AINS 103 Associate in General Insurance 2025/2026: 3 Versions of Actual Test Banks, Exams of Insurance law

AINS 103 (Associate In General Insurance) Exam (3 newest versions) BANK VERSION AND STUDY GUIDE | ACTUAL EXAM QUESTIONS AND ANSWERS AND RATIONALES | EXPERT VERIFIED FOR GUARANTEED PASS | LATEST UPDATE /BRAND NEW

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AINS 103 (Associate In General Insurance) Exam (3
newest versions) BANK VERSION AND STUDY GUIDE
| ACTUAL EXAM QUESTIONS AND ANSWERS AND
RATIONALES | EXPERT VERIFIED FOR GUARANTEED
PASS | LATEST UPDATE /BRAND NEW
AGfamilyGrecentlyGpurchasedGaGnewGhomeGconstructedGbyGaGresidentialGhomeGb
uilder.GTwoGmonthsGafterGtakingGpossession,GseveralGofGtheGfamilyGmembersGw
ereGinjuredGwhenGtheGroofGsuddenlyGcollapsed.GTheGfamilyGsuedGtheGconstructi
onGcompanyGandGwasGawardedGmonetaryGdamagesGforGtheirGinjuries.GThisGisGa
nGexampleGofGwhichGoneGofGtheGfollowingGtypesGofGcommercialGliabilityGlossGex
posureGforGtheGconstructionGcompany?
SelectGone:
A.GProductsGliability
B.GPremisesGandGoperationsGliability
C.GCompletedGoperationsGliability
D.GEmployersGliabilityG......answer.....C.GCompletedGoperationsGliability
WhichGoneGofGtheGfollowingGisGanGexampleGofGinjuryGorGdamageGarisingGfromGa
nGoccurrenceGthatGwouldGbeGcoveredGbyGtheGproductsGandGcompletedGoperatio
nsGliabilityGportionGofGtheGCommercialGGeneralGLiabilityG(CGL)GCoverageGFor
m?
SelectGone:
A.GAGdefectiveGgasGrangeGmanufacturedGbyGtheGinsuredGexplodesGcausin
gGinjury.
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Download AINS 103 Associate in General Insurance 2025/2026: 3 Versions of Actual Test Banks and more Exams Insurance law in PDF only on Docsity!

AINS 103 (Associate In General Insurance) Exam (

newest versions) BANK VERSION AND STUDY GUIDE

| ACTUAL EXAM QUESTIONS AND ANSWERS AND

RATIONALES | EXPERT VERIFIED FOR GUARANTEED

PASS | LATEST UPDATE /BRAND NEW

AGfamilyGrecentlyGpurchasedGaGnewGhomeGconstructedGbyGaGresidentialGhomeGb uilder.GTwoGmonthsGafterGtakingGpossession,GseveralGofGtheGfamilyGmembersGw ereGinjuredGwhenGtheGroofGsuddenlyGcollapsed.GTheGfamilyGsuedGtheGconstructi onGcompanyGandGwasGawardedGmonetaryGdamagesGforGtheirGinjuries.GThisGisGa nGexampleGofGwhichGoneGofGtheGfollowingGtypesGofGcommercialGliabilityGlossGex posureGforGtheGconstructionGcompany?

SelectGone:

A.GProductsGliability

B.GPremisesGandGoperationsGliability

C.GCompletedGoperationsGliability

D.GEmployersGliabilityG......answer.....C.GCompletedGoperationsGliability

WhichGoneGofGtheGfollowingGisGanGexampleGofGinjuryGorGdamageGarisingGfromGa nGoccurrenceGthatGwouldGbeGcoveredGbyGtheGproductsGandGcompletedGoperatio nsGliabilityGportionGofGtheGCommercialGGeneralGLiabilityG(CGL)GCoverageGFor m?

SelectGone:

A.GAGdefectiveGgasGrangeGmanufacturedGbyGtheGinsuredGexplodesGcausin gGinjury.

