100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS $22.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. CIC COMMERCIAL CASUALTY INSTITUTE
  4.  
  5. CIC COMMERCIAL CASUALTY INSTITUTE

Exam (elaborations)

CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS

1 review
 4 purchases
  • Course
  • CIC COMMERCIAL CASUALTY INSTITUTE
  • Institution
  • CIC COMMERCIAL CASUALTY INSTITUTE

CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS

Preview 3 out of 18  pages

Document information

  • September 30, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • cic commercial casualty institute exam newest 2024
  • cic commercial casualty institute

Written for

  • CIC COMMERCIAL CASUALTY INSTITUTE
  • CIC COMMERCIAL CASUALTY INSTITUTE

1  review

review-writer-avatar

By: Cucurella • 3 months ago

Seller

avatar-seller
ProLabs

Reviews received

Content preview

CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-2025 A
TUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND COR
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fpi29s
1. Premises Liability (slip and fall due to
water on the floor)

2. Operations Liability
(Tree trimmer causes damage to power
lines by removing fallen limbs)

3. Product Liability (ladder collapses
when being used as intended)

4. Completed Operations
A contractor installs a hot water heater
and leaves the home, 2 days later, water
overflows onto the floor causing damage
because the hot water heater was im-
What are 4 major loss exposures cov- properly installed.
ered by CGL Form?
5. Contractual Liability
LO1 (A contractor agrees to assume Liability
for the owner of the premises. The own-
er is sued due to the operations of the
contractor. The contractor will pay for the
Liability exposure of the owner)

6. Contingent Liability ( a GC is held liable
for work performed by a sub)

7. Personal Injury Liability - COV B
(A parent calls the Principal incompetent
at a school meeting. Due to the com-
ments, the principal sues for slander)

8. Advertising Injury Liab
COV B (copyright infringement)






, CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-2025 A
TUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND COR
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fpi29s
1. Unintentional Tort, usually based
on NEGLIGENCE. Duty owed, duty
beached, proximate cause and dam-
ages. Example- Car accident.

2. INTENTIONAL Tort, resulting in injury
or loss to another person
Libel, slander, wrongful entry or eviction,
assault/battery, wrongful detention, false
arrest, copyright infringement
What are the 4 Types of Torts?
3. STRICT Liability (products Liability)
LO2
Consumer must only prove the defect
and consequent damages to support a
NISA
cause of action against the manufactur-
er, regardless of any wrong doing on the
mfgr's part.

4. ABSOLUTE Liability is something that
is inherently dangerous such as a having
a pet boa constrictor who bites a child

Statutes are rules or laws that create
Liability ( WC, auto liab, ny disability etc)
1. Compensatory damages
General - pain and suffering
Special - $$ bills
What are two types of damages?
2. Punitive damages
Punishment, some states cover under in-
surance, some do not allow them

1. Named insureds on the dec page
What are the 3 types of insureds under
the CGL coverage form?
2. Automatic insureds (employees, vol-
unteers)
LO3



, CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-2025 A
TUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND COR
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fpi29s
3. Non-automatic insureds, addl insureds
added by Endts
1. Spouse of an individual

2. Members, partners and spouses of a
partnership or JV
Give 3 examples of other automatic in-
sureds
3. Members and managers of an LLC
LO3
4. Executive officers of a Corp, and stock-
holders

5. Trustees of a trust
1. Volunteer workers or your employees,
other than exec officers. Includes Leased
workers But not temp workers

2. Real Estate Managers

If an EE sues an Exec Officer for EE
injury, the exec officer is covered under
the GL policy, not the EL policy. Only the
Other insureds on the CGL Coverage
first named insured is covered under the
Form are
EL
LO3
They are NOT Insureds for BI or P & A
Injury to a named insured, partner, mem-
ber, employee or volunteer worker

Or

for Consequential BI or P & A Injury to
family members of an injured employee
or volunteer worker
Newly acquired or newly formed corpora-
tions qualify as named insured up to 90
days or when the policy expires, whichev-

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ProLabs. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $22.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$22.99  4x  sold
  • (1)
Add to cart
Added