1. A/An excludes perils that are covered by the basic coverages and are often purchased by a business to fill coverage gaps, like flood and earthquakes.

A. builders risk coverage from

B. Difference in conditions insurance

C. Building and personal property coverage form

D. protection and indemnity insurance

2. When optional replacement cost coverage provision isn't chosen, how are losses settled under the building and personal property (BPP) coverage form?

A. Book value

B. Market value

C. Original purchase price

D. Actual cash value

3. What type of consequential loss protection would protect a company against financial consequences if any of its major customers were to close and unable to purchase the company's products?

A. Marine insurance

B. Extra expense

C. Leasehold interest

D. Business income from dependent properties

4. How is business income (revenue) defined under the business income and extra expense cover form?

A. After-tax net income

B. Total sales

C. Pre-tax net profit

D. Total sales less cost of goods sold

is the insuring agreement that would cover a bank robbery at the local bank.

A. Insuring Agreement D-Forgery or Alteration

B. Insuring Agreement B-On Premises

C. Insuring Agreement AFidelity

D. Insuring Agreement C-ln Transit