B.GAGcustomer'sGhouseGisGsetGonGfireGwhileGtheGinsuredGisGdoingGplumbingGwork .

C.GAGdissatisfiedGcustomerGsuesGanGinsuredGforGslander.

D.GAGcustomerGisGinjuredGwhenGsheGslipsGonGaGwetGfloorGinGaGstore.G......answer.. ...A.GAGdefectiveGgasGrangeGmanufacturedGbyGtheGinsuredGexplodesGcausingGinj ury

JoeGMotors,GwhichGservicesGautomobiles,GwantsGtoGmaintainGtheGgoodwillGofGit sGcustomers.GThisGisGbestGaccomplishedGby

SelectGone:

A.GPurchasingGgarageGliabilityGinsurance.

B.GPurchasingGgaragekeepersGinsurance.

C.GLoweringGtheGphysicalGdamageGdeductibleGunderGitsGbusinessGautoGinsuranc e.

D.GRaisingGliabilityGlimitsGunderGitsGbusinessGautoGinsurance.G......answer.....B.G PurchasingGgaragekeepersGinsurance.

WorkersGcompensationGbenefitsGincludeGwhichGoneGofGtheGfollowing?

SelectGone:

A.GDeathGbenefitsGofG 100 GpercentGofGwageGloss

B.GPainGandGsufferingGbenefits

C.GRehabilitationGbenefits

D.GPropertyGdamageGbenefitsG......answer.....C.GRehabilitationGbenefits

D.GCompany'sGcopyrightsGandGtrademarks.G......answer.....B.GContentsGinGandGar oundGaGbuilding.

InGbusinessGincomeGinsurance,GtheGexpensesGthatGanGorganizationGwouldGnotGh aveGincurredGifGtheGbusinessGinterruptionGhadGnotGoccurredGareGcalled

SelectGone:

A.GContinuingGexpenses.

B.GContingentGexpenses.

C.GExcludableGexpenses.

D.GExtraGexpenses.G......answer.....D.GExtraGexpenses.

AGvehicleGownerGhadGaGtireGstoreGinstallGfourGnewGwheelsGandGtiresGonGtheGvehi cle.GOnGtheGwayGhomeGfromGtheGstore,GoneGofGtheGwheelsGcameGoff,GcausingGthe GvehicleGtoGaccidentallyGrunGoffGtheGroadGandGstrikeGaGtree.GTheGvehicleGownerGs uedGtheGtireGstoreGforGfailingGtoGproperlyGtightenGtheGlugGnutsGonGtheGvehicle.GT heGlossGexposureGfacedGbyGtheGtireGstoreGinGthisGcaseGisGknownGas

SelectGone:

A.GEmployersGliability.

B.GCompletedGoperationsGliability.

C.GAutomobileGliability.

D.GProductsGliability.G......answer.....B.GCompletedGoperationsGliability.

WhichGoneGofGtheGfollowingGlossGexposuresGexistGwhenGaGbusinessGcanGbeGheldG legallyGliableGforGbodilyGinjuryGorGpropertyGdamageGcausedGbyGtheirGrepairGorGc ontractingGwork?

SelectGone:

A.GOperationsGliability

B.GCompletedGoperationsGliability

C.GWorkers'GcompensationGliability

D.GProductsGliabilityG......answer.....B.GCompletedGoperationsGliability

InlandGmarineGinsuranceGisGinsuranceGthatGcovers

SelectGone:

A.GBusinessesGthatGownGorGoperateGwatercraft,GorGimportGorGexportGgoods.

B.GManyGdifferentGclassesGofGpropertyGthatGtypicallyGinvolveGanGelement GofGtransportationGonGland.

C.GCompaniesGthatGshipGgoodsGbyGcommercialGvesselGonGinlandGwaterways.

D.GMiscellaneousGlinesGsuchGasGburglary,Gglass,GandGsteamGboilers.G......answer.. ...B.GManyGdifferentGclassesGofGpropertyGthatGtypicallyGinvolveGanGelementGofGtr ansportationGonGland.

