CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
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CIC COMMERCIAL CASUALTY INSTITUTE
Institution
CIC COMMERCIAL CASUALTY INSTITUTE
CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-
2025 ACTUAL EXAM AND PRACTICE EXAM COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-
2025 ACTUAL EXAM AND PRACTICE EXAM COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
CIC COMMERCIAL CA...
CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-
2025 ACTUAL EXAM AND PRACTICE EXAM COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
What are 4 major loss exposures covered by CGL Form?
LO1 - ANSWER -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 improperly installed.
5. Contractual Liability
,(A contractor agrees to assume Liability for the owner of the
premises. The owner 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 comments, the principal sues for slander)
8. Advertising
Injury Liab
COV B (copyright
infringement)
What are the 4 Types of Torts?
LO2
NISA - ANSWER -1. Unintentional Tort, usually based on
NEGLIGENCE. Duty owed, duty beached, proximate
cause and damages.
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
3. STRICT Liability (products Liability)
Consumer must only prove the defect and consequent damages to
support a cause of action against the manufacturer, 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)
What are two types of damages? - ANSWER
-1. Compensatory damages
General - pain
and suffering
Special -
$$ bills
2. Punitive
damages
, Punishment, some states cover under
insurance, some do not allow them
What are the 3 types of insureds under the CGL coverage form?
LO3 - ANSWER -1. Named insureds on the dec page
2. Automatic insureds (employees, volunteers)
3. Non-automatic insureds, addl insureds added by Endts
Give 3 examples of other automatic insureds
LO3 - ANSWER -1. Spouse of an individual
2. Members, partners and spouses of a partnership or JV
3. Members and managers of an LLC
4. Executive officers of a Corp, and stockholders
5. Trustees of a trust
Other insureds on the CGL Coverage Form are
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