Page 1 of 219
AINS 102 EXAM ALL CHAPTERS EXAM ALL 500
QUESTIONS AND CORRECT ANSWERS LATEST
UPDATE JUST RELEASED THIS YEAR
Question: Which one of the following types of personal inland marine forms is designed for
frequent travelers?
Select one:
A. Personal Articles Standard Loss Settlement Form
B. Personal Effects Form
C. Tenant Homeowners Form
D. Personal Property Form - ANSWER✔✔B. Personal Effects Form
Question: Which one of the following can be covered for physical damage and liability
coverage by a Personal Auto Policy (PAP)?
Select one:
A. Jet ski
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B. Boat under 26 feet
C. Boat trailer
D. Boat being transported by personal auto - ANSWER✔✔C. Boat trailer
Question: Which one of the following is a warranty that is likely to be required by an insurer
that underwrites a boatowners or yacht policy?
Select one:
A. Uninsured boaters
B. Contractual liability
C. Seaworthiness
D. Transportation - ANSWER✔✔C. Seaworthiness
Question: Manuel has been sued and is awaiting a court judgment. In terms of legal defense
costs, which one of the following would most likely be covered under a personal umbrella
policy?
Select one:
A. Workers compensation
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B. Damage to property an insured owns
C. Interest on unpaid judgments
D. Intentional injury - ANSWER✔✔C. Interest on unpaid judgments
Question: Personal umbrella policies usually cover the insured's liability for personal injury.
Under the Personal Umbrella Liability Policy, which one of the following is included under the
definition of personal injury?
Select one:
A. Assault and battery intentionally committed
B. Professional liability
C. Abandonment
D. False arrest - ANSWER✔✔D. False arrest
Question: Jack and Bobbie own several properties. Which one of the following would be their
only property that could be insured by an HO-3 policy?
Select one:
A. They own another four-family dwelling and rent out all four units.
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B. They have purchased a beach house that is currently under construction.
C. They own a mobile home that is permanently situated in a thriving community.
D. They live in one unit of a four-family dwelling and rent out the others. - ANSWER✔✔D. They
live in one unit of a four-family dwelling and rent out the others.
Question: Sota owns and lives in a house insured under an unendorsed Dwelling Property 3—
Special Form (DP-3) with a Coverage A—Dwelling limit of $200,000. Burglars caused $2,500 in
damage to Sota's front door while breaking in, and stole $12,000 worth of personal property.
Sota made a claim for $14,500. How much of this loss, if any, will be covered by Sota's DP-3
policy?
Select one:
A. Nothing
B. $2,500, less any applicable deductible
C. $12,000, less any applicable deductible
D. $14,500, less any applicable deductible - ANSWER✔✔B. $2,500, less any applicable
deductible
AINS 102 EXAM ALL CHAPTERS EXAM ALL 500
QUESTIONS AND CORRECT ANSWERS LATEST
UPDATE JUST RELEASED THIS YEAR
Question: Which one of the following types of personal inland marine forms is designed for
frequent travelers?
Select one:
A. Personal Articles Standard Loss Settlement Form
B. Personal Effects Form
C. Tenant Homeowners Form
D. Personal Property Form - ANSWER✔✔B. Personal Effects Form
Question: Which one of the following can be covered for physical damage and liability
coverage by a Personal Auto Policy (PAP)?
Select one:
A. Jet ski
, Page 2 of 219
B. Boat under 26 feet
C. Boat trailer
D. Boat being transported by personal auto - ANSWER✔✔C. Boat trailer
Question: Which one of the following is a warranty that is likely to be required by an insurer
that underwrites a boatowners or yacht policy?
Select one:
A. Uninsured boaters
B. Contractual liability
C. Seaworthiness
D. Transportation - ANSWER✔✔C. Seaworthiness
Question: Manuel has been sued and is awaiting a court judgment. In terms of legal defense
costs, which one of the following would most likely be covered under a personal umbrella
policy?
Select one:
A. Workers compensation
, Page 3 of 219
B. Damage to property an insured owns
C. Interest on unpaid judgments
D. Intentional injury - ANSWER✔✔C. Interest on unpaid judgments
Question: Personal umbrella policies usually cover the insured's liability for personal injury.
Under the Personal Umbrella Liability Policy, which one of the following is included under the
definition of personal injury?
Select one:
A. Assault and battery intentionally committed
B. Professional liability
C. Abandonment
D. False arrest - ANSWER✔✔D. False arrest
Question: Jack and Bobbie own several properties. Which one of the following would be their
only property that could be insured by an HO-3 policy?
Select one:
A. They own another four-family dwelling and rent out all four units.
, Page 4 of 219
B. They have purchased a beach house that is currently under construction.
C. They own a mobile home that is permanently situated in a thriving community.
D. They live in one unit of a four-family dwelling and rent out the others. - ANSWER✔✔D. They
live in one unit of a four-family dwelling and rent out the others.
Question: Sota owns and lives in a house insured under an unendorsed Dwelling Property 3—
Special Form (DP-3) with a Coverage A—Dwelling limit of $200,000. Burglars caused $2,500 in
damage to Sota's front door while breaking in, and stole $12,000 worth of personal property.
Sota made a claim for $14,500. How much of this loss, if any, will be covered by Sota's DP-3
policy?
Select one:
A. Nothing
B. $2,500, less any applicable deductible
C. $12,000, less any applicable deductible
D. $14,500, less any applicable deductible - ANSWER✔✔B. $2,500, less any applicable
deductible
