Download AINS 103 (Associate In General Insurance) Exam (3 newest versions) BANK VERSION AND STUDY and more Exams Health sciences in PDF only on Docsity!
Page | 1
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. 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 AnGemailGwasGsentGtoGaGcompany'sGemployeesGcontainingGaGharmfulGattachme nt.GSeveralGemployeesGopenedGtheGattachmentGwhichGallowedGhackersGtoGobtai nGcustomerGcontactGinformation.GThisGcyberGriskGlossGis SelectGone: A.GDamageGtoGintangibleGproperty. B.GDamageGtoGpersonalGproperty. C.GDamageGtoGtangibleGproperty. D.GErrorsGandGomissionsGliability.G......answer.....A.GDamageGtoGintangibleGprop erty. AnGindividualGownsGaGwebbasedGbusiness.GAllGsalesGrecordsGandGcontactGdataGareGmaintainedGonGtheGsam eGnetworkGserverGasGtheGwebsite.GSomeoneGhacksGintoGtheGserverGandGdeletesGa llGofGtheGsavedGdata.GWhichGoneGofGtheGfollowingGtypesGofGlossGisGthis? SelectGone: A.GTangibleGproperty B.GPersonalGinjury C.GIntangibleGproperty D.GContingentGbusinessGincomeG......answer.....C.GIntangibleGproperty PropertyGinsuranceGpoliciesGuseGtheGtermG"personalGproperty"GtoGreferGtoGthe SelectGone: A.GPropertyGinGtransit. B.GContentsGinGandGaroundGaGbuilding. C.GBuildingsGnotGattachedGtoGtheGmainGbuilding. 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
A.GCorporateGgovernanceGandGleadership B.GCorporateGsocialGresponsibility C.GRegulatoryGandGlegalGcompliance D.GCommunicationGandGcrisisGmanagementG......answer.....C.GRegulatoryGandGl egalGcompliance TheGtwoGcategoriesGofGpropertyGthatGareGexposedGtoGlossGfromGcyberGriskGare SelectGone: A.GInsuredGandGuninsured. B.GCoveredGandGnotGcovered. C.GTangibleGandGintangible. D.GRealGandGpersonal.G......answer.....C.GTangibleGandGintangible. PerilsGareGanGimportantGaspectGofGpropertyGinsurance.GWhichGoneGofGtheGfollo wingGstatementsGisGcorrectGwithGrespectGtoGperils? SelectGone: 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
Page | 5 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 WhenGaGclothingGmanufacturerGdecidesGtoGexpandGtheGsaleGofGitsGclothingGlineG byGofferingGinternetGpurchases,GitGcreatesGnewGexposuresGnotGotherwiseGcovere d,GorGnotGfullyGcovered,GbyGaGtraditionalGpolicy.GTheseGinclude SelectGone: A.GLossGorGdamageGcausedGbyGcomputerGviruses. B.GFireGdamageGtoGclothingGitemsGcurrentlyGlistedGforGsaleGonline. C.GLightningGdamageGtoGtheGcomputerGsystemGusedGforGinternetGsales. D.GTheftGofGclothingGitemsGinGtheirGstore.G......answer.....A.GLossGorGdamageGcau sedGbyGcomputerGviruses. TheGunauthorizedGintrusionGintoGaGcompany'sGcomputerGnetworkGresultingGinG damageGtoGintellectualGpropertyGisGbestGclassifiedGasGwhichGoneGofGtheGfollowin gGtypesGofGcyberGliabilityGexposures? SelectGone: A.GLossGofGuse B.GTangibleGproperty C.GIntangibleGproperty D.GLossGofGbusinessGincomeG......answer.....C.GIntangibleGproperty InGpropertyGinsurance,GtheGtermG"propertyGinGtransit"GrefersGtoGwhichGoneGofGth eGfollowing? SelectGone: A.GOwnedGpropertyGwhileGlocatedGanywhereGotherGthanGtheGinsuredGlocation B.GPropertyGwhileGbeingGmovedGfromGoneGbuildingGtoGanotherGatGtheGinsuredGl ocationGonly
7 G|G D.GAbsoluteGliabilityGexposure.G......answer.....B.GPremisesGandGoperationsGliabil ityGexposure. P a g e 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 overageGisGobtainedGforGworkrelatedGinjuries.GTheGemployeeGpopulationGofGMM CGisGaGmixtureGofGfulltimeGandGpart- timeGemployeesGasGwellGasGsomeGcasualGemployeesGforGonetimeGtasks.GMuchGofG
MMC'sGworkGisGdoneGbyGindependentGcontractorsGandGte mporaryGemployeesGduringGpeakGseasons.GWhichGoneGofGtheGfollowingGstatem entsGaboutGtheseGpersonsGisGtrue? SelectGone: A.GManyGstatesGworkersGcompensationGstatutesGexcludeGcasualGlaborG(tempora ryGemployees). B.GInjuriesGtoGMMC'sGfull- timeGshipGcaptainsGareGlikelyGtoGbeGcoveredGunderGstateGworkersGcompensation Glaws. C.GTemporaryGemployeesGareGconsideredGemployeesGofGMMCGratherGthanGemp loyeesGofGtheGfirmGsupplyingGthemGtoGMMC. D.GTheGindependentGcontractorsGareGautomaticallyGemployeesGunderGcommon Glaw.G......answer.....A.GManyGstatesGworkersGcompensationGstatutesGexcludeGcas ualGlaborG(temporaryGemployees). WhichGoneGofGtheGfollowingGsupplyGchainGexposuresGcanGaGbusinessGmitigateGb yGcarefullyGwordingGcontractsGandGdiversifyingGsuppliers? SelectGone: A.GStrikesGorGotherGemploymentGissues B.GChangesGinGdemand C.GProductionGbottlenecks D.GLossGofGsupplyGdueGtoGexternalGeventsG......answer.....D.GLossGofGsupplyGdueGt oGexternalGevents
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. TelephoneGCompanyGinstallsGfiberopticGcableGusingGaGtrenchingGmachineGthatG digsGaGtrench,GburiesGtheGcable,Gfill sGinGtheGtrench,GandGreseeds,GallGinGoneGpass.GTheGtrenchingGmachineGcanGinsta llGcableGinGaGfiftyhomeGneighborhoodGinGoneGday.GAGdayGafterGtheGtrenchingGma chineGpassesGby ,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,GbecauseGHomeGBuildersGmustGprovideGnofaultGprotectionGforGemployee s
D.GCommercialGpropertyGconditionsG......answer.....A.GCommercialGpropertyGde clarationsGpage 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.....
