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
RMI 3011 Exam 3 RMI 3011 Florida State University -Question and answers verified to pass $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Florida State University
  4.  
  5. RMI 3011

Exam (elaborations)

RMI 3011 Exam 3 RMI 3011 Florida State University -Question and answers verified to pass
 3 views  0 purchase

RMI 3011 Exam 3 RMI 3011 Florida State University -Question and answers verified to pass The phrase "general liability" is used to refer to the legal liability of a business arising from all of the following EXCEPT A) employees injured on the job. B) defective products. C) liability assumed by...

[Show more]

Preview 4 out of 124  pages

Document information

  • November 30, 2024
  • 124
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • rmi 3011 exam 3
  • rmi 3011 exam 3 question and answers verified to p
  • rmi 3011 exam 3 rmi 3011 florida state university

Written for

All documents for this subject (80)

Seller

avatar-seller
Academia199

Reviews received

Content preview

RMI 3011 Exam 3 Question and answers
verified to pass
The phrase "general liability" is used to refer to the legal liability of a business
arising from all of the following EXCEPT
A) employees injured on the job.
B) defective products.
C) liability assumed by contract.
D) completed operations. - correct answer ✔A) employees injured on the job.


Liability arising out of work performed by independent contractors is referred
to as
A) contractual liability.
B) contingent liability.
C) care, custody, and control liability.
D) customer's liability. - correct answer ✔B) contingent liability.


A customer was injured when a furnace exploded following its faulty
installation by a heating and cooling business. For the heating and cooling
business, this is an example of
A) contingent liability.
B) completed operations liability.
C) products liability.
D) contractual liability. - correct answer ✔B) completed operations liability.


The Commercial General Liability (CGL) Policy covers liability arising out of
which of the following loss exposures?

,I. Bodily injury of an employee of the insured arising out of and in the course
of employment
II. Bodily injury of a customer injured by a defective product manufactured by
the insured
A) I only
B) II only
C) both I and II
D) neither I nor II - correct answer ✔B) II only


Which of the following exposures is covered under a Commercial General
Liability Policy with no endorsements?
A) liability arising out of seepage of pollutants
B) employment-related practices liability
C) personal injury liability
D) aircraft liability - correct answer ✔C) personal injury liability


Bay Gallery owns a building a Wharf Street. Bay Gallery purchased a
Commercial General Liability Policy with no endorsements. All of the following
claims would be covered under the policy EXCEPT
A) An artist sued the gallery for slander after an employee of the gallery said
the artist's work looks like it was painted by an intoxicated monkey.
B) A customer is injured when a painting falls from the wall and strikes the
customer.
C) A customer is injured after falling on a slippery floor at the gallery.
D) An employee of the gallery accidentally started a fire that caused extensive
damage to the building. - correct answer ✔D) An employee of the gallery
accidentally started a fire that caused extensive damage to the building.

,Which of the following losses would be covered under a Commercial General
Liability Policy that has no endorsements?
I. The named insured rented a building and an employee of the named
insured negligently started a fire at the rented building.
II. The cost to recall defective products
A) I only
B) II only
C) both I and II
D) neither I nor II - correct answer ✔A) I only


Which of the following is (are) covered under an unendorsed Commercial
General Liability Policy?
I. False arrest of a customer wrongly accused of shoplifting
II. Publication of material that violates an individual's right to privacy
A) I only
B) II only
C) both I and II
D) neither I nor II - correct answer ✔C) both I and II


In addition to the named insured, all of the following are insureds under the
Commercial General Liability Policy EXCEPT
A) suppliers of products to the named insured's business.
B) the insured's employees while acting within the scope of their employment.
C) the manager of the insured's real estate.
D) partners of the named insured. - correct answer ✔A) suppliers of products
to the named insured's business.


Which of the following is (are) covered under a claims-made policy?

, I. Claims arising out of occurrences which take place during the policy period,
regardless of when the claim is made
II. Claims first reported during the policy period, provided the event occurred
after a retroactive date stated in the policy
A) I only
B) II only
C) both I and II
D) neither I nor II - correct answer ✔B) II only


A provision included in a claims-made commercial general liability policy
provides coverage for claims filed after the policy has expired. This provision
is called a(n)
A) extended reporting period provision.
B) agreed amount endorsement.
C) retroactive date provision.
D) per-occurrence limit clause. - correct answer ✔A) extended reporting
period provision.


Which of the following statements about workers compensation insurance is
(are) true?
I. Under the workers compensation part of the policy, the insurer agrees to
pay the benefits required by the workers compensation law of any state listed
in the policy declarations.
II. The employers liability part of the policy provides workers compensation
benefits when employees are working in states other than those listed in the
policy declarations.
A) I only
B) II only
C) both I and II

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

60904 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart