Jimmy owns an auto body shop in AZ that is insured under an unendorsed CGL form. He took a trip to
Europe, offered to repair his host's car and accidently damaged the vehicle. If his host sues, would
Jimmy's CGL form cover the claim? - ANSWER No, because the event happened outside the policy
coverage zone.
Taylor slipped on a puddle in a deli and was hospitalized, but was unable to file a claim for 2 years. The
store's CGL policy was in effect when the accident occurred. Would Taylor's damages be covered? -
ANSWER Yes, because the damages occurred within the time period the policy was in effect.
, For the purposes of the CGL form, what can the term "injury" include? - ANSWER Mental anguish,
mental injury, fright, shock, humiliation, and loss of reputation.
The CGL Coverage B insuring agreement states that the insurer will pay any damages assessed against
the insured for several specific offenses, such as: - ANSWER False imprisonment, malicious prosecution,
wrongful eviction, libel, slander, infringement on copyright.
CGL Coverage B Exclusions: - ANSWER Intentional acts, breaching a contract, as well as limitations on
occurrences that take place on or in internet chat rooms and discussion boards.
Why does Coverage C provide a modest amount of insurance for settling minor injury cases without
requiring determination of liability? - ANSWER Because it is meant to make quick settlements in the
hopes of avoiding larger liability claims.
Paul owns a gas station. Janet stopped for gas and slipped on an oil patch. She was taken to the ER and
released the same day in satisfactory condition. A week later, Janet filed a claim against the gas station.
Would Janet's claim be covered under Paul's CGL Coverage C? - ANSWER Yes.
Exclusions under Coverage C: - ANSWER Coverage is excluded for bodily injury to any insured, anyone
hired to work for an insured, a tenant, a person entitled to workers comp, or a person injured while
taking part in exercises or games.
Insuring Agreement: - ANSWER An agreement where the insurer agrees to pay medical expenses,
including funeral expenses, for bodily injury caused by an accident. Medical expenses must also be
incurred and reported within one year and must agree to examination by a physician designated by the
insurer.
Michael is a general liability claims adjuster for Goshen Mutual. He wants to see if an insured has any
endorsements that apply to its general liability policy. Which section of the coverage form would provide
this information for Michael? - ANSWER Declarations.
A customer filed a suit against Patsy's Market, claiming that she was injured when she slipped and fell in
the produce section. The customer claimed that she broke her elbow, had to have surgery, and missed a
week of work. The owner of Patsy's Market told its commercial general liability (CGL) insurer that the
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