SueGisGinjuredGatGwork,GandGherGjobGresponsibilitiesGareGreducedGforG 30 Gdays,Gaf terGwhichGtimeGsheGisGfullyGrecovered.GSueGhasGwhichGoneGofGtheGfollowingGtype sGofGworkersGcompensationGdisabilities?

SelectGone:

A.GTemporaryGtotalGdisability

B.GPermanentGpartialGdisability

C.GTemporaryGpartialGdisability

D.GPermanentGtotalGdisabilityG......answer.....C.GTemporaryGpartialGdisability

A.GAGperilGisGtheGactualGmeansGbyGwhichGpropertyGisGdamagedGorGdestroyedGsuc hGasGfire,Glightning,Gwindstorm,Ghail,GorGtheft.

B.GInGorderGtoGbeGcoveredGbyGanGinsuranceGpolicy,GaGperilGmustGbeGdefinedGandG describedGinGthatGpolicy.

C.GPropertyGinsuranceGpoliciesGcanGcoverGspecificGperilsGandGcannotGexcludeGot herGperils.

D.GAGperilGisGanythingGthatGincreasesGtheGfrequencyGorGtheGseverityGofGaGloss.G.... ..answer.....A.GAGperilGisGtheGactualGmeansGbyGwhichGpropertyGisGdamagedGorGde stroyedGsuchGasGfire,Glightning,Gwindstorm,Ghail,GorGtheft.

AGcontractorGisGhiredGtoGinstallGaGnewGconcreteGsidewalkGinGfrontGofGaGstore.GSe veralGweeksGafterGtheGsidewalkGwasGinstalled,GtheGconcreteGbucklesGandGaGpasse rbyGtripsGandGfallsGonGtheGbuckledGsidewalk.GTheGpasserbyGsuesGtheGcontractorG toGrecoverGmedicalGexpensesGincurredGdueGtoGtheGfall.GThisGcommercialGliabilit yGlossGisGcategorizedGas

SelectGone:

A.GProductsGliability.

B.GEnvironmentalGliability.

C.GProfessionalGliability.

D.GCompletedGoperationsGliability.G......answer.....D.GCompletedGoperationsGlia bility.

WhichGoneGofGtheGfollowingGentitiesGwouldGlikelyGhaveGtheGgreatestGcompleted GoperationsGlossGexposure?

SelectGone:

A.GPaulGtheGplumber

B.GDorisGtheGphysician

C.GMoeGtheGmanufacturer

D.GSamGtheGaccountantG......answer.....A.GPaulGtheGplumber

AGcarrierGthatGisGpreventedGbyGanGaccidentGfromGdeliveringGtheGcargoGaboardGit sGshipGmayGfaceGanGexposureGcalledGlossGofGfreight,GwhichGis

SelectGone:

A.GTheGcompensationGtheGcarrierGreceivesGforGtransportingGcargo.

B.GAGpenaltyGtheGcarrierGpaysGtheGshipperGforGnondelivery.

C.GTheGliabilityGforGlossGorGdamageGtoGtheGcargoGentrustedGtoGit.

D.GTheGcostGofGdisposingGofGundeliverableGgoods.G......answer.....A.GTheGcompe nsationGtheGcarrierGreceivesGforGtransportingGcargo.

TheGtypicalGworkersGcompensationGstatuteGprovidesGpaymentGforGwhichGoneGo fGtheGfollowing?

SelectGone:

A.GMedicalGbillsGsustainedGwhileGanGemployeeGcommutesGtoGworkGonGpublicGtr ansit

B.GInjuriesGtoGcustomersGonGtheGinsuredGpremises

C.GMedicalGbillsGforGanGinjuryGsustainedGbyGanGemployeeGwhileGworking

D.GAnyGpropertyGdamageGthatGaccompaniesGaGbodilyGinjuryG......answer.....C.GM edicalGbillsGforGanGinjuryGsustainedGbyGanGemployeeGwhileGworking

C.GMobileGequipmentGwhileGmovingGunderGitsGownGpowerGfromGoneGworkGloca tionGtoGanother

D.GPropertyGwhileGbeingGtransportedGbyGtrucks,Gcars,Gbuses,Gtrains,Gairplanes,G andGshipsG......answer.....D.GPropertyGwhileGbeingGtransportedGbyGtrucks,Gcars,Gb uses,Gtrains,Gairplanes,GandGships

DuringGaGbusinessGinterruption,GsomeGofGtheGorganization'sGexpenses,GcalledGc ontinuingGexpenses,GwillGcontinue,GandGotherGexpenses,GcalledGnoncontinuing Gexpenses,GwillGnotGcontinue.GWhichGoneGofGtheGfollowingGisGanGexampleGofGaGc ontinuingGexpense?

SelectGone:

A.GCostGtoGrentGtemporaryGofficeGspace

B.GCostGofGovernightGairGshipmentGofGneededGrepairGparts

C.GPayrollGofGkeyGemployees

D.GOvertimeGwagesGtoGemployeesG......answer.....C.GPayrollGofGkeyGemployees

PedestrianGWilmaGwasGinjuredGasGaGresultGofGaGcontractor'sGnegligenceGwhenGt heGcontractorGfailedGtoGadequatelyGwarnGtheGpublicGofGaGhazardGwhenGpavingGa Groad.GAnyGresultingGliabilityGclaimGbyGWilmaGagainstGtheGcontractorGwouldGbe GconsideredGtoGhaveGarisenGfromGtheGcontractor's

SelectGone:

A.GProductsGandGcompletedGoperationsGliabilityGexposure.

B.GPremisesGandGoperationsGliabilityGexposure.

C.GPersonalGliabilityGexposure.

D.GAbsoluteGliabilityGexposure.G......answer.....B.GPremisesGandGoperationsGliabil ityGexposure.

XYZGcontractor,GcoveredGunderGanGunendorsedGCommercialGGeneralGLiabilityG (CGL)GCoverageGForm,GisGinstallingGkitchenGcabinetsGinGaGcustomer'sGhome.GT heGcontractorGmanufacturedGtheGcabinets.GWhileGtheGcontractorGisGfasteningGa Gcabinet,GitGfallsGandGinjuresGtheGcustomer.GWhichGoneGofGtheGfollowingGbestGex plainsGhowGcoverageGunderGtheGcontractor'sGCGLGCoverageGFormGappliesGinGth isGcase?

SelectGone:

A.GProductsGandGcompletedGoperationsGliabilityGappliesGbecauseGtheGcontracto rGwasGinstallingGcabinetsGitGmanufactured.

B.GPremisesGandGoperationsGliabilityGappliesGbecauseGtheGcontractorGwasGinGthe GprocessGofGinstallingGtheGcabinets.

C.GProductsGandGcompletedGoperationsGliabilityGappliesGbecauseGtheGcontracto rGwasGcompletingGtheGwork.

D.GPremisesGandGoperationsGliabilityGappliesGbecauseGtheGcontractorGwasGwork ingGatGtheGcustomer'sGpremises.G......answer.....B.GPremisesGandGoperationsGliabi lityGappliesGbecauseGtheGcontractorGwasGinGtheGprocessGofGinstallingGtheGcabine ts.

TheGmanagementGofGMarylandGMarineGCo.G(MMC)GmustGensureGthatGproperGc overageGisGobtainedGforGwork- relatedGinjuries.GTheGemployeeGpopulationGofGMMCGisGaGmixtureGofGfull- timeGandGpart-timeGemployeesGasGwellGasGsomeGcasualGemployeesGforGone- timeGtasks.GMuchGofGMMC'sGworkGisGdoneGbyGindependentGcontractorsGandGte mporaryGemployeesGduringGpeakGseasons.GWhichGoneGofGtheGfollowingGstatem entsGaboutGtheseGpersonsGisGtrue?

SelectGone:

A.GManyGstatesGworkersGcompensationGstatutesGexcludeGcasualGlaborG(tempora ryGemployees).