TheGcommercialGpropertyGcoverageGpartGofGaGcommercialGpackageGpolicyGcont ainsGoneGorGmoreGcommercialGpropertyGcoverageGforms.GEachGcoverageGformGt ypicallyGincludesGallGofGtheGfollowing,GEXCEPT: SelectGone: A.GAGrangeGofGcoveredGperil B.GWhatGpropertyGisGcoveredGandGpropertyGthatGisGnotGcovered C.GAnGinsuringGagreement 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:
C.GItGcoversGonlyGextraGexpensesGincurredGwithinG 48 GhoursGofGtheGloss. D.GItGcoversGextraGexpensesGonlyGforGbusinessesGthatGmustGcontinueGtheirGoper ationsGasGanyGcost.G......answer.....A.GItGcoversGonlyGextraGexpensesGthatGreduceGt heGbusinessGincomeGloss. ClassicGCashmereGShopG(CCS)GisGinsuredGbyGaGcommercialGpackageGpolicy.GThe GBusinessGIncomeG(andGExtraGExpense)GCoverageGFormG(BIC)GhasGaG$900,000Gli mitGofGinsuranceGandGanG 80 GpercentGcoinsuranceGprovision.GCCSGexperiencedG aGfireGlossGwhichGresultedGinGaG$300,000GlossGofGbusinessGincome.GHowGmuchGw illGtheGinsurerGpayGforGthisGBICGlossGifGtheGcoinsuranceGbasisGatGtheGtimeGofGtheGl ossGwasG$1,500,000? SelectGone: A.G$160, B.G$225, C.G$240, D.G$300,000G......answer.....B.G$225, NHGManufacturingGinsuresGitsGbuildingGandGpersonalGpropertyGunderGtheGcom mercialGpropertyGcoverageGpartGofGaGcommercialGpackageGpolicyG(CPP).GDurin gGaGblizzard,GaGportionGofGtheGbuilding'sGroofGcollapsedGfromGtheGweightGofGsno w.GTheGriskGmanagerGpulledGoutGtheGCPPGtoGmakeGsureGthatGtheGbuildingGwasGc overedGforGthisGtypeGofGloss.GWhichGoneGofGtheGfollowingGcomponentsGofGtheGco mmercialGpropertyGcoverageGpartGwouldGprovideGtheGriskGmanagerGwithGinfor mationGonGtheGcoveredGperils? SelectGone:
A.GCommercialGpropertyGdeclarations B.GBuildingGandGpersonalGpropertyGcoverageGform C.GCommercialGpropertyGconditions D.GCausesGofGlossGformG......answer.....D.GCausesGofGlossGform WhichGoneGofGtheGfollowingGbestGdescribesGrealGproperty? SelectGone: A.GPropertyGbeingGshippedGtoGorGfromGothers. B.GBusinessGpersonalGpropertyGthatGincludesGfurniture,GmachineryGandGequipm ent,GandGstock/inventory. C.GTangibleGpropertyGthatGincludesGland,GstructuresGpermanentlyGattachedGtoGt heGland,GandGwhateverGisGgrowingGonGtheGland. D.GVehicles,Gmerchandise,Gfurniture,Gtools,GandGsimilarGitems.G......answer.....C. GTangibleGpropertyGthatGincludesGland,GstructuresGpermanentlyGattachedGtoGth eGland,GandGwhateverGisGgrowingGonGtheGland. ExtraGexpensesGareGexpenses,GinGadditionGtoGordinaryGexpenses,GthatGanGorgani zationGincursGtoGmitigateGtheGeffectsGofGaGbusinessGinterruption.GWhichGoneGofG theGfollowingGisGanGexampleGofGanGextraGexpense? SelectGone: A.GCostGtoGrentGtemporaryGofficeGspace B.GInsuranceGpremiums C.GDebtGrepayments
