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Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024
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Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024 What are the two promises the insurer makes? - correct answers-1. Indemnity 2.Defense A...

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  • September 19, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • commercial casualty ciclatest exam questions an

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  • Commercial Casualty – CIC
  • Commercial Casualty – CIC

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Commercial Casualty – gd gd




CIC/latest exam questions and answers
gd gd gd gd gd gd




correct and verified 100% > fall 2024
gd gd gd gd gd gd




Whatgdaregdthegdtwogdpromisesgdthegdinsurergdmakes?gd-gdcorrectgdanswers-1.gdIndemnity

2.Defense

AgdCommercialgdGeneralgdLiabilitygdPolicygdmaygdbegdwrittengdasgdagd-gdcorrectgdanswers-1.gdMonolinegdPolicy

2.gdMulti-LinegdPolicy

6gddifferentgdformsgdofgdbusinessgd-gdcorrectgdanswers-1.gdIndividual

2.gdPartnership

3.gdJointgdVenture

4.gdTrust

5.gdLimitedgdLiabilitygdCompany

6.gdOrganization,gdincluding,gdbutgdnotgdlimitedgdtogdcorporations

Thegd5gdsectionsgdtogdagdCGLgdFormgd-gdcorrectgdanswers-SectiongdIgd-gdCoverages

CoveragegdAgd-gdBodilygdInjurygdandgdPropertygdDamage
gd



CoveragegdBgd-gdPersonalgdandgdAdvertisinggdInjury
gd



CoveragegdCgd-gdMedicalgdPayments
gd



SectiongdIIgd-gdWhogdisgdangdInsured?

SectiongdIIIgd-gdLimitsgdofgdInsurance

SectiongdIVgd-gdCGLgdConditions

SectiongdVgd-gdDefinitions

CoveragegdCgdisgdmoregdforgd-gdcorrectgdanswers-Ongdthegdpremisesgdandgdaroundgdthegdpremises



Operations-gdawaygdfromgdthegdpremises

PremisesgdLiabilitygd-gdcorrectgdanswers-
owners,gdlandlords,gdandgdtenantsgdandgdarisesgdoutgdofgdthegdownership,gdmaintenance,gdorgdusegdofgdthegdinsu
red'sgdpremises

,BusinessgdOperationsgdLiabilitygd-gdcorrectgdanswers-
Activatesgdinvolvedgdingdthegdoperationgdofgdangdorganizationgdincludinggdservicegdrepairgdactivitiesgdusuallygddo
negdongdthegdpremisesgdofgdothers,gdwhilegdthegdactivitygdisgdbeinggdconducted



STILLgdINgdTHEgdHANDSgdOFgdTHEgdINSUREDS

ProductsgdLiabilitygd-gdcorrectgdanswers-
Arisesgdoutgdofgdthegdsale,gddistributiongdorgdmanufacturegdofgdthegdnamedgdinsured'sgdproductgd



CoveragegdbeginsgdwhengdthegdproductgdhasgdLEFTgdTHEgdNAMEDgdINSURED'SgdPREMISESgdandgdisgdnogdlongergdi
ngdthegdnamedgdinsured'sgdpossessions

Productsgd-gdCompletedgdOperationsgdHazardgdincludesgd-gdcorrectgdanswers-
allgdBIgdandgdPDgdoccurringgdawaygdfromgdpremisesgdyougdowngdorgdrentgdandgdarisinggdoutgdofgd"yourgdproduct"gd
orgd"yourgdwork"gdexcept:



1.gdProductsgdthatgdaregdstillgdingdyourgdphysicalgdpossession

2.gdWorkgdthatgdhasgdnotgdyetgdbeengdcompletedgdorgdabandoned.

IngdProductsgd-
gdCompletedgdOperationsgdHazardgd"yourgdwork"gdwillgdbegddeemedgdcompletedgdatgdthegdearliestgdofgdthegdfollo

winggdtimes:gd-gdcorrectgdanswers-
1.gdWhengdallgdofgdthegdworkgdtogdbegddonegdatgdthegdjobgdsitegdhasgdbeengdcompleted

2.gdWhengdallgdofgdthegdworkgdtogdbegddonegdatgdthegdjobgdsitegdhasgdbeengdcompletedgdifgdyourgdcontractgdcallsgdfo
rgdworkgdatgdmoregdthangdonegdjobgdsite

3.gdWhengdthatgdpartgdofgdthegdworkgddonegdatgdagdjobgdsitegdhasgdbeengdputgdtogditsgdintendedgdusegdbygdanygdpers
ongdorgdorganizationgdothergdthangdanothergdcontractorgdorgdsubcontractorgdworkinggdongdthegdsamegdproject

"YourgdProduct"gdmeansgd-gdcorrectgdanswers-
anygdgoodsgdorgdproductsgdothergdthangdrealgdproperty,gdmanufactyured,gdsold,gdhandled,gddistributedgdorgddisp
osedgdofgdby:gdyou,gdothersgdtradinggdundergdyourgdname,gdorgdagdpersongdorgdorganizationgdwhosegdbusinessgdorg
dassetsgdyougdhavegdacquired



Yourgdproductgdalsogdincludesgd-gdcorrectgdanswers-
Containersgd(othergdthangdvehicles),gdmaterials,gdpartsgdorgdequipmentgdfurnishedgdingdconnectiongdwithgdsuchg
dgoodsgdorgdproductsgdIncluding:




-
Warrantiesgdorgdrepresentationsgdmadegdatgdanygdtimegdwithgdrespectgdtogdthegdfitness,gdquality,gddurability,gdpe
rformancegdorgdusegdofgd"YourgdProduct"