RenataGownsGaGvaluableGantiqueGsculptureGbyGaGfamousGartist.GOneGdayGsheGac cidentallyGdroppedGtheGsculptureGandGaGpieceGofGitGbrokeGoff.GRenataGtookGtheG sculptureGtoGanGartGrestorer,GwhoGreattachedGtheGbrokenGpieceGandGrepairedGth eGsurface.GFromGaGdistance,GtheGstatueGlooksGtheGsameGasGitGdidGbeforeGRenataG droppedGit,GbutGaGcloseGinspectionGrevealsGtheGrepair.GWhichGoneGofGtheGfollow ingGbestGdescribesGtheGfinancialGconsequencesGofGtheGaccident?

SelectGone:

A.GThereGareGnoGfinancialGconsequencesGbecauseGtheGpieceGlooksGtheGsameGasGi tGdidGbeforeGtheGaccident.

B.GTheGfinancialGconsequencesGincludeGtheGcostGofGtheGrepairGandGtheGreductio nGinGvalueGresultingGfromGtheGrepairedGdamage.

C.GRenataGhasGincurredGaGtotalGlossGbecauseGoriginalGartworkGisGimpossibleGtoGr eplace.

D.GTheGonlyGfinancialGconsequenceGofGtheGaccidentGisGtheGmoneyGRenataGpaidGt heGartGrestorerGforGtheGrepair.G......answer.....B.GTheGfinancialGconsequencesGincl udeGtheGcostGofGtheGrepairGandGtheGreductionGinGvalueGresultingGfromGtheGrepai redGdamage.

TelephoneGCompanyGinstallsGfiber- opticGcableGusingGaGtrenchingGmachineGthatGdigsGaGtrench,GburiesGtheGcable,Gfill sGinGtheGtrench,GandGreseeds,GallGinGoneGpass.GTheGtrenchingGmachineGcanGinsta llGcableGinGaGfifty- homeGneighborhoodGinGoneGday.GAGdayGafterGtheGtrenchingGmachineGpassesGby ,GaGmemberGofGtheGcommunityGstepsGonGtheGtrenchedGarea,GsinksGin,GandGbreak sGhisGleg.GThisGisGanGexampleGofGaGliabilityGlossGexposureGarisingGoutGof

SelectGone:

A.GPremises.

B.GCompletedGoperations.

C.GProfessional.

D.GProducts.G......answer.....B.GCompletedGoperations.

RadleyGContractingGCompanyGisGinstallingGnewGsignageGonGtheGfrontGofGaGbuild ing.GGeorge,GaGpasserbyGwalkingGnearGtheGbuildingGisGinjuredGwhenGaGRadleyGe mployeeGaccidentallyGdropsGaGtoolGfromGaGcrane.GGeorgeGlikelyGhasGtheGabilityGt oGassertGwhichGoneGtheGfollowingGtypesGofGclaim?

SelectGone:

A.GPremisesGandGproductsGliability

B.GPremisesGandGoperationsGliability

C.GCompletedGoperationsGliability

D.GIncompletedGoperationsGliabilityG......answer.....B.GPremisesGandGoperationsG liability

JoeGsignsGaGcontractGwithGHomeGBuildersGtoGinstallGtheGelectricalGwiringGforGaGn ewGhome.GHeGusesGhisGownGtoolsGandGfollowsGtheGspecificationsGinGtheGcontrac t.GJoeGisGburnedGwhileGinstallingGtheGwiring.GDoesGHomeGBuilders'GworkersGco mpensationGpolicyGcoverGJoe'sGinjury?

SelectGone:

A.GYes,GbecauseGtheGinjuryGaroseGoutGofGandGinGtheGcourseGofGemployment

B.GNo,GbecauseGJoeGprobablyGcontributedGtoGtheGinjury

C.GYes,GbecauseGHomeGBuildersGmustGprovideGno- faultGprotectionGforGemployees

D.GNo,GbecauseGJoeGisGnotGanGemployeeGofGHomeGBuildersG......answer.....D.GNo, GbecauseGJoeGisGnotGanGemployeeGofGHomeGBuilders

WhichGoneGofGtheGfollowingGperilsGwouldGbeGcoveredGunderGtheGcommercialGpr opertyGpolicyGbroadGformGbutGnotGcoveredGunderGtheGbasicGform?

