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Exam (elaborations)

AU 61: Chapter 2 Exam Questions and Answers

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  • 2024/2025
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  • 2024/2025

AU 61: Chapter 2 Exam Questions and Answers Of the four interdependent elements that commercial property underwriters analyze when evaluating submissions for property insurance, which one of the following stands out as a key factor in underwriting property insurance? Select one: A. External e...

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  • October 16, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2024/2025
  • 2024/2025
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EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER, 2024




AU 61: Chapter 2 Exam Questions and
Answers

Of the four interdependent elements that commercial property underwriters analyze when

evaluating submissions for property insurance, which one of the following stands out as a key

factor in underwriting property insurance?


Select one:


A. External exposure


B. Occupancy


C. Construction


D. Protection - Answer✔✔-C. Construction


Of the elements commonly used by property underwriters when evaluating property

submission, which one of the following is least likely to change?


Select one:


A. External exposure


B. Nature and quality of the occupancy


C. Protection



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,EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER, 2024


D. Construction - Answer✔✔-D. Construction


Occupancy is an element of the COPE model, a tool used by underwriters to evaluate property

loss exposures. Which one of the following statements is true regarding an underwriter's

assessment of occupancy as a property risk characteristic?


Select one:


A. Occupancy means the duration of time that the insured has occupied its current building,

which is important for an underwriter to consider with respect to claims frequency.


B. The operations and processes conducted within a building introduce hazards that influence

loss frequency and severity.


C. The occupancy for which a building was designed is typically not important, as long as the

current occupancy is considered to be low risk.


D. An occupancy that is open to the public, and generates a high volume of foot traffic, is

considered to be more hazardous than a woodworking shop without public access. -

Answer✔✔-B. The operations and processes conducted within a building introduce hazards that

influence loss frequency and severity.


Flame spread classifications provide references that building planners can use for different


Select one:


A. Interior finishes.


B. Fire barriers.


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, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER, 2024


C. Building designs.


D. Construction types. - Answer✔✔-A. Interior finishes.


The term that refers to the expected maximum amount of combustible material in a given area

of a building is


Select one:


A. Flash rate.


B. Fuel load.


C. Flame spread.


D. Firestop. - Answer✔✔-B. Fuel load.


Fuel load is usually expressed as weight of combustible material per


Select one:


A. Exposure unit.


B. Building.


C. Square inch.


D. Square foot. - Answer✔✔-D. Square foot.


Which one of the following has the greatest effect on how different types of construction are

classified?


Select one:

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