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CIC Commercial Casualty – CGL Exam-Questions with Correct Answers/ Verified/ Latest (2024/2025)
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CIC Commercial Casualty – CGL Exam-Questions with Correct Answers/ Verified/ Latest (2024/2025)
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CIC Commercial Casualty – CGL Exam-Questions with CorrectAnswers/ Verified/ Latest (2024/2025)
Premises Covered Under: - ✔✔Covered Under Coverage A
Ongoing Operations Covered Under: - ✔✔Covered Under Coverage A
Products Covered Under: - ✔✔Covered Under Coverage A
Completed Operations Covered Under: - ✔✔Covered Under Coverage A
Contractual Liability Covered Under: - ✔✔Covered Under Coverage A
Contingent Liability - Coverage A - ✔✔Arises out of work performed for the Named Insured
by someone else
Coverage A is: - ✔✔Bodily Injury and Property Damage
Contractual Liability - Coverage A - ✔✔Arises from one party assuming liability for another
party
Coverage B is: - ✔✔Personal and Advertising Injury
Coverage C is: - ✔✔Medical Payments
Coverage C Covers - ✔✔Medical Payments: Premises and Operations
Coverage B Covers - ✔✔Personal and Advertising Injury: Operations and Contingent
Who is an Insured for Individual - ✔✔Named Insured and Spouse
,Who is an Insured for Partnership or Joint Venture - ✔✔Named Partnership, Named Joint
Venture, Partners, Members, Spouses
Who is an Insured for Limited Liability Company - ✔✔Named LLC, Members, Managers
Who is an Insured for Organization - ✔✔Named Entity, Executive Officers, Directors,
Stockholders
Who is an Insured for Trust - ✔✔Named Trust, Trustees
Who are the OTHERS included as AUTOMATIC INSUREDS (Under Who is an Insured) -
✔✔Employees & Voluntary Workers; Real Estate Managers; Legal Representatives if Named
Insured Dies; Person or Organization with Temporary Custody if Named Insured Dies; Newly
Acquired or Newly Formed Entities
The Definition of Employee and Leased Worker does not Include: - ✔✔Temporary Workers
What type of Workers are covered as Automatic Insureds? - ✔✔Employees and Voluntary
Workers
What type of Workers ARE NOT covered as Automatic Insureds? - ✔✔Temporary Workers
Newly Acquired or Newly Formed Entities DO NOT Include - ✔✔Partnerships, Joint
Ventures, or LLCs
How long is a Newly Acquired or Formed Entity Covered as an Automatic Insured? - ✔✔For
90 Days or End of Policy Period; WHICHEVER IS EARLIER
Spouses of any type of named insured are automatically considered insureds. T/F - ✔✔False
, A partnership is the only named insured listed on a CGL policy. A partner of partnership buys
a building in his/her own name during the policy period. A bodily injury loss occurs at that
building, and the partner is sued for damages. Does the partner have insured status under
the partnership's CGL policy for this suit? Why? - ✔✔No - Because only one partner just
purchased building so there is no automatic insured coverage
A nurse employed at a rehab center administers the wrong medication to a patient resulting
in jury. A suit is filed against the nurse for damages. Does the nurse have insured status
under the rehab center's CGL policy? - ✔✔No - No coverage under bodily injury for
employees/volunteer workers arising out of his or her providing or failing to provide
professional health care services
A named insured a corporation 30 days prior to the named insured's CGL Policy's expiration
date. Which of the following is an accurate statement?
- In this scenario, the newly acquired corporation automatically qualifies as a named insured
but only until the end of the policy period
- Newly acquired corporations always have automatic insured status for 90 days
- No coverage at all for newly acquired corporation unless added as a named insured - ✔✔In
this scenario, the newly acquired corporation automatically qualifies as a named insured but
only until the end of the policy period
A Newly Formed Joint Venture is an Automatic Insured. T/F, Why? - ✔✔False - Joint
Ventures do not qualify as Automatic Insureds under Newly Acquired or Newly Formed
Entities
What are the two promises the insurer makes under Coverage Agreement A - Bodily Injury
and Property Damage? - ✔✔1 - Pay the sums the insured becomes legally obligated to pay
as damages because of bodily injury or property damage to which the insurance applies
2 - Right and Duty to Defend the Named insured against any suit seeking damages because
of bodily injury or property damage to which the insurance applies
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