Ains103 Practice Questions, Ains 103 Exam Questions (513 Terms) With Verified Definitions Updated 2024

Annual transit policy {Ans: Policy that covers all shipments made or received by the insured throughout a one-year policy period.}Continuing expenses {Ans: Expenses that continue to be incurred during a business interruption.}A customer shopping at Clark's Food Market dropped a bottle of wine at the checkout counter. The bottle broke and cut the customer's leg. The customer required some minor medical attention and a few stitches. Which one of the following coverages under Clark's Commercial General Liability (CGL) coverage form would pay for the customer's expenses? Select one: A. Personal and advertising injury liability coverage B. Liquor liability coverage C. Premises and operations liability coverage D. Medical payments coverage {Ans: D. Medical payments coverage}Which one of the following best describes real property? {Ans: Tangible property that include land, structures permanently attached to the land, and whatever is growing on the land.}The medical expense coverage under Business Section II-Liability Coverage of the ISO businessowners policy (BOP) would cover small and reasonable medical claims for which one of the following? Select one: A. Injured customers requiring hospitalization. B. The insured's spouse C. Employees of the insured organization D. Volunteer workers at the insured organization {Ans: D. Volunteer