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AINS103 Practice Questions, AINS 103 With Complete answers_100- sure.pdf
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8/22/24, 3:26 PMJeremiah
AINS103 Practice Questions, AINS 103
Practice questions for this set
Learn 1 /7 Study with Learn
Completed operations liability.
Choose matching term
A contractor is hired to install a new concrete sidewalk in front of a store. Several weeks after the
sidewalk was installed, the concrete buckles and a passerby trips and falls on the buckled sidewalk.
1
The passerby sues the contractor to recover medical expenses incurred due to the fall. This
commercial liability is categorized as
Chuckie's chicken distributor researches the benefits of consuming chicken versus consuming beef. In
November 2011, Chuckie's publishes a brochure outlining the potential health hazards of consuming
beef and explaining why chicken is a healthier alternative. Chuckie continues to publish and distribute
the same brochure for six months. In March 2012, several beef distributors file a suit against Chuckie's
for personal and advertising injury. Which one of the following exclusions would apply to this claim
under Coverage B of Chuckie's Commercial General Liability Coverage Form (CGL) with a policy
2
period of January 2012 - January 2013?
Select one:
A. Unauthorized use of another's name or product
B. Material published prior to the policy period
C. Material published with knowledge of falsity
D. Knowing violation of rights of another
AINS103 Practice Questions, AINS 103
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Which one of the following components of the commercial property part of a commercial package
policy can be used to tailor the coverage to meet the specialized needs of a particular insured or
eliminate exposure that the underwriter is unwilling to insure?
Select one:
3
A. Commercial property declarations
B. Endorsements
C. Commercial property conditions
D. Causes of loss form
4 Bodily injury
Don't know?
Terms in this set (513)
In property insurance, the term "Property in Property while being transported by trucks, cars, buses, trains, airplanes, and ships.
Transit" refers to which one of the following?
Extra expenses are expenses, in addition to Cost to rent temporary office space.
ordinary expenses, that an organization
incurs to mitigate the effects of a business
interruption. Which one of the following is an
example of an extra expense?
Upon entering a restaurant, a customer Premises and operations liability.
grasped a handrail the broke off, causing the
customer to fall and break his wrist. This is an
example of which one of the following types
of commercial general liability loss?
A contractor is hired to install a new Completed operations liability.
concrete sidewalk in front of a store. Several
weeks after the sidewalk was installed, the
concrete buckles and a passerby trips and
falls on the buckled sidewalk. The passerby
sues the contractor to recover medical
expenses incurred due to the fall. This
commercial liability is categorized as
A carrier that is prevented by an accident The compensation the carrier receives for transporting cargo.
from delivering the cargo aboard its ship
may face an exposure called loss of freight,
which is
The management of Maryland Marine Co. Many states workers compensation statutes exclude casual labor (temporary
(MMC) must ensure that proper coverage is employees).
obtained for work- related injuries. The
employee population of MMC is a mixture of
full-time and part-time employees as well as
some casual employees for one-time tasks.
Much of MMC's work is done by
independent contractors and temporary
employees during peak seasons. Which one
of the following statements about these
persons is true?
AINS103 Practice Questions, AINS 103
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When a clothing manufacturer decides to Loss or damage caused by computer virsuses.
expand the sale of its clothing line by
offering internet purchases, it creates new
exposures not otherwise covered, or not
fully covered, by a traditional policy. These
include
Meat Products Company (MPC) runs Regulatory and legal compliance.
packing plants in three Midwest states. The
company was in the news recently because
of its labor practices. The Department of
Labor (DOL) investigated complaints from
five female employees that MPC
discriminated against them. The DOL found
the claim was true. The Immigration and
Naturalization Service (INS) found that the
company employed illegal immigrants and
paid them less than the minimum wage.
When this news became public, MPC's
reputation was severely harmed. This
scenario illustrates which source of
reputation risk
Perils are an important aspect of property A peril is the actual means by which property is damaged or destroyed such as fire,
insurance. Which one of the following lightning, windstorm, hail or theft.
statements is correct with respect to perils?
During a business interruption, some of the Payroll of key employees.
organizations expenses, called continuing
expenses, will continue, and other expenses,
called non-continuing expenses, will not
continue. Which one of the following is an
example of a continuing expense?
Which one of the following loss exposure Completed operations liability.
exist when a business can be held legally
liable for bodily injury or property damaged
caused by their repair or contracting work?
Which one of the following entities would Paul the plumber.
likely have the greatest completed
operations loss exposure?
Inland marine insurance is insurance that Many different classes of property that typically involve an element of transportation
covers on land.
Joe signs a contract with Home Builders to No, because Joe is not an employee of Home Builders.
install the electrical wiring for a new home.
He uses his own tools and follows the
specifications in the contract. Joe is burned
while installing the wiring. Does Home
Builders' workers compensation policy cover
Joe's injury?
Cyber risk intellectual property loss Cyber extortion of trade secrets.
exposures include
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