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AINS 103_ Chapter 3 WITH 100- SURE ANSWERS
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AINS 103_ Chapter 3 WITH 100- SURE ANSWERS
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10/5/24, 8:57 AMEUNICE
AINS 103: Chapter 3WITH 100% SURE ANSWERS
What does a commercial general liability An organization against financial losses stemming from liability for damages to
coverage form protect? people or property.
Jenny owns a convenience store. A Coverage C might apply, because Coverage C-Medical Payments, pays medical
customer slipped and fell in an aisle but expenses of others in certain circumstances.
only required minor medical care at a local
clinic. What coverage might apply for this
occurrence?
Sean entered a bookstore and asked for a Coverage A might apply, because Coverage A-Bodily Injury and Property Damage
book on the highest shelf. The bookstore's Liability covers bodily injury or property damage, such as when a customer is injured
worker got a ladder to retrieve the book, in a store.
but the ladder fell and hit Sean. Sean
required hospitalization and overnight
observation. What coverage would apply
for the bookstore?
Occurrence: An accident or event that leads to a claim being filed.
Bodily Injury: Any physical injury to a person, including sickness, disease, and death.
Property Damage: The injury to, destruction of, or loss of use of tangible property.
1. Insured must be legally liable for the damages.
2. Requires the damages to result from bodily injury or property damage as defined
Conditions of CGL Coverage A:
in the policy.
3. Intentional events, such as assault, are not covered.
Jimmy owns an auto body shop in AZ that is No, because the event happened outside the policy coverage zone.
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?
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Taylor slipped on a puddle in a deli and Yes, because the damages occurred within the time period the policy was in effect.
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?
For the purposes of the CGL form, what Mental anguish, mental injury, fright, shock, humiliation, and loss of reputation.
can the term "injury" include?
The CGL Coverage B insuring agreement False imprisonment, malicious prosecution, wrongful eviction, libel, slander,
states that the insurer will pay any damages infringement on copyright.
assessed against the insured for several
specific offenses, such as:
Intentional acts, breaching a contract, as well as limitations on occurrences that take
CGL Coverage B Exclusions:
place on or in internet chat rooms and discussion boards.
Why does Coverage C provide a modest Because it is meant to make quick settlements in the hopes of avoiding larger liability
amount of insurance for settling minor claims.
injury cases without requiring
determination of liability?
Paul owns a gas station. Janet stopped for Yes.
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?
Coverage is excluded for bodily injury to any insured, anyone hired to work for an
Exclusions under Coverage C: insured, a tenant, a person entitled to workers comp, or a person injured while taking
part in exercises or games.
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
Insuring Agreement:
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 Declarations.
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?
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