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CISR - Personal Lines Miscellaneous With Questions And 100% ALL SURE ANSWERS
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CISR - Personal Lines Miscellaneous With Questions And 100% ALL SURE ANSWERS
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JACKLINECISR - Personal Lines Miscellaneous With Questions And 100% ALL SURE ANSWERS
Terms in this set (90)
Skilled manual or mechanical work.
What is a trade?
Examples: Painter, Carpenter, Electrician, etc.
A vocation requiring advanced education and training.
What is a profession?
Examples: Physician, Dentist, Attorney, Veterinarian, etc.
What is an occupation? An activity or pursuit in which a person is engaged; a person's usual or principal work or business.
Part 1 - A business includes a trade, profession, or occupation engaged in on a full-time, part-
time, or occasional basis.
What are the two parts of the definition of
"Business"?
Part 2 - A business is any activity that is engaged in for money or other compensation unless it is
one of four cited activities.
CISR - Personal Lines Miscellaneous
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, 1 - One or more activities for which no "insured" received more than $2,000 in the 12 months prior
to the beginning of the policy period.
2 - Volunteer activities where no compensation is received other than reimbursement of
What are the four cited activities that can void the expenses.
definition of business?
3 - Home day care provided without compensation even if there is a mutual exchange of day
care services.
4 - Home day care to a relative of an "insured" even if receiving compensation for the services.
Is coverage for a loss to the Coverage A - No - there is not a limitation or exclusion for a dwelling with a "business" exposure.
Dwelling effected by "business" use?
What does the Homeowners 3 - Special Form It automatically includes Coverage B - Other Structures coverage up to 10% of Coverage A -
policy automatically include in regards to Dwelling limit.
Coverage A - Dwelling & Coverage B - Other
Structures?
1 - An other structure that is rented or held for rental to anyone not a tenant of the dwelling
unless for use solely as a private garage.
2 - An other structure with a business conducted in it.
Under the Homeowners 3 - Special Form policy,
what three exclusions apply to an other structure?
3 - An other structure used to store "business" property unless the property is both: (1) Owned
solely by an "insured" or tenant of the dwelling & (2) The "business" property is not gaseous or
liquid fuel unless it is in a permanently installed fuel tank of a vehicle or craft parked or stored in
the structure.
Used to obtain coverage for an other structure that is rented to others for use as a private
What is the Structures Rented to Others -
residence.
Residence Premises HO 04 40 endorsement used
to obtain?
The other structure is described in the Schedule with a Limit of Liability.
An other structure with an eligible incidental "business" exposure typically offices, schools, or
What is the Permitted Incidental Occupancies - studios.
Residence Premises HO 04 42 used for?
The Limit of Liability & Description of Other Structure must be shown in the Schedule.
CISR - Personal Lines Miscellaneous
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