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AINS103 Practice Questions, AINS 103 Questions And ANSWERS LATEST UPDATE 2024
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AINS103 Practice Questions, AINS 103 Questions And ANSWERS LATEST UPDATE 2024
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AINS103 Practice Questions, AINS 103Z Z Z Z
Questions And ANSWERS LATEST
Z Z Z Z
UPDATE 2024
Z Z
In Z.property Z.insurance, Z.the Z.term Z."Property Z.in Z.Transit" Z.refers Z.to Z.which Z.one Z.of Z.the
Z.following? Z.- Z.Correct Z.Answer Z.- Z.Property Z.while Z.being Z.transported Z.by Z.trucks, Z.cars, Z.buses,
Z.trains, Z.airplanes, Z.and Z.ships.
Extra Z.expenses Z.are Z.expenses, Z.in Z.addition Z.to Z.ordinary Z.expenses, Z.that Z.an Z.organization Z.incurs
Z.to Z.mitigate Z.the Z.effects Z.of Z.a Z.business Z.interruption. Z.Which Z.one Z.of Z.the Z.following Z.is Z.an
Z.example Z.of Z.an Z.extra Z.expense? Z.- Z.Correct Z.Answer Z.- Z.Cost Z.to Z.rent Z.temporary Z.office Z.space.
Upon Z.entering Z.a Z.restaurant, Z.a Z.customer Z.grasped Z.a Z.handrail Z.the Z.broke Z.off, Z.causing Z.the
Z.customer Z.to Z.fall Z.and Z.break Z.his Z.wrist. Z.This Z.is Z.an Z.example Z.of Z.which Z.one Z.of Z.the Z.following
Z.types Z.of Z.commercial Z.general Z.liability Z.loss? Z.- Z.Correct Z.Answer Z.- Z.Premises Z.and Z.operations
Z.liability.
A Z.contractor Z.is Z.hired Z.to Z.install Z.a Z.new Z.concrete Z.sidewalk Z.in Z.front Z.of Z.a Z.store. Z.Several
Z.weeks Z.after Z.the Z.sidewalk Z.was Z.installed, Z.the Z.concrete Z.buckles Z.and Z.a Z.passerby Z.trips Z.and
Z.falls Z.on Z.the Z.buckled Z.sidewalk. Z.The Z.passerby Z.sues Z.the Z.contractor Z.to Z.recover Z.medical
Z.expenses Z.incurred Z.due Z.to Z.the Z.fall. Z.This Z.commercial Z.liability Z.is Z.categorized Z.as Z.- Z.Correct
Z.Answer Z.- Z.Completed Z.operations Z.liability.
A Z.carrier Z.that Z.is Z.prevented Z.by Z.an Z.accident Z.from Z.delivering Z.the Z.cargo Z.aboard Z.its Z.ship Z.may
Z.face Z.an Z.exposure Z.called Z.loss Z.of Z.freight, Z.which Z.is Z.- Z.Correct Z.Answer Z.- Z.The Z.compensation
Z.the Z.carrier Z.receives Z.for Z.transporting Z.cargo.
The Z.management Z.of Z.Maryland Z.Marine Z.Co. Z.(MMC) Z.must Z.ensure Z.that Z.proper Z.coverage Z.is
Z.obtained Z.for Z.work- Z.related Z.injuries. Z.The Z.employee Z.population Z.of Z.MMC Z.is Z.a Z.mixture Z.of
Z.full-time Z.and Z.part-time Z.employees Z.as Z.well Z.as Z.some Z.casual Z.employees Z.for Z.one-time Z.tasks.
Z.Much Z.of Z.MMC's Z.work Z.is Z.done Z.by Z.independent Z.contractors Z.and Z.temporary Z.employees
Z.during Z.peak Z.seasons. Z.Which Z.one Z.of Z.the Z.following Z.statements Z.about Z.these Z.persons Z.is
Z.true? Z.- Z.Correct Z.Answer Z.- Z.Many Z.states Z.workers Z.compensation Z.statutes Z.exclude Z.casual Z.labor
Z.(temporary Z.employees).
,When Z.a Z.clothing Z.manufacturer Z.decides Z.to Z.expand Z.the Z.sale Z.of Z.its Z.clothing Z.line Z.by Z.offering
Z.internet Z.purchases, Z.it Z.creates Z.new Z.exposures Z.not Z.otherwise Z.covered, Z.or Z.not Z.fully Z.covered,
Z.by Z.a Z.traditional Z.policy. Z.These Z.include Z.- Z.Correct Z.Answer Z.- Z.Loss Z.or Z.damage Z.caused Z.by
Z.computer Z.virsuses.
Meat Z.Products Z.Company Z.(MPC) Z.runs Z.packing Z.plants Z.in Z.three Z.Midwest Z.states. Z.The Z.company
Z.was Z.in Z.the Z.news Z.recently Z.because Z.of Z.its Z.labor Z.practices. Z.The Z.Department Z.of Z.Labor Z.(DOL)
Z.investigated Z.complaints Z.from Z.five Z.female Z.employees Z.that Z.MPC Z.discriminated Z.against Z.them.
Z.The Z.DOL Z.found Z.the Z.claim Z.was Z.true. Z.The Z.Immigration Z.and Z.Naturalization Z.Service Z.(INS)
Z.found Z.that Z.the Z.company Z.employed Z.illegal Z.immigrants Z.and Z.paid Z.them Z.less Z.than Z.the
Z.minimum Z.wage. Z.When Z.this Z.news Z.became Z.public, Z.MPC's Z.reputation Z.was Z.severely Z.harmed.
Z.This Z.scenario Z.illustrates Z.which Z.source Z.of Z.reputation Z.risk Z.- Z.Correct Z.Answer Z.- Z.Regulatory
Z.and Z.legal Z.compliance.
Perils Z.are Z.an Z.important Z.aspect Z.of Z.property Z.insurance. Z.Which Z.one Z.of Z.the Z.following
Z.statements Z.is Z.correct Z.with Z.respect Z.to Z.perils? Z.- Z.Correct Z.Answer Z.- Z.A Z.peril Z.is Z.the Z.actual
Z.means Z.by Z.which Z.property Z.is Z.damaged Z.or Z.destroyed Z.such Z.as Z.fire, Z.lightning, Z.windstorm,
Z.hail Z.or Z.theft.
During Z.a Z.business Z.interruption, Z.some Z.of Z.the Z.organizations Z.expenses, Z.called Z.continuing
Z.expenses, Z.will Z.continue, Z.and Z.other Z.expenses, Z.called Z.non-continuing Z.expenses, Z.will Z.not
Z.continue. Z.Which Z.one Z.of Z.the Z.following Z.is Z.an Z.example Z.of Z.a Z.continuing Z.expense? Z.- Z.Correct
Z.Answer Z.- Z.Payroll Z.of Z.key Z.employees.
Which Z.one Z.of Z.the Z.following Z.loss Z.exposure Z.exist Z.when Z.a Z.business Z.can Z.be Z.held Z.legally
Z.liable Z.for Z.bodily Z.injury Z.or Z.property Z.damaged Z.caused Z.by Z.their Z.repair Z.or Z.contracting Z.work?
Z.- Z.Correct Z.Answer Z.- Z.Completed Z.operations Z.liability.
Which Z.one Z.of Z.the Z.following Z.entities Z.would Z.likely Z.have Z.the Z.greatest Z.completed Z.operations
Z.loss Z.exposure? Z.- Z.Correct Z.Answer Z.- Z.Paul Z.the Z.plumber.
Inland Z.marine Z.insurance Z.is Z.insurance Z.that Z.covers Z.- Z.Correct Z.Answer Z.- Z.Many Z.different
Z.classes Z.of Z.property Z.that Z.typically Z.involve Z.an Z.element Z.of Z.transportation Z.on Z.land.
Joe Z.signs Z.a Z.contract Z.with Z.Home Z.Builders Z.to Z.install Z.the Z.electrical Z.wiring Z.for Z.a Z.new Z.home.
Z.He Z.uses Z.his Z.own Z.tools Z.and Z.follows Z.the Z.specifications Z.in Z.the Z.contract. Z.Joe Z.is Z.burned
Z.while Z.installing Z.the Z.wiring. Z.Does Z.Home Z.Builders' Z.workers Z.compensation Z.policy Z.cover Z.Joe's
Z.injury? Z.- Z.Correct Z.Answer Z.- Z.No, Z.because Z.Joe Z.is Z.not Z.an Z.employee Z.of Z.Home Z.Builders.
Cyber Z.risk Z.intellectual Z.property Z.loss Z.exposures Z.include Z.- Z.Correct Z.Answer Z.- Z.Cyber Z.extortion
Z.of Z.trade Z.secrets.
As Z.part Z.of Z.its Z.assessment Z.of Z.its Z.cyber Z.risk, Z.an Z.organization Z.should Z.consider Z.whether Z.there
Z.are Z.any Z.intangible Z.property Z.exposures. Z.Which Z.one Z.of Z.the Z.following Z.would Z.best Z.be
,Z.classified Z.as Z.an Z.intangible Z.property Z.loss? Z.- Z.Correct Z.Answer Z.- Z.The Z.computer Z.system Z.is
Z.hacked Z.and Z.data Z.including Z.credit Z.card Z.numbers Z.are Z.stolen.
Property Z.insurance Z.policies Z.use Z.the Z.term Z."personal Z.property" Z.to Z.refer Z.to Z.the Z.- Z.Correct
Z.Answer Z.- Z.Contents Z.in Z.and Z.around Z.a Z.building.
In Z.business Z.income Z.insurance, Z.the Z.expenses Z.that Z.an Z.organization Z.would Z.not Z.have Z.incurred
Z.if Z.the Z.business Z.interruption Z.have Z.not Z.occurred Z.are Z.called Z.- Z.Correct Z.Answer Z.- Z.Extra
Z.expenses.
Radley Z.Contracting Z.Company Z.is Z.installing Z.new Z.signage Z.on Z.the Z.front Z.of Z.a Z.building. Z.George,
Z.a Z.passerby Z.walking Z.near Z.the Z.building Z.is Z.injured Z.when Z.a Z.Radley Z.employee Z.accidentally
Z.drops Z.a Z.tool Z.from Z.a Z.crane. Z.George Z.likely Z.has Z.the Z.ability Z.to Z.assert Z.which Z.one Z.the
Z.following Z.types Z.of Z.claim? Z.- Z.Correct Z.Answer Z.- Z.Premises Z.and Z.operations Z.liability.
John Z.purchased Z.a Z.new Z.lawnmower Z.two Z.years Z.ago. Z.After Z.significant Z.use, Z.the Z.lawnmower
Z.needed Z.servicing. Z.A Z.repairman Z.sharpened Z.the Z.blade Z.but Z.he Z.failed Z.to Z.reattach Z.it Z.properly
Z.to Z.the Z.lawnmower. Z.When Z.John Z.was Z.using Z.the Z.lawnmower, Z.the Z.blade Z.flew Z.off Z.and
Z.seriously Z.injured Z.John's Z.daughter. Z.From Z.the Z.standpoint Z.of Z.a Z.commercial Z.liability Z.loss Z.for
Z.the Z.repair Z.shop, Z.this Z.is Z.an Z.example Z.of Z.- Z.Correct Z.Answer Z.- Z.Completed Z.operations Z.liability.
Automobile Z.liability Z.exposures Z.can Z.result Z.from Z.- Z.Correct Z.Answer Z.- Z.Hiring Z.or Z.borrowing Z.an
Z.automobile.
Workers Z.compensation Z.benefits Z.include Z.which Z.one Z.of Z.the Z.following? Z.- Z.Correct Z.Answer Z.-
Z.Rehabilitation Z.Benefits.
The Z.unauthorized Z.intrusion Z.into Z.a Z.company's Z.computer Z.network Z.resulting Z.in Z.damage Z.to
Z.intellectual Z.property Z.is Z.best Z.classified Z.as Z.which Z.one Z.of Z.the Z.following Z.types Z.of Z.cyber
Z.liability Z.exposures? Z.- Z.Correct Z.Answer Z.- Z.Intangible Z.property.
An Z.email Z.was Z.sent Z.to Z.a Z.company's Z.employee Z.containing Z.a Z.harmful Z.attachment. Z.Several
Z.employees Z.opened Z.the Z.attachment Z.which Z.allowed Z.hackers Z.to Z.obtain Z.customer Z.contact
Z.information. Z.This Z.cyber Z.risk Z.loss Z.is Z.- Z.Correct Z.Answer Z.- Z.Damage Z.to Z.intangible Z.property.
Which Z.one Z.of Z.the Z.following Z.best Z.describes Z.real Z.property? Z.- Z.Correct Z.Answer Z.- Z.Tangible
Z.property Z.that Z.include Z.land, Z.structures Z.permanently Z.attached Z.to Z.the Z.land, Z.and Z.whatever Z.is
Z.growing Z.on Z.the Z.land.
Which Z.one Z.of Z.the Z.following Z.is Z.an Z.example Z.of Z.injury Z.or Z.damage Z.arising Z.from Z.an
Z.occurrence Z.that Z.would Z.be Z.covered Z.by Z.the Z.products Z.and Z.completed Z.operations Z.liability
Z.portion Z.of Z.the Z.Commercial Z.General Z.Liability Z.(CGL) Z.Coverage Z.Form? Z.- Z.Correct Z.Answer Z.- Z.A
Z.defective Z.gas Z.range Z.manufactured Z.by Z.the Z.insured Z.explodes Z.causing Z.injury.
, A Z.building Z.contractor Z.uses Z.lower Z.grade Z.materials Z.than Z.called Z.for Z.in Z.the Z.specifications Z.for
Z.an Z.office Z.building. Z.A Z.year Z.after Z.the Z.building Z.was Z.completed, Z.a Z.balcony Z.collapses, Z.injuring
Z.several Z.employees Z.and Z.customers Z.and Z.causing Z.damage Z.to Z.the Z.building Z.and Z.contents. Z.For
Z.the Z.building Z.construction Z.company, Z.this Z.is Z.an Z.example Z.of Z.- Z.Correct Z.Answer Z.- Z.A
Z.completed Z.operations Z.liability Z.exposure.
