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CRIS Exam -2 with correct answers
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CRIS Exam -2 with correct answers
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CRIS Exam #2 with correct answers.bSectionbIbofbOllie'sbcommercialbgeneralbliabilitybpolicybincludesbthreebcoveragebparts.bWhichbonebofbthebf
ollowingbisbnotbonebofbthesebthreebparts?b-bcorrectbanswer-comprehensivebandbcollision
MarvelousbMansions,babluxurybhomebbuilder,bisbinsuredbunderbabcommercialbgeneralbliabilitybpolicy.bAsbabr
esult,bMarvelousbhasbcoveragebfor:b-bcorrectbanswer-
DamagesbawardedbtobabthirdbpartybbecausebofbinjuryborbdamagebforbwhichbMarvelousbMansionsbisblegallyb
responsible,basbwellbasbdefensebcostsbassociatedbwithbthebsuit.
BoglebConstructionbCompany,bwhichbemploysbfewerbthanb100bpeople,bhasbabgeneralbliabilitybpolicybinbwhic
hbonlybBoglebConstructionbCompanybisblistedbasbthebnamedbinsured.bBogle'sbforemanbasksbthebfirm'sbinsur
ancebbrokerbwhetherbthisbpolicybprovidesbanybcoveragebforbhisbemployees.bThebbrokerbcorrectlybtellsbhimbt
hatbthebemployees:b-bcorrectbanswer-
ArebinsuredsbonlybtobthebextentbtheirbliabilitybarisesboutbofbtheirbworkbforbBoglebConstruction.
ThebgeneralbaggregateblimitbofbabCGLbpolicybis:b-bcorrectbanswer-
Thebmostbthebinsurerbwillbpaybforballbclaims,botherbthanblossesbthatbfallbunderbtheb"products-
completedboperationsbhazard,"bforbthebentirebpolicybperiod.
Gerry'sbGeneralbContractingbhasbbeenbhiredbtobconstructbabminorbleaguebbaseballbstadium.bGerrybintendsb
tobusebvariousbtradebsubcontractorsbtobperformbsomebofbthebwork.bThebconstructionbcontractbrequiresbGe
rry'sbGeneralbContractingbtob"indemnifybandbholdbharmless"bthebstadiumbowner.bThisbmeansbthat:b-
bcorrectbanswer-
Gerrybwillbbearbresponsibilitybforbthebowner'sbliabilitybforbinjuryborbdamagebtobthirdbpartiesbinbconnectionb
withbthebworkbperformedbunderbthebcontract.
DuringbabbusinessbmeetingbinbJapan,bBobbBlue,bwhoblivesbinbHonolulubandbisbemployedbasbthebmarketingbvi
cebpresidentbofbthebHawaii-
basedbBluebPipelinebCompany,baccidentallybtripsbJoan,banotherbcompany'sbrepresentative.bJoanbisbabreside
ntbofbAnchorage,bAlaska.bJoanbsuesbBluebPipelinebforbherbmedicalbexpensesbandbdisabilitybincomebloss.bBlu
ebPipelinebrefersbthebclaimbtobitsbCGLbinsurer.bWhatbisbthebimpactbofbthebcoveragebterritorybprovisionsbonbc
overagebforbthisbclaim?b-bcorrectbanswer-
ThebinsurerbwillbrespondbtobthebclaimbbecausebBobbisbabU.S.bresidentbwhobwasbonlyboutbofbthebUnitedbStat
esbforbabshortbtimebonbbusiness.
, ArmadillobTanksbchangesbitsbCGLbpolicybfrombFirstbInsurance,bwhichbprovidedbcoveragebfrombFebruaryb1,b2
009btobFebruaryb1,b2010,btobSecondbInsurance,bwhichbprovidesbcoveragebfrombFebruaryb1,b2010btobFebrua
ryb1,b2011.bOnbOctoberb15,b2009,bArmadillobreceivesbnoticebofbabclaimbforbanbinjurybthatboccurredbonbNov
emberb22,b2008.bThebclaimbisbultimatelybsettledbonbAprilb15,b2010.bIfbbothbCGLbpoliciesbhavebanboccurrenc
ebtrigger,bwhichbpolicybisbtriggeredbforbthisbclaim?b-bcorrectbanswer-
Neitherbpolicybisbtriggeredbbybthisbclaim.
BarnesbBuildersbhasbabCGLbpolicybthatbcoversbinjuryborbdamagebonlybifbitboccursbduringbthebpolicybperiod.b
Whatbtypebofbcoveragebtriggerbdoesbthebpolicybhave?b-bcorrectbanswer-Occurrence.
ThebCGLbdefinitionbofb"bodilybinjury"bincludesballbofbthebfollowingbexcept:b-bcorrectbanswer-
Wrongfulbimprisonment.
GenconbpurchasesbabCGLbpolicybandbisbalmostbimmediatelybsuedbbybabpedestrianbwhobwasbinjuredbwhenba
bloadbofbbricksbfellbonbhimbasbhebwalkedbpastbabconstructionbsite.bUnderbthebCoveragebAbinsuringbagreeme
nt,bthebanswerbtobthebwhichbofbthebfollowingbquestionsbinfluencesbwhetherbthebpolicybisbtriggeredbforbthisb
claim?b-bcorrectbanswer-Whenbdidbthebinjuryboccur?
SallybisbanbemployeebofbthebTimesbCompany,bwhichbcreatesbcustom-
designedbsignsbforbbusinesses.bShebisbonbabladderbinstallingbabGreekbRestaurantbsignbwhenbthebladderbslide
sboutbfrombunderbher.bTimesbownsbthebladder,bwhichblandedbonbabbystander.bBothbSallybandbthebbystander
bwerebinjured.bTimesbhasbnotbsignedbabholdbharmlessbagreementbwithbGreekbRestaurant,bwhichbownsbtheb
sign.bWhichbofbthebfollowingbwouldbbebcoveredbunderbTimes'bCGLbpolicy?b-bcorrectbanswer-
ThebinjuredbbystanderbfilesbabclaimbagainstbTimes.
Frankbisbabcommercialbpainterbwhosebsprayingbequipmentbisbpermanentlybmountedbonbthebbackbofbhisbtru
ck.bWhetherbhisbautoborbCGLbpolicybrespondsbtobabgivenbliabilitybclaimbwillbbebdeterminedbby:b-
bcorrectbanswer-Howbthebvehicleborbequipmentbwasbbeingbusedbatbthebtimebofbloss.
CGLbexclusionsbarebdesignedbtobremovebcoveragebforbparticularbtypesbofbexposures.bWhichbofbthebfollowin
gbisbnotbabcategorybofbexcludedbloss?b-bcorrectbanswer-
Lossesbthatbcouldbhavebbeenbavoidedbwithbproperbcarebandbattention.
WhichbofbthebfollowingbisbnotbabrequirementbforbmeetingbthebCGLbpolicybdefinitionbofb"impairedbproperty"
?b-bcorrectbanswer-Suddenbandbaccidentalbphysicalbdamage.
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