P&C EXAM – BOP questions with
verified answers already passed
BOP - Eligible Risks are limited to: - correct answer ✔✔- 35,000 square feet of space
and
- gross annual sales not exceeding $6,000,000
BOP - ineligibility reasons for businesses: - correct answer ✔✔- value of the company is
inherently too great such as BANKS, GENERAL CONTRACTORS, or AUTO DEALERSHIPS
- conditions are too variable such as caterers or businesses that only open on a SEASONAL basis
- risks of injury or other losses is too high, as in MANUFACTURING
- risks in covering large, publicly accessible spaces are too many
BOP - ISO recommends office buildings that do not exceed ______ square feet - correct answer
✔✔- 100,000 sq feet
BOP - ISO recommends contractors with a SINGLE specialty, such as carpentry or plumbing, so
long as: - correct answer ✔✔- annual payroll does not exceed $300,000
- contractors do not work at a height above 3 stories
- total cost of subcontracted work may not exceed 10% of total annual gross sales
- may not lease or rent their equipment to others
- transactions unrelated to installation, repair, or service cannot exceed 25% of gross annual
sales
BOP - ISO accepts wholesale risks so long as: - correct answer ✔✔- no more than 25% of annual
gross sales from retail operations
, - no more than 25% of their total floor area open to public
BOP - ISO restricts RESTAURANTS to: - correct answer ✔✔- 7,500 square feet MAX
- NO license to serve alcohol
- 75 seats MAX
- food prepared cold or cooked with appliances that do not required exhaust system
- 150 people sitting max for casual dining, fast food, fine dining
BOP - ISO requirements for convenience food stores / gas stations / grocery stores /
supermarkets: - correct answer ✔✔- no auto service/repair
- no car wash
- no propane/kerosene tank filling allowed
- gas stations must have MINIMUM 3,000 + square feet
BOP - ISO Motel requirements: - correct answer ✔✔- no eligible restaurant
- less than 3 stories
- no bars / cocktail lounges
- can't be seasonally closed for more than 30 consecutive days
BOP - ISO states self storage facilities covered must: - correct answer ✔✔- not exceed 2 stories
in height (except those permitting cold storage or storage of industrial materials, pollutants,
chemicals, or waste
BOP - Specific, non-eligible risks: - correct answer ✔✔- auto sales and servicing business
- bars
- most manufacturing concerns
- entertainment establishments (small theaters, game arcades)
verified answers already passed
BOP - Eligible Risks are limited to: - correct answer ✔✔- 35,000 square feet of space
and
- gross annual sales not exceeding $6,000,000
BOP - ineligibility reasons for businesses: - correct answer ✔✔- value of the company is
inherently too great such as BANKS, GENERAL CONTRACTORS, or AUTO DEALERSHIPS
- conditions are too variable such as caterers or businesses that only open on a SEASONAL basis
- risks of injury or other losses is too high, as in MANUFACTURING
- risks in covering large, publicly accessible spaces are too many
BOP - ISO recommends office buildings that do not exceed ______ square feet - correct answer
✔✔- 100,000 sq feet
BOP - ISO recommends contractors with a SINGLE specialty, such as carpentry or plumbing, so
long as: - correct answer ✔✔- annual payroll does not exceed $300,000
- contractors do not work at a height above 3 stories
- total cost of subcontracted work may not exceed 10% of total annual gross sales
- may not lease or rent their equipment to others
- transactions unrelated to installation, repair, or service cannot exceed 25% of gross annual
sales
BOP - ISO accepts wholesale risks so long as: - correct answer ✔✔- no more than 25% of annual
gross sales from retail operations
, - no more than 25% of their total floor area open to public
BOP - ISO restricts RESTAURANTS to: - correct answer ✔✔- 7,500 square feet MAX
- NO license to serve alcohol
- 75 seats MAX
- food prepared cold or cooked with appliances that do not required exhaust system
- 150 people sitting max for casual dining, fast food, fine dining
BOP - ISO requirements for convenience food stores / gas stations / grocery stores /
supermarkets: - correct answer ✔✔- no auto service/repair
- no car wash
- no propane/kerosene tank filling allowed
- gas stations must have MINIMUM 3,000 + square feet
BOP - ISO Motel requirements: - correct answer ✔✔- no eligible restaurant
- less than 3 stories
- no bars / cocktail lounges
- can't be seasonally closed for more than 30 consecutive days
BOP - ISO states self storage facilities covered must: - correct answer ✔✔- not exceed 2 stories
in height (except those permitting cold storage or storage of industrial materials, pollutants,
chemicals, or waste
BOP - Specific, non-eligible risks: - correct answer ✔✔- auto sales and servicing business
- bars
- most manufacturing concerns
- entertainment establishments (small theaters, game arcades)
