AINS 103: Simulated Exam
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While performing duties All executive officers of an LLC.
for the business, all of the
following would be an
insured under Business
Liability Coverage of a
partnership's
businessowners policy
(BOP), EXCEPT:
Which one of the Costs to move office equipment to a substitute
following would be location.
covered under the Extra
Expense insuring
agreement of the Business
Income (and Extra
Expense) Coverage Form?
An intangible asset Reputation.
resulting from a collection
of perceptions and
opinions, past and
present, about an
organization that resides
in the consciousness of its
stakeholders is known as
an organization's:
,Ivan is a commercial Amusement parks are generally not eligible for BOP
insurance producer coverage. Retail stores, small restaurants with limited
looking to expand his cooking, and trade contractors are generally eligible
book of business. He is for BOP coverage.
researching local
businesses trying to
determine which
businesses might be
eligible for the
businessowners policy
(BOP) and which would
not be eligible. Which one
of the following
businesses would be
ineligible for BOP
coverage?
Marlene is a producer for Sugartown Farms has a restaurant with a bar for local
East Goshen Mutual. She patrons.
recently met with the
owners of Sugartown
Farms to try and
determine if they are
eligible for the ISO
businessowners policy
(BOP). Which one of the
following facts about
Sugartown Farms would
prevent it from being
eligible for the BOP?
, Sugartown Industries The causes of loss form. The three types of cause of
insures its building and loss forms - Basic, Broad, and Special - allow the
personal property under insured to select, or the underwriter to offer, a range
the commercial property of covered perils.
coverage part of a
commercial package
policy (CPP). Following a
lightning storm, a portion
of the building was
damaged from a small fire.
The operations manager
pulled out the CPP to
make sure that the
building was covered for
this type of loss. Which
one of the following
components of the
commercial property
coverage part would
provide the operations
manager with information
on the covered perils?
Under the Commercial Sara is a volunteer helping the named insured clean
General Liability (CGL) up their grounds.
Coverage Form, medical
payments coverage
applies to which one of
the following situations?
Which one of the Falling objects.
following causes of loss is
covered by the
commercial property
policy Causes of Loss—
Broad Form but not the
Basic Form?
Save
While performing duties All executive officers of an LLC.
for the business, all of the
following would be an
insured under Business
Liability Coverage of a
partnership's
businessowners policy
(BOP), EXCEPT:
Which one of the Costs to move office equipment to a substitute
following would be location.
covered under the Extra
Expense insuring
agreement of the Business
Income (and Extra
Expense) Coverage Form?
An intangible asset Reputation.
resulting from a collection
of perceptions and
opinions, past and
present, about an
organization that resides
in the consciousness of its
stakeholders is known as
an organization's:
,Ivan is a commercial Amusement parks are generally not eligible for BOP
insurance producer coverage. Retail stores, small restaurants with limited
looking to expand his cooking, and trade contractors are generally eligible
book of business. He is for BOP coverage.
researching local
businesses trying to
determine which
businesses might be
eligible for the
businessowners policy
(BOP) and which would
not be eligible. Which one
of the following
businesses would be
ineligible for BOP
coverage?
Marlene is a producer for Sugartown Farms has a restaurant with a bar for local
East Goshen Mutual. She patrons.
recently met with the
owners of Sugartown
Farms to try and
determine if they are
eligible for the ISO
businessowners policy
(BOP). Which one of the
following facts about
Sugartown Farms would
prevent it from being
eligible for the BOP?
, Sugartown Industries The causes of loss form. The three types of cause of
insures its building and loss forms - Basic, Broad, and Special - allow the
personal property under insured to select, or the underwriter to offer, a range
the commercial property of covered perils.
coverage part of a
commercial package
policy (CPP). Following a
lightning storm, a portion
of the building was
damaged from a small fire.
The operations manager
pulled out the CPP to
make sure that the
building was covered for
this type of loss. Which
one of the following
components of the
commercial property
coverage part would
provide the operations
manager with information
on the covered perils?
Under the Commercial Sara is a volunteer helping the named insured clean
General Liability (CGL) up their grounds.
Coverage Form, medical
payments coverage
applies to which one of
the following situations?
Which one of the Falling objects.
following causes of loss is
covered by the
commercial property
policy Causes of Loss—
Broad Form but not the
Basic Form?
