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AINS 103 (Associate In General Insurance) Exam (3 newest versions) Focuses On The Business Of Insurance And Includes Accurate And Verified Questions Covering Insurance Operations, Risk Management, Underwriting, Claims, Marketing, Regulation, And Reinsurance.
Version 1 Joe's Cleaning Service is having a very good year, with close to a 30 percent increase in sales. Joe is wondering if this growth will affect his general liability premium at the end of the policy period. Which one of the following sections of the general liability coverage form will provide this information?
- Endorsements
- Declarations Form
- Extended Reporting Period
- Limits of Insurance - ANSWER-B. Declarations Form
The CGL declarations form will include rating and premium auditing information.
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A customer filed a suit against Patsy's Market, claiming that she was injured when she slipped and fell in the produce section.The customer claimed that she broke her elbow, had to have surgery, and missed a week of work. The owner of Patsy's Market told its commercial general liability (CGL) insurer that the produce area was always clean and that the claim was suspicious. After reviewing the medical bills and video footage from the market, the insurer concluded that Patsy's Market was probably liable for the customer's injury. The CGL insurer will most likely attempt to do which one of the following?
- Refuse to defend Patsy's Market based on an exclusion
- Deny the claim based on the owner's suspicion
- Defend Patsy's Market in court
- Negotiate an out of court settlement - ANSWER-D.
Negotiate an out of court settlement
Which one of these offenses would not be considered a personal and advertising injury under Coverage B of the Commercial General Liability Coverage Form?
- Wrongful eviction from a dwelling or premises that a person
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- Refusing to hire a qualified job applicant because of his
- Malicious prosecution
- An organization's unauthorized use of another's advertising
ethnicity
idea in an advertisement - ANSWER-B. Refusing to hire a qualified job applicant because of his ethnicity
CGL Coverage B covers injury from:
false arrest wrongful eviction libel slander infringement upon another's copyright
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 3 / 4
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General Liability Coverage Form (CGL) with a policy period of January 2012 - January 2013?
- Knowing violation of rights of another
- Material published with knowledge of falsity
- Material published prior to the policy period
- Unauthorized use of another's name or product - ANSWER-
- Material published prior to the policy period
Other exclusions to CGL Coverage B include:
knowingly violating the rights of another person knowingly publishing false material breaching a contract any injury arising out of electronic chatrooms/bulletin boards
The Coverage B—Personal 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
- Physical injury arising from the insured's business.
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