{"id":130418,"date":"2023-12-14T05:59:15","date_gmt":"2023-12-14T05:59:15","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=130418"},"modified":"2023-12-14T05:59:18","modified_gmt":"2023-12-14T05:59:18","slug":"ains-103-latest-2023-2024-update-exploring-commercial-insurance-exam-review-questions-and-verified-answers-100-correct-grade-a","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/12\/14\/ains-103-latest-2023-2024-update-exploring-commercial-insurance-exam-review-questions-and-verified-answers-100-correct-grade-a\/","title":{"rendered":"AINS 103 (Latest 2023\/ 2024 Update) Exploring Commercial Insurance Exam Review Questions and Verified Answers| 100% Correct| Grade A"},"content":{"rendered":"\n

AINS 103 (Latest 2023\/ 2024 Update) Exploring Commercial Insurance Exam Review Questions and Verified Answers| 100% Correct| Grade A<\/p>\n\n\n\n

AINS 103 (Latest 2023\/ 2024 Update)
Exploring Commercial Insurance Exam
Review Questions and Verified Answers|
100% Correct| Grade A
Q: Which one of the following is one of the covered causes of loss in the commercial property
policy Causes of Loss\u2014Basic form?
Answer:
Vandalism
Q: Billy owns a baseball souvenir store in Cooperstown, NY. He insured his store under a
Building and Personal Property Coverage Form (BPP) with a $275,000 limit and a $1,500
deductible. A large fire in the store caused significant damage amounting to $310,000 in covered
damages. How much would Billy’s insurer pay under his BPP?
Answer:
$275K
Q: Which one of the following statements about Inflation Guard optional coverage of the
Building and Personal Property Coverage Form (BPP) is true?
Answer:
C. It is automatically increases the limit of insurance by the percentage of annual increase shown
in the declarations.
Q: Which one of the following would be covered under the Extra Expense insuring agreement
of the Business Income (and Extra Expense) Coverage Form?
Answer:<\/p>\n\n\n\n

D. Costs to move to a temporary location
Q: Which one of the following would be considered an extra expense under the Business
Income (and Extra Expense) Coverage Form of the commercial package policy?
Answer:
C. The increased cost of rent at a temporary location
Q: When Sylvester Properties suffered a $500,000 loss of business income, it filed a claim
under the Business Income (and Extra Expense) Coverage Form (BIC) of its commercial
package policy. In order for the loss to be covered, the loss of business income must be due to a
necessary suspension in operations caused by a direct physical loss or damage to property at the
premises for which BIC is shown in the policy declarations. Which one of the following is also
part of the criteria for the loss to be covered?
Answer:
C. The loss or damage must be caused by a covered cause of loss.
Q: Karma Tea Shop (KTS) has three locations in Boston. The business is insured by a
commercial package policy with the Business Income (and Extra Expense) Coverage Form
(BIC). The BIC has a $300,000 limit of insurance which applies to all three locations and a 70
percent coinsurance provision. The business income insurance for KTS is written on a
Answer:
B. Blanket basis.
Q: Michael is a general liability claims adjuster for Goshen Mutual. He wants to see if an
insured has any endorsements that apply to its general liability policy. Which one of the
following sections of the coverage form would provide this information for Michael?
Answer:
D. Declarations<\/p>\n\n\n\n

Q: Under Coverage A of the commercial general liability coverage form (CGL), property
damage would include all of the following, EXCEPT:
Answer:
A. Infringement of copyright
Q: Chuckie’s chicken distributor researches the benefits of consuming chicken versus
consuming beef. In November 2011, Chuckie’s publishes a brochure outlining the potential
health hazards of consuming beef and explaining why chicken is a healthier alternative. Chuckie
continues to publish and distribute the same brochure for six months. In March 2012, several
beef distributors file a suit against Chuckie’s for personal and advertising injury. Which one of
the following exclusions would apply to this claim under Coverage B of Chuckie’s Commercial
General Liability Coverage Form (CGL) with a policy period of January 2012 – January 2013?
Answer:
C. Material published prior to the policy period
Q: The Commercial General Liability (CGL) Coverage B\u2014Personal and Advertising Injury
Liability provides coverage for which one of the following?
Answer:
B. False arrest
Q: The Coverage B\u2014Personal and Advertising Injury Liability of the Commercial General
Liability (CGL) Coverage Form parallels the Coverage A insuring agreement, but personal and
advertising injury applies to an
Answer:
A. Offense arising out of the named insured’s business.
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\"AINS-103-LATEST-2023-2024-UPDATE-EXPLORING-COMMERCIAL-INSURANCE-EXAM-REVIEW-QUESTIONS-AND-VERIFIED-ANSWERS-100-CORRECT-GRADE-A\"<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

AINS 103 (Latest 2023\/ 2024 Update) Exploring Commercial Insurance Exam Review Questions and Verified Answers| 100% Correct| Grade A AINS 103 (Latest 2023\/ 2024 Update)Exploring Commercial Insurance ExamReview Questions and Verified Answers|100% Correct| Grade AQ: Which one of the following is one of the covered causes of loss in the commercial propertypolicy Causes of Loss\u2014Basic […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-130418","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=130418"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130418\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=130418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=130418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=130418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}