質問 1：
A broker recommends that their commercial client repair the sprinkler system in their factory. Which risk management technique does the broker's suggestion fall under?
A. Diversification
B. Risk transfer
C. Avoidance
D. Risk reduction
正解：D
解説: (Pass4Test メンバーにのみ表示されます)
質問 2：
A broker binds a property policy for a future date, and follows up for documentation. While reviewing documents the client sent, it is discovered that the property is actually used as a rooming house, and not a family home. Why does underwriting instruct that the policy be cancelled?
A. The policy cannot be bound without proof of how the home is used.
B. The insurer already has too many rooming houses in their book of business.
C. The use of the home is a material fact that the client should have disclosed.
D. The broker did not complete an in-person home inspection.
正解：C
解説: (Pass4Test メンバーにのみ表示されます)
質問 3：
Peter, a broker, has been approached by a new client, Western Grocers Inc., an import-export company that distributes wholesale meats and seafood. The company has a main operating warehouse where a wide variety of products are stored. The company's president is concerned that the property insurance premiums are too high. She wants to remove the equipment breakdown coverage from the policy to save money. Discuss the information Peter would provide to the president regarding the need for an equipment breakdown insurance policy.
正解：
see the Explanation for Detailed Solution.
Explanation:
Peter should advise the president that removing equipment breakdown insurance would be a poor risk decision for a business storing meats and seafood. Western Grocers depends on refrigeration, electrical systems, compressors, motors, control panels, pressure equipment, and possibly boilers or other mechanical systems. If any of this equipment suddenly breaks down, the loss may not be covered by an ordinary commercial property policy because standard property insurance responds to insured perils such as fire or theft, not necessarily mechanical or electrical breakdown.
The largest exposure is not only repair of the damaged equipment. The more serious loss could be spoilage of refrigerated or frozen meat and seafood, interruption of warehouse operations, extra expense to move stock, emergency repairs, loss of income, customer contract problems, and reputational damage. For an import- export food distributor, even a short refrigeration failure can create a major financial loss.
Peter should explain that EBI supports business continuity by covering sudden and accidental breakdown of insured equipment and related losses, depending on policy wording. Instead of deleting coverage, Peter should recommend reviewing limits, deductibles, maintenance procedures, inspection records, and risk- control improvements to manage premium. Course topic reference: Property Coverages; Equipment Breakdown Insurance; Business Interruption; Perishable Stock; Risk Management .
質問 4：
What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?
A. Garage liability
B. Commercial general liability (CGL)
C. Architect's liability
D. Directors and officers liability (D & O)
正解：B
解説: (Pass4Test メンバーにのみ表示されます)
質問 5：
How is the premium for a garage policy computed on a monthly average basis?
A. Provides an adjustment at year end after charging a 100 percent advance premium
B. Allows the insured to file quarterly reports detailing the actual monthly exposure
C. Requires that the insurer refund the insured if the total adjusted premium is greater than the advance premium
D. Permits the charging of an advance premium that is 75 percent of the annual premium
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 6：
Sufi is a handywoman who regularly takes samples of her finished work to trade shows. Which coverage would Sufi's broker recommend for her samples?
A. Exhibition floater
B. Tool floater
C. Event liability coverage
D. Personal property coverage
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
A broker recommends that their commercial client repair the sprinkler system in their factory. Which risk management technique does the broker's suggestion fall under?
A. Diversification
B. Risk transfer
C. Avoidance
D. Risk reduction
正解：D
解説: (Pass4Test メンバーにのみ表示されます)
質問 2：
A broker binds a property policy for a future date, and follows up for documentation. While reviewing documents the client sent, it is discovered that the property is actually used as a rooming house, and not a family home. Why does underwriting instruct that the policy be cancelled?
A. The policy cannot be bound without proof of how the home is used.
B. The insurer already has too many rooming houses in their book of business.
C. The use of the home is a material fact that the client should have disclosed.
D. The broker did not complete an in-person home inspection.
正解：C
解説: (Pass4Test メンバーにのみ表示されます)
質問 3：
Peter, a broker, has been approached by a new client, Western Grocers Inc., an import-export company that distributes wholesale meats and seafood. The company has a main operating warehouse where a wide variety of products are stored. The company's president is concerned that the property insurance premiums are too high. She wants to remove the equipment breakdown coverage from the policy to save money. Discuss the information Peter would provide to the president regarding the need for an equipment breakdown insurance policy.
正解：
see the Explanation for Detailed Solution.
Explanation:
Peter should advise the president that removing equipment breakdown insurance would be a poor risk decision for a business storing meats and seafood. Western Grocers depends on refrigeration, electrical systems, compressors, motors, control panels, pressure equipment, and possibly boilers or other mechanical systems. If any of this equipment suddenly breaks down, the loss may not be covered by an ordinary commercial property policy because standard property insurance responds to insured perils such as fire or theft, not necessarily mechanical or electrical breakdown.
The largest exposure is not only repair of the damaged equipment. The more serious loss could be spoilage of refrigerated or frozen meat and seafood, interruption of warehouse operations, extra expense to move stock, emergency repairs, loss of income, customer contract problems, and reputational damage. For an import- export food distributor, even a short refrigeration failure can create a major financial loss.
Peter should explain that EBI supports business continuity by covering sudden and accidental breakdown of insured equipment and related losses, depending on policy wording. Instead of deleting coverage, Peter should recommend reviewing limits, deductibles, maintenance procedures, inspection records, and risk- control improvements to manage premium. Course topic reference: Property Coverages; Equipment Breakdown Insurance; Business Interruption; Perishable Stock; Risk Management .
質問 4：
What type of liability policy would cover a product liability exposure arising from an error in the manufacturing design of a product?
A. Garage liability
B. Commercial general liability (CGL)
C. Architect's liability
D. Directors and officers liability (D & O)
正解：B
解説: (Pass4Test メンバーにのみ表示されます)
質問 5：
How is the premium for a garage policy computed on a monthly average basis?
A. Provides an adjustment at year end after charging a 100 percent advance premium
B. Allows the insured to file quarterly reports detailing the actual monthly exposure
C. Requires that the insurer refund the insured if the total adjusted premium is greater than the advance premium
D. Permits the charging of an advance premium that is 75 percent of the annual premium
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 6：
Sufi is a handywoman who regularly takes samples of her finished work to trade shows. Which coverage would Sufi's broker recommend for her samples?
A. Exhibition floater
B. Tool floater
C. Event liability coverage
D. Personal property coverage
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
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