AIC 304 STUDY CERTIFICATION EVALUATION
TEST 2026 FULL QUESTIONS AND CORRECT
ANSWERS ALREADY PASSED GRADED A+
◉ Adam is adjusting a claim for fire damage to insured property and
has gathered the following facts: multiple fires were involved; the
building typically contained flammable materials; the insured's full
warehouse of inventory was damaged; and the fire protection
system sounded normally. Which one of Adam's findings could lead
him to believe the fire was incendiary. Answer: A. Flammable
materials
B. Fire protection system
C. Damaged inventory
D. Multiple fires
D
◉ Alterations or additions made to the building at the expense of an
insured who does not own the building and who cannot legally
remove them are referred to as. Answer: A. Improvements and
betterments.
B. Leaseholder enhancements.
C. Personal property of others.
,D. Building fixtures and fittings.
A
◉ Francesca is handling a claim for theft of property. She has asked
the insured to provide documentation of the theft of his television.
The insured provided copies of the warranty, the instruction manual,
a photo of the television in his house, and the original receipt. Which
one of the following pieces of documentation provided by the
policyholder does Francesca considers to be the best?. Answer: A.
Photograph
B. Instruction manual
C. Warranty
D. Original receipt
D
◉ The Loss Determination condition in the ISO Business Income
(and Extra Expense) Coverage Form and the ISO Extra Expense
Coverage Form states that the amount of extra expense consists of
all expenses in excess of normal operating expenses. From this total,
the insurer deducts. Answer: A. The salvage value of temporary
property.
B. Property taxes for a temporary location.
C. Payroll costs for temporary labor.
, D. Utility costs for a temporary location.
A
◉ Samuel has property coverage for his beach house that includes
the standard water exclusion. During a major storm, the property
was damaged by waves that crested a dune; flooding from torrential
rain; a fire, which required firefighters to spray water to extinguish;
and a mudslide from a nearby hill that washed away. Which one of
the following sources of water damage would Samuel determine is
covered by the policy?. Answer: A. Water from fire hose
B. Mudslide from hill
C. Flooding from rain
D. Waves from ocean
A
◉ In determining ACV, the broad evidence rule explicitly requires
claims reps handling property losses to. Answer: A. Consider market
value only.
B. Consider all relevant factors.
C. Consider the full indemnity of the insured.
D. Consider depreciation only.
TEST 2026 FULL QUESTIONS AND CORRECT
ANSWERS ALREADY PASSED GRADED A+
◉ Adam is adjusting a claim for fire damage to insured property and
has gathered the following facts: multiple fires were involved; the
building typically contained flammable materials; the insured's full
warehouse of inventory was damaged; and the fire protection
system sounded normally. Which one of Adam's findings could lead
him to believe the fire was incendiary. Answer: A. Flammable
materials
B. Fire protection system
C. Damaged inventory
D. Multiple fires
D
◉ Alterations or additions made to the building at the expense of an
insured who does not own the building and who cannot legally
remove them are referred to as. Answer: A. Improvements and
betterments.
B. Leaseholder enhancements.
C. Personal property of others.
,D. Building fixtures and fittings.
A
◉ Francesca is handling a claim for theft of property. She has asked
the insured to provide documentation of the theft of his television.
The insured provided copies of the warranty, the instruction manual,
a photo of the television in his house, and the original receipt. Which
one of the following pieces of documentation provided by the
policyholder does Francesca considers to be the best?. Answer: A.
Photograph
B. Instruction manual
C. Warranty
D. Original receipt
D
◉ The Loss Determination condition in the ISO Business Income
(and Extra Expense) Coverage Form and the ISO Extra Expense
Coverage Form states that the amount of extra expense consists of
all expenses in excess of normal operating expenses. From this total,
the insurer deducts. Answer: A. The salvage value of temporary
property.
B. Property taxes for a temporary location.
C. Payroll costs for temporary labor.
, D. Utility costs for a temporary location.
A
◉ Samuel has property coverage for his beach house that includes
the standard water exclusion. During a major storm, the property
was damaged by waves that crested a dune; flooding from torrential
rain; a fire, which required firefighters to spray water to extinguish;
and a mudslide from a nearby hill that washed away. Which one of
the following sources of water damage would Samuel determine is
covered by the policy?. Answer: A. Water from fire hose
B. Mudslide from hill
C. Flooding from rain
D. Waves from ocean
A
◉ In determining ACV, the broad evidence rule explicitly requires
claims reps handling property losses to. Answer: A. Consider market
value only.
B. Consider all relevant factors.
C. Consider the full indemnity of the insured.
D. Consider depreciation only.
