AIC 31 QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE
11 views 0 purchase
Course
AIC
Institution
AIC
Which one of the following describes a windstorm under an insurance policy?
-:- A wind of any velocity having sufficient force to cause damage
In a specified perils policy, a loss is covered only if
-:- The cause of loss is listed.
A mortgagee's rights under a property insurance policy can be...
✓ -:- A single loss caused by two or more perils, acting either
simultaneously or in succession.
Henry's home was badly damaged from weight of ice and snow on the roof and eaves. The
property insurance coverage that would cover his loss is
✓ -:- Broad-form coverage.
Sharon and Robin joined in a business venture where they both share in business profits and
losses. Also involved in this venture is Larry, who has invested $50,000, which is the extent
of his liability in the business. Larry is a
✓ -:- Limited partner.
Freelance writer John owns a barn containing wheelbarrows, ladders, roofing shingles, a
lawn mower, clothes, some copyrights, two vehicles, and some miscellaneous personal
property. Which one of the following property items would be considered John's real
property?
✓ -:- Roofing shingles
4|P a g e | G r a d e A + | 2 0 2 0 2 5
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 TestTrackers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
