Commercial Package Policy (CPP ) (examfx flashcards) questions & answers 2023/2024
What are the 2 coverages triggers in commercial crime policies? - ANSWER-Discovery Form and Loss sustained form
What is the purpose of a claims-made form? - ANSWER-To pay for bodily injuries or property damag...
What are the 2 coverages triggers in commercial crime policies? - ANSWER-Discovery Form and Loss
sustained form
What is the purpose of a claims-made form? - ANSWER-To pay for bodily injuries or property damage
reported during the policy period
What type of perils are covered by the Advertising Injury Form? - ANSWER-Libel, slander, defamation,
violation of privacy, infringement of copyright or titles
What is a commercial floater? - ANSWER-An inland marine policy designed to cover movable commercial
property, wherever it may be located
What are the 3 liablity coverages included in the commercial general liablity (CGL) coverage form? -
ANSWER-Coverage A - bodily injury and property damage, coverage B - personal and advertising injury,
and coverage C - medical payments
In commercial package policies (CPPS), who may cancel the policy in the writing and make changes to
the policy with the consent of the insurer? - ANSWER-First named insured
What does coverage a of the commercial general liability (CGL) form provide coverage for? - ANSWER-
Injury or death suffered by a third party, or damage to the property of others
What is the name for policy endorsement that may apply to more than one coverage part? - ANSWER-
Interline endorsments
What type of property can be covered under inland marine insurance? - ANSWER-any type of property
that is portable on land, as well as means of transportation and communication
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