To Z.be Z.covered Z.under Z.a Z.workers Z.compensation Z.statute, Z.an Z.injury Z.or Z.disease Z.(in Z.most
Z.states) Z.must Z.meet Z.which Z.one Z.of Z.the Z.following Z.requirements? Z.- Z.Correct Z.Answer Z.- Z.Arise
Z.out Z.of Z.employees Z.job-related Z.injuries Z.and Z.diseases.
Which Z.one Z.of Z.the Z.following Z.supply Z.chain Z.exposures Z.can Z.a Z.business Z.mitigate Z.by Z.carefully
Z.wording Z.contracts Z.and Z.diversifying Z.suppliers? Z.- Z.Correct Z.Answer Z.- Z.Loss Z.of Z.supply Z.due Z.to
Z.external Z.events.
Bio-Pharma Z.was Z.a Z.highly Z.regarded Z.pharmaceutical Z.company. Z.That Z.changed Z.last Z.year Z.when
Z.it Z.was Z.revealed Z.that Z.Bio-Pharma Z.researchers Z.had Z.fabricated Z.test Z.results Z.of Z.the Z.company's
Z.new Z.hypertension Z.drug, Z.a Z.company Z.official Z.bribed Z.a Z.key Z.regulator Z.to Z.get Z.the Z.drug
Z.approved. Z.These Z.revelations Z.led Z.to Z.a Z.sharp Z.decline Z.in Z.sales Z.of Z.all Z.Bio-Pharma's Z.drugs, Z.a
Z.sharp Z.decline Z.in Z.net Z.income, Z.and Z.a Z.decline Z.in Z.Bio-Pharma's Z.stock Z.price. Z.This Z.scenario
Z.clearly Z.indicates Z.the Z.value Z.of Z.a Z.corporation's Z.- Z.Correct Z.Answer Z.- Z.Reputation.
Sally Z.is Z.a Z.commercial Z.property Z.claims Z.adjuster. Z.When Z.she Z.first Z.assigned Z.a Z.claim, Z.she
Z.reviews Z.the Z.commercial Z.property Z.part Z.of Z.the Z.policy Z.to Z.make Z.sure Z.that Z.the Z.property Z.that
Z.suffered Z.the Z.loss Z.matches Z.the Z.description Z.of Z.the Z.property Z.insured. Z.She Z.also Z.reviews Z.the
Z.kinds Z.and Z.amounts Z.of Z.coverage Z.provided. Z.Which Z.of Z.the Z.following Z.components Z.of Z.the
Z.commercial Z.property Z.part Z.will Z.provide Z.Sally Z.with Z.this Z.information? Z.- Z.Correct Z.Answer Z.-
Z.Commercial Z.property Z.declarations Z.page.
Billy Z.owns Z.a Z.baseball Z.souvenir Z.store Z.in Z.Cooperstown, Z.NY. Z.He Z.insured Z.his Z.store Z.under Z.a
Z.Building Z.and Z.Personal Z.Property Z.Coverage Z.Form Z.(BPP) Z.with Z.a Z.$275,000 Z.limit Z.and Z.a Z.$1,500
Z.deductible. Z.A Z.large Z.fire Z.in Z.the Z.store Z.caused Z.significant Z.damage Z.amounting Z.to Z.$310,000 Z.in
Z.covered Z.damages. Z.How Z.much Z.would Z.Billy's Z.insurer Z.pay Z.under Z.his Z.BPP? Z.- Z.Correct Z.Answer
Z.- Z.$275,000.
Which Z.one Z.of Z.the Z.following Z.is Z.one Z.of Z.the Z.covered Z.causes Z.of Z.loss Z.in Z.the Z.commercial
Z.property Z.policy Z.Causes Z.of Z.Loss Z.- Z.Basic Z.Form? Z.- Z.Correct Z.Answer Z.- Z.Explosion.
Which Z.one Z.of Z.the Z.following Z.statements Z.about Z.Inflation Z.Guard Z.optional Z.coverage Z.of Z.the
Z.Building Z.and Z.Personal Z.Property Z.Coverage Z.Form Z.(BPP) Z.is Z.true? Z.- Z.Correct Z.Answer Z.- Z.It
Z.automatically Z.increases Z.the Z.limit Z.of Z.insurance Z.by Z.the Z.percentage Z.of Z.annual Z.increase
Z.shown Z.in Z.the Z.declarations.
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