AINS 23 ,AINS Practice Exam Review and
Farmacología AINES
EXAM 2024 – 2025 LATEST UPDATED 50
QUESTIONS WITH DETAILED ANSWERS
Crime - Employee Theft covers: - ✔✔ANSWER✔✔-1) Theft
committed by any employee
2) Money, securities and "other property" with intrinsic value and it
is tangible
3) Coverage extends in US territory, Canada, Puerto Rico or
anywhere that an employee is temporarily outside for less than 90
consecutive days
Crime - Forgery/Alteration covers: - ✔✔ANSWER✔✔-1) Forgery
and/or alteration
2) Checks, drafts, promissory notes or similar instruments
3) Worldwide
Crime - Inside the Premises, Theft of Money and Securities
covers: - ✔✔ANSWER✔✔-1) Theft, disappearance or destruction,
as well as actual or attempted theft of money or securities, and
actual or attempted theft or unlawful entry
2) Money and securities, applicable to the premises or the
premises exterior, including locked safes, vaults, registers, cash
boxes, cash drawers
3) Applies only inside the premises
Crime - Inside the Premises, Robbery or Safe Burglary of Other
Property covers: - ✔✔ANSWER✔✔-1) Actual or attempted
robbery of a custodian or safe burglary
2) Covers "other property", including when locked in a safe or a
vault
,3) Applies only inside the premises
Crime - Outside the Premises covers: - ✔✔ANSWER✔✔-1) Theft,
disappearance or destruction of money or securities, or actual or
attempted robbery of other property
2) Coverage applies outside the premises in the care or custody
of a messenger or armored car company in US, Puerto Rico or
Canada
Crime - Computer and Funds Transfer Fraud covers: -
✔✔ANSWER✔✔-1) Use of a computer to fraudulently cause a
transfer or cause the NI's account to be debited or deleted; or
fraudulent instruction directing the financial institution to debit or
delete the NI's account
2) Applies to money, securities and other property for computer
fraud (actual use of computer); or money or securities for funds
transfer fraud (fraudulent instruction)
3) Worldwide
Crime - Money Orders and Counterfeit Money covers: -
✔✔ANSWER✔✔-1) Good-faith acceptance of money orders that
are not paid upon presentation or counterfeit money
2) Covers money orders issued by any post office, express
company or financial institution, or counterfeit money acquired
during regular course of business
3) Applies to US, Puerto Rico, Canada
Real Property (Realty) - ✔✔ANSWER✔✔-Tangible property
consisting of land, all structures permanently attached to the land,
and whatever is growing on the land
Personal Property - ✔✔ANSWER✔✔-All tangible or intangible
property that is not real property
,Commercial Property Coverage Part - ✔✔ANSWER✔✔-
Commercial package policy (CPP) coverage component that
provides a broad range of coverages to "middle-market" or larger
firms to insure buildings and business personal property
Commercial Package Policy (CPP) - ✔✔ANSWER✔✔-Policy that
covers two or more lines of business by combining ISO's
commercial lines coverage parts
Monoline Policy - ✔✔ANSWER✔✔-Policy that covers only one
line of business
Package Modification Factors - ✔✔ANSWER✔✔-Factors that are
applied to the regular policy premiums for certain coverage parts
of a CPP that includes both property and liability coverages,
resulting in premium discounts for those coverage parts
Commercial Property Declarations Page - ✔✔ANSWER✔✔-A
required commercial property coverage part component that
provides basic information about the policyholder and the
insurance provided
Commercial Property Coverage Form - ✔✔ANSWER✔✔-A
commercial property coverage part component that can be any of
several commercial property forms containing an insuring
agreement and related provisions
Causes of Loss Form - ✔✔ANSWER✔✔-A required component
of the commercial property coverage part that specifies the perils
covered
Commercial Property Conditions - ✔✔ANSWER✔✔-A required
component of the commercial property coverage part that
, contains conditions applicable to all commercial property
coverage forms
"Building" Includes the following - ✔✔ANSWER✔✔-(1)
Completed additions to the covered buildings
(2) Fixtures (including outdoor fixtures)
(3) Permanently installed machinery & equipment
(4) Personal property owned by the insured used to maintain or
service the building or premises (ie. fire extinguishers, outdoor
furniture, equipment for refrigeration, HVAC, cooking,
dishwashing, laundry)
(5) If not otherwise insured, will cover additions, alterations or
repairs in progress as well as equipment & materials, if located
within 100' of the premises
Extensions to the Building & Personal Property form -
✔✔ANSWER✔✔-(1) Debris Removal
(2) Preservation of Property
(3) Fire Department Service Charge
(4) Pollutant Cleanup and Removal
(5) Increased Cost of Construction
(6) Electronic Data
Debris Removal Extension - ✔✔ANSWER✔✔-Will pay to cover
the cost of debris removal from a covered property if the debris
results from a covered cause of loss during the policy period. Can
also extend to cover removal from neighboring properties. Is an
extension of the property form
Preservation of Property Extension - ✔✔ANSWER✔✔-Coverage
extends to property while in transit and at a new location for up to
30 days if it is moved to prevent loss. Coverage is even broader
under this extension, protecting against "any direct physical loss
or damage". Is an extension of the property form
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