SelectGone:

A.GDamageGdueGtoGexplosion.

B.GDamageGdueGtoGvehicles

C.GDamageGdueGtoGvandalism

D.GDamageGdueGtoGweightGofGsnowG......answer.....D.GDamageGdueGtoGweightGofG snow

TheGcommercialGpropertyGpolicyGCausesGofGLossGFormGthatGprovidesGcoverageG forG"risksGofGdirectGphysicalGloss,"GunlessGexcludedGorGlimitedGbyGtheGpolicyGisGc alledGthe

SelectGone:

A.GCausesGofGLoss—SpecialGForm.

B.GCausesGofGLoss—AllGRisksGForm.

C.GCausesGofGLoss—BasicGForm.

D.GCausesGofGLoss—BroadGForm.G......answer.....A.GCausesGofGLoss— SpecialGForm.

WhichGoneGofGtheGfollowingGstatementsGisGcorrectGwithGregardGtoGtheGBuildingG andGPersonalGPropertyGCoverageGFormG(BPP)?

SelectGone:

A.GInsuredsGcannotGobtainGanyGcoverageGunderGtheGBPPGorGitsGoptionalGcovera gesGforGleasedGphotocopiers,Gcomputers,GphoneGsystems,GandGotherGequipmen t.

B.GInsuredsGwhoGhaveGselectedGtheGreplacementGcostGoptionGmayGalsoGelectGtoG haveGtheGpersonalGpropertyGofGothersGvaluedGatGreplacementGcost.

C.GUnderGtheGextensionGofGreplacementGcostGtoGpersonalGpropertyGofGothers,Gth eGamountGofGaGlossGisGcalculatedGaccordingGtoGaGformulaGincludedGinGtheGadditi onalGcoverageGwording.

D.GIfGanGinsuredGextendsGreplacementGcostGtoGtheGpersonalGpropertyGofGothers,G theGamountGofGaGlossGisGcalculatedGasGtheGreplacementGcostGofGthatGproperty,Gev enGifGthatGamountGexceedsGtheGapplicableGlimitGofGinsurance.G......answer.....B.GI nsuredsGwhoGhaveGselectedGtheGreplacementGcostGoptionGmayGalsoGelectGtoGhav eGtheGpersonalGpropertyGofGothersGvaluedGatGreplacementGcost.

WhenGSylvesterGPropertiesGsufferedGaG$500,000GlossGofGbusinessGincome,GitGfile dGaGclaimGunderGtheGBusinessGIncomeG(andGExtraGExpense)GCoverageGFormG(BI C)GofGitsGcommercialGpackageGpolicy.GInGorderGforGtheGlossGtoGbeGcovered,GtheGl ossGofGbusinessGincomeGmustGbeGdueGtoGaGnecessaryGsuspensionGinGoperationsG causedGbyGaGdirectGphysicalGlossGorGdamageGtoGpropertyGatGtheGpremisesGforGwh ichGBICGisGshownGinGtheGpolicyGdeclarations.GWhichGoneGofGtheGfollowingGisGals oGpartGofGtheGcriteriaGforGtheGlossGtoGbeGcovered?

SelectGone:

A.GTheGlossGorGdamageGmustGbeGcausedGbyGaGcoveredGcauseGofGloss.

B.GTheGsuspensionGofGoperationsGmustGbeGlessGthanGaGyear.

C.GTheGinsuredGmustGcontinueGoperationsGatGaGnewGlocation.

D.GTheGsuspensionGofGoperationsGmustGbeGgreaterGthanG 60 Gdays.G......answer..... A.GTheGlossGorGdamageGmustGbeGcausedGbyGaGcoveredGcauseGofGloss.

