CIC Commercial Multiline questions with correct answers

Reasons to have Umbrella CORRECT ANSWER-1. Provides additional limits that are excess over underlying limits of insurance 2. Provides primary coverage when an underlying policy does not respond because aggregate limit has been exhausted. 3. Provides broader coverage than existing underlying insurance. Solutions for NI who have policies with Nonconcurrent Dates CORRECT ANSWER-1. Write policy in short term 2. Cancel and rewrite 3. Endorse to reinstate reduced limits 4. Endorse the excess with nonconcurrency endorsement Third Party Cyber Loss CORRECT ANSWER-1. Unintended disclosure of information 2. Disclosure of incorrect or damaging info 3. Infringement of copyright 4. Slander, Libel, Disparage 5. Transmittal of virus 6. Access and disclosure by unauthorized user. 7. DoS 8. Programming errors 9. Data entry errors 10. Violation of laws First Party Cyber CORRECT ANS