AINS 103 EXAM QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
AINS 103
Institution
AINS 103
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 in...
AINS 103 EXAM QUESTIONS 2024
AINS 103 EXAM QUESTIONS 2024 WITH GUARANTEED ACCURATE ANSWERS |
VERIFIED
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 collection of perceptions and opinions, past
and present, about an organization that resides in the consciousness of its
stakeholders is known as an organization's: - ACCURATE ANSWERS✔✔
Reputation.
Ivan is a commercial insurance producer looking to expand his book of business.
He is researching local businesses trying to determine which businesses might be
, eligible for the businessowners policy (BOP) and which would not be eligible.
Which one of the following businesses would be ineligible for BOP coverage? -
ACCURATE ANSWERS✔✔ Amusement parks are generally not eligible for BOP
coverage. Retail stores, small restaurants with limited cooking, and trade
contractors are generally eligible for BOP coverage.
Marlene is a producer for East Goshen Mutual. She recently met with the owners
of Sugartown Farms to try and determine if they are eligible for the ISO
businessowners policy (BOP). Which one of the following facts about Sugartown
Farms would prevent it from being eligible for the BOP? - ACCURATE
ANSWERS✔✔ Sugartown Farms has a restaurant with a bar for local patrons.
Sugartown Industries insures its building and personal property under the
commercial property coverage part of a commercial package policy (CPP).
Following a lightning storm, a portion of the building was damaged from a small
fire. The operations 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 operations manager with
information on the covered perils? - ACCURATE ANSWERS✔✔ The causes of
loss form. The three types of cause of loss forms - Basic, Broad, and Special -
allow the insured to select, or the underwriter to offer, a range of covered perils.
Under the Commercial General Liability (CGL) Coverage Form, medical
payments coverage applies to which one of the following situations? -
ACCURATE ANSWERS✔✔ Sara is a volunteer helping the named insured clean
up their grounds.
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? - ACCURATE
ANSWERS✔✔ Falling objects.
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