WhichGoneGofGtheGfollowingGwouldGbeGconsideredGanGextraGexpenseGunderGtheG BusinessGIncomeG(andGExtraGExpense)GCoverageGFormGofGtheGcommercialGpac kageGpolicy?

D.GDefinitionsGandGprovisionsG......answer.....A.GAGrangeGofGcoveredGperil

WhichGoneGofGtheGfollowingGisGaGcoveredGcauseGofGlossGunderGtheGCausesGofGLos s—BasicGForm?

SelectGone:

A.GWeightGofGice,Gsnow,GorGsleet

B.GFallingGobjects

C.GWaterGdamage

D.GSprinklerGleakageG......answer.....D.GSprinklerGleakage

WhichGoneGofGtheGfollowingGisGoneGofGtheGcoveredGcausesGofGlossGinGtheGcomme rcialGpropertyGpolicyGCausesGofGLoss—BasicGform?

SelectGone:

A.GVandalism

B.GFallingGobjects

C.GWaterGdamage

D.GWeightGofGiceG......answer.....A.GVandalism

WhichGoneGofGtheGfollowingGisGcorrectGwithGrespectGtoGtheGIncreasedGCostGofGC onstructionGadditionalGcoverageGofGtheGBuildingGandGPersonalGPropertyGCover ageGFormG(BPP)?

SelectGone:

A.GTheGamountGofGinsuranceGisGequalGtoG 25 GpercentGofGtheGamountGofGinsuranc eGonGtheGbuildingGorG$50,000,GwhicheverGisGless.

B.GItGprovidesGaGsmallGamountGofGinsuranceGtoGcoverGtheGincreasedGcostGtoGcom plyGwithGordinancesGorGlawsGregulatingGtheGrepair,Grebuilding,GorGreplacementG ofGcoveredGbuildings.

C.GItGincludesGcoverageGforGtheGcostGtoGdemolishGtheGundamagedGportionGofGth eGstructureGandGremoveGitsGdebris.

D.GItGdoesGnotGapplyGifGtheGreplacementGcostGoptionGhasGbeenGselected.G......ans wer.....B.GItGprovidesGaGsmallGamountGofGinsuranceGtoGcoverGtheGincreasedGcostG toGcomplyGwithGordinancesGorGlawsGregulatingGtheGrepair,Grebuilding,GorGreplac ementGofGcoveredGbuildings.

Dooley'sGRestaurantGisGinsuredGunderGaGcommercialGpackageGpolicyG(CPP)Gwit hGtheGBusinessGIncomeG(withGExtraGExpense)GCoverageGForm.GTheGbusinessGsu fferedGaG$400,000GlossGofGbusinessGincomeGwhenGitGwasGforcedGtoGsuspendGoper ationsGafterGfloodGwatersGdamagedGtheGbasementGandGfirstGfloorGofGtheGrestaur ant.GWhichGoneGofGtheGfollowingGisGanGacceptableGreasonGforGtheGCPPGinsurerGt oGdenyGtheGbusinessGincomeGclaim?

SelectGone:

A.GTheGbuildingGwasGdamaged,GbutGnotGcompletelyGdestroyed.

B.GTheGbusinessGplannedGtoGresumeGoperationsGwithinG 120 Gdays.

C.GTheGbusinessGdidGnotGearnGaGprofitGinGtheGpriorG12-monthGperiod.

D.GTheGpolicy'sGcoveredGcausesGofGlossGdidGnotGincludeGflood.G......answer.....D.G TheGpolicy'sGcoveredGcausesGofGlossGdidGnotGincludeGflood.

Lucy'sGBakeryGisGinsuredGunderGaGcommercialGpackageGpolicyGwithGtheGBusines sGIncomeG(andGExtraGExpense)GCoverageGForm.GAGfireGlossGcausedGsignificantGd amageGtoGtheGbuilding.GWhenGLucyGlearnedGthatGitGwouldGtakeG 9 GmonthsGtoGre pairGtheGbuilding,GsheGdecidedGtoGtemporarilyGrelocateGtoGaGnearbyGrentalGlocat