Exam (elaborations)
AINS 103 SIM Exam WITH 100- SURE ANSWERS
- Course
- Institution
AINS 103 SIM Exam WITH 100- SURE ANSWERS
[Show more]
Seller
Follow
Content preview
10/5/24, 8:46 AMEUNICE
AINS 103 SIM ExamWITH100% SURE ANSWERS
Terms in this set (50)
A company owns land that is used as a Does not cover the director's injuries sustained because they happened during an
softball diamond and recreational park for athletic event.
hosting employee picnics. Once a year the
company also allows a non-profit
organization to hold a softball game on
these premises. During this year's softball
game, the director of the non-profit was
3 multiple choice options
injured when a softball hit him in the head.
He asked the company that owns the land
to pay for his trip to the emergency room.
The company's unendorsed Commercial
General Liability policy
Lawn Chemical Company applies fertilizer Completed operations liability 3 multiple choice options
and weed killer to lawns and shrubs. Which
one of the following is a liability loss
exposure to which Lawn Chemical
Company likely has a significant exposure?
Sugartown Industries insures its building Causes of loss form 3 multiple choice options
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?
1/9
, 10/5/24, 8:46 AM
Sandy owns a small retail store. Sandy’s $65,000 3 multiple choice options
store is covered under a businessowners
policy (BOP) with a $500,000 limit of
insurance for its business personal property
and a $1,000 deductible. Sandy did not
purchase any optional coverages. A fire
broke out in a neighboring store, and
spread to Sandy’s store. Sandy claimed the
following damages:
Description Amount Cash in a money
drawer $5,000 Damage to the building
$50,000 Damage to a computer and printer
in the office area $15,000 Damage to a
personalized sign attached to the building
$1,000
How much will the BOP insurer pay for this
loss?
Ivan is a commercial insurance producer Jilian's Amusement Park 3 multiple choice options
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?
Business income insurance covers which The extra expenses for renting a temporary office 3 multiple choice options
one of the following types of losses that
could result from a fire?
Charlene's Clothing is a retail store selling Personal and advertising injury 3 multiple choice options
expensive women's clothing. It is insured
under an unendorsed Commercial General
Liability (CGL) Coverage Form. One day an
employee suspects that a customer is
about to shoplift an expensive handbag, so
she grabs the customer and detains her
until the police arrive. The customer files a
suit against Charlene's for humiliation and
minor bruising. This is an example of which
one of the following CGL loss exposures?
2/9
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mbitheeunice2015. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now