AINS 103 Exam Review Questions With Correct Answers 2025
Edition. Graded A+++
Terms in this set (75)
In property insurance, the term C. Property while being transported by trucks, cars, buses, trains, airplanes, and
"property in transit" refers to ships
which one of the
following?
Extra expenses are expenses, in B. Cost to rent temporary office space
addition to ordinary expenses,
that an organization
incurs to mitigate the effects of a
business interruption. Which one
of the following is an example
of an extra expense?
Radley Contracting Company is B. Premises and operations liability
installing new signage on the
front of a building.
George, a passerby walking near the
building is injured when a Radley
employee accidentally drops a
tool from a crane.
George likely has the ability to
assert which one the following
types of claim?
Which one of the following entities A. Paul the plumber
would likely have the greatest
completed
operations loss exposure?
A carrier that is prevented by an B. The compensation the carrier receives for transporting cargo.
accident from delivering the cargo
aboard its ship
may face an exposure called loss of
freight, which is
To be covered under a workers A. Arise out of employees' job-related injuries and diseases
,compensation statute, an injury or
disease (in most states) must meet
which one of the following
requirements?
, The unauthorized intrusion into a D. Intangible property
company's computer network
resulting in damage to intellectual
property is best
classified as which one of the
following types of cyber
liability exposures?
An email was sent to a D. Damage to intangible property.
company's employees
containing a harmful
attachment. Several employees
opened the attachment which
allowed hackers to
obtain customer contact
information. This cyber risk loss
is
NH Manufacturing insures its A. Causes of loss form
building and personal property
under the commercial property
coverage part of a commercial
package policy (CPP). During a
blizzard, a portion of the
building's roof collapsed
from the weight of snow. The risk
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 risk manager with
information on the covered perils?
Which one of the following is one Vandalism
of the covered causes of loss in the
commercial property policy
Causes of Loss—Basic form?
Billy owns a baseball souvenir $275K
Edition. Graded A+++
Terms in this set (75)
In property insurance, the term C. Property while being transported by trucks, cars, buses, trains, airplanes, and
"property in transit" refers to ships
which one of the
following?
Extra expenses are expenses, in B. Cost to rent temporary office space
addition to ordinary expenses,
that an organization
incurs to mitigate the effects of a
business interruption. Which one
of the following is an example
of an extra expense?
Radley Contracting Company is B. Premises and operations liability
installing new signage on the
front of a building.
George, a passerby walking near the
building is injured when a Radley
employee accidentally drops a
tool from a crane.
George likely has the ability to
assert which one the following
types of claim?
Which one of the following entities A. Paul the plumber
would likely have the greatest
completed
operations loss exposure?
A carrier that is prevented by an B. The compensation the carrier receives for transporting cargo.
accident from delivering the cargo
aboard its ship
may face an exposure called loss of
freight, which is
To be covered under a workers A. Arise out of employees' job-related injuries and diseases
,compensation statute, an injury or
disease (in most states) must meet
which one of the following
requirements?
, The unauthorized intrusion into a D. Intangible property
company's computer network
resulting in damage to intellectual
property is best
classified as which one of the
following types of cyber
liability exposures?
An email was sent to a D. Damage to intangible property.
company's employees
containing a harmful
attachment. Several employees
opened the attachment which
allowed hackers to
obtain customer contact
information. This cyber risk loss
is
NH Manufacturing insures its A. Causes of loss form
building and personal property
under the commercial property
coverage part of a commercial
package policy (CPP). During a
blizzard, a portion of the
building's roof collapsed
from the weight of snow. The risk
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 risk manager with
information on the covered perils?
Which one of the following is one Vandalism
of the covered causes of loss in the
commercial property policy
Causes of Loss—Basic form?
Billy owns a baseball souvenir $275K
