AIC EXAM AND PRACTICE EXAM

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AIC EXAM AND PRACTICE EXAM 2025 /2026 –

COMPLETE QUESTION BANK WITH VERIFIED

ANSWERS | AMERICAN INSTITUTE OF

CONSTRUCTORS | CERTIFIED PROFESSIONAL

CONSTRUCTOR (CPC) | FULL EXAM COVERAGE /

LATEST EXAM!!!

1) Your insured, a sole proprietor, purchased a building valued at $1 million. The insurance policy has a coinsurance clause based on the replacement cost value of 90%. Contrary to your advice, your insured insures the building for only $500,000. He suffers a windstorm loss totalling $150,000. How much will the insurer pay?

• $75,000

b)$83,333 c)$150,000

• $93,755 - Answer-b

2) An insured property is covered by two separate commercial policies placed with two different insurers.Insurer A's policy has a limit of $100,000 and Insurer B's policy has a limit of $200,000. The insured suffers an 1 / 4

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insurable loss of $230,000. Assuming no deductibles apply, how much will each insurer pay?

a) Insurer A will pay $100,000. Insurer B will pay $130,000

b)Insurer A will pay $100,000. Insurer B will pay $200,000

c) Insurer A will pay $76,659. Insurer B will pay $153,341

d) Neither insurer will pay. Two policies on the same

property are prohibited - Answer-c

3) On a Commercial Building, Equipment, and Stock Form, that insures the building owner, which of the following would not be included under the "building" definition?

a) Growing plants and trees inside the building used for

decorative purposes b)Building maintenance supplies

c) Fixed structures pertaining to the building

d) Temporary fixtures and fittings - Answer-d

4) Under a Commercial Building, Equipment, and Stock insurance policy, the definition of "stock" includes 2 / 4

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• merchandise of every description usual to the insured's

business, including packing and wrapping materials b)advertising material usual to the insured's business

• all stock including similar property belonging to others

for which the insured is obligated to insure

• all of the above - Answer-d

5) The Commercial Building, Equipment, and Stock insurance policy identifies three types of equipment for which coverage is provided. Which of the following is NOT one of these three types?

a) Tenants' improvements and betterments if the insured

does not own the building b)Packing materials used to ship stock

c) Property belonging to others for which the insured is

legally liable

d) The contents usual to the business the insured is

engaged in, other than stock - Answer-b

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stock6) The basic principle of business interruption insurance is

• to arrange alternate employment for employees while

the building is being repaired following an insured loss b)to restore the premises to the condition they were in before the loss

• to cover the cost of relocating the business
• to restore the income that would have been earned had

the business not been interrupted - Answer-d

7) On a commercial crime insurance policy, employee dishonesty insurance

• is provided on a discovery basis

b)is also known as fidelity insurance

• protects insured against dishonest acts committed by

employees, alone or in collusion with others

• all of the above - Answer-d
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