,-gdThegdprovidinggdofgdorgdfailuregdtogdprovidegdwarninggdorgdinstructions

-
gdDoesgdnotgdincludegdvendinggdmachinesgdorgdothergdpropertygdrentedgdtogdorgdlocatedgdforgdthegdusegdofgdothers
gdbutgdnotgdsold



"YourgdWork"gdmeansgd-gdcorrectgdanswers-1.gdWorkgdorgdoperationsgdperformedgdbygdyougdorgdongdyourgdbehalf

2.gdMaterials,gdpartsgdorgdequipmentgdfurnishedgdingdconnectiongdwithgdsuchgdworkgdorgdoperationsgdincluding:



-
Warrantiesgdorgdrepresentationsgdmadegdatgdanygdtimegdwithgdrespectgdtogdthegdfitness,gdquality,gddurability,gdpe
rformancegdorgdusegdofgd"YourgdWork"

-gdThegdprovidinggdofgdorgdfailuregdtogdprovidegdwarninggdorgdinstructions

CompletedgdOperationgdLiabilitygd-gdcorrectgdanswers-
Arisesgdfromgdactivitiesgdinvolvedgdingdthegdoperationgdofgdangdorganizationgdincludinggdservicegdandgdrepairgdacti
vitiesgdusuallygddonegdongdthegdpremisesgdofgdothers,gdaftergdthegdactivitygdhasgdbeengdconcluded



CoveragegdbeginsgdWHENgdTHEgdBUSINESSgdOPERATIONgdISgdCOMPLETEDgd-
gdNOgdLONGERgdINgdINSUREDSgdHANDS




Workgdthatgdmaygdneedgdservice,gdmaintenance,gdcorrection,gdrepairgdorgdreplacement,gdbutgdwhichgdisgdotherw
isegdcomplete,gdwillgdbegdtreatedgdasgdcomplete



ex.gdFoodgdconsumptiongdongdthegdnamedgdinsured'sgdpremises

LiabilitygdExposuresgdundergdCoveragegdAgd-gdcorrectgdanswers--Premisesgd

-Operations

-Products

-CompletedgdOperations

-Contractual

-Contingent

ContractualgdLiabilitygd-gdcorrectgdanswers-
Arisesgdfromgdonegdpartygdassuminggdresponsibilitygdofgdanothergdparty



-Arisesgdfromgdangdinsuredgdcontractgdorgdothergdcontractualgdobligationsgd

, ex.gdtenantgd-gdLandlord,gdSubcontractorgd-gdGeneralgdContractor



Coveragegdisgdprovidedgdfor:



1.gdLiabilitygdingdabsencegdofgdthegdcontract

2.Liabilitygdassumedgdingdagdcontractgdorgdagreementgdthatgdisgdangdinsuredgdcontractgdandgdonlygdwithgdrespectgd
togdinjurygdorgddamagegdthatgdoccursgdaftergdthegdcontractgdisgdexecuted

Whatgdkindgdofgdcontractgdforgdagdleasegdofgdpremisesgdisgdnotgdconsideredgdangdinsuredgdcontract?gd-
gdcorrectgdanswers-

thegdportiongdofgdthegdcontractgdforgdagdleasegdofgdpremisesgdthatgdindemnifiesgdanygdpersongdorgdorganizationgdf
orgddamagegdbygdfiregdtogdpremisesgdwhilegdrentedgdtogdyougdorgdtemporarilygdoccupiedgdbygdyougdwithgdpermissi
ongdofgdthegdowner

Endorsementsgdthatgdmodifygdthegdinsuredsgdcontractgddefintiongd-gdcorrectgdanswers-
Amendmentgdofgdinsuredgdcontractgddefinitiongd-
gdeliminatesgdcoveragegdforgdthegdsolegdnegligencegdofgdthegdindemniteegdundergdparagraphgdf




ContractualgdLiabilitygdLimitationgd-gdEliminatesgdthegddefintiongdofgdinsuredgdcontract



ContractualgdLiabilitygd-gdRailroadsgd-
gdGivesgdbackgdcoveragegdforgdconstructiongdorgddemolitiongdoperationsgdongdorgdwithingd50gdfeetgdofgdagdrailroad



Whatgdisgdangdexceptiongdingdanygdeasementgdorgdlicensegdagreement?gd-gdcorrectgdanswers-
connectiongdwithgdconstructiongdorgddemolitiongdoperationgdongdorgdwithingd50gdfeetgdofgdagdrailroad

HoldgdHarmlessgdagreementgdorgdIndemnitygdagreementgd-gdcorrectgdanswers-
ongdpartygd(thegdindemnitor)gdpromisesgdtogdreimburse,gdandgdingdsomegdcasesgddefendgdthegdothergdpartygd(theg
dindemnitee)gdagainstgdclaimsgdorgdsuitsgdbroughtgdagainstgdthegdindemniteegdbygdagdthirdgdparty



Thegdpurposegdofgdagdholdgdharmlessgdagreementgd-gdcorrectgdanswers-
togdtransfergdthegdriskgdofgdfinancialgdlossgdfromgdonegdpartygd(thegdindemnitee)gdtogdanothergdpartygd(thegdindem
nitor)

Indemnitorgd-gdcorrectgdanswers-
thegdpersongdorgdorganizationgdthatgdholdsgdanothergd(thegdindemnitee)gdharmlessgdingdagdcontractgd



ex.gdsubgdcontractorgd-gdtheygdwouldgdrespondgdtogdthegdsuitgdbcgdtheygdheldgdthegdgeneralgdcontractorgdharmless

Indemniteegd-gdcorrectgdanswers-
Thegdpersongdorgdorganizationgdthatgdisgdheldgdharmlessgdingdagdcontractgd(thegdindemnitor)

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