Bacf - Study guides, Class notes & Summaries

AINS 103 Test Questions And Answers. Workers compensation benefits include which one of the following? When a clothing manufacturer decides to 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 Which one of the following supply chain exposures can a business mitigate by carefully wording contracts and diversifying suppliers? The commercial property coverage part of a...

Doctrine of Respondeat Superior - Answer- Aka let the master answer Liability falls on the employer for the employees actions (as long as they were in the scope) Employers Nonownership liability - Answer- An employer's liability for its employees' operation of their autos in the employer's business. Covered by commercial auto insurance. Garage coverage form - Answer- contains optional garagekeepers coverage for insuring loss to customers' autos while they are int eh custody for ...

1 AIC 302 SIMULATED EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Conor is handling an auto claim involving the death of a minor child in a state that recognizes the intrinsic value of children. Conor's proposed settlement amount will include Correct Answer: A calculated value of the child's future services to the parents. A calculated value of the child's future services to the parents. Intrinsic value of children is the assumption that parents invest in ch...

CPCU 552 questions and answers 2023 Which one of these is not an example of a coverage that is excluded under Coverage A of the CGL coverage form because it is insured under another policy? Liquor liability (Liquor liability is not an example of a coverage that is excluded under Coverage A of the CGL coverage form because it is insured under another policy. An endorsement that eliminates the liquor liability exclusion and provides coverage for organizations in the business of selling or...

Professional Liability - ANSWER-- they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as - ANSWER-What the insured expected and intended from the act. The objective standard - ANSWER-is based on what a reasonable person would expect from a particular act. ...

AINS 103 Exam Review Rated 100% Correct!! In property insurance, the term "property in transit" refers to which one of the following? Extra expenses are expenses, in addition to 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? Radley Contracting Company is installing new signage on the front of a building. George, a passerby walking near the building is injured when a Radley emplo...

AU62 Course Exam Practice Questions with Correct Answers An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - Answer-A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15 feet away...