CISR Commercial Casualty Bundled Exams Questions and Answers Latest Versions (2024/2025) (Complete and Accurate)

California Commercial Insurance Exam Questions and Answers Rated A+ What is a Modular Policy? A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? A Commercial Package Policy is a...

Property and Casualty Insurance Exam Latest Update Graded A+ Insurance The transfer of risk through a legal contract Property Covers real property and personal property against damage or loss resulting from covered causes of loss called perils casualty covers non-property losses (3rd Pa...

Casualty Insurance Latest Update with Verified Solutions Premiums Periodic payments paid to insurance companies from insureds Pure Risk Possibility of suffering harm or loss (Insurance companies assume pure risk) Speculative Risk When financial gain is possible (Gambling - Not insurable)...

Commercial package property (casualty) latest version graded A+ COMMERCIAL PACKAGE POLICY the commercial package policy was introduced in 1986 to replace the special multiple policy and other related monoline policies. some of the most important goals of this overhaul were the following: ...

Commercial Insurance - Test 1 Latest Update Graded A+ Lines of Commercial Insurance Property, Business income, Crime, Equip Breakdown (B&M), Inland & ocean marine, CGL, Auto, Businessowners, Farm, Workers Comp, Employers liability, Excess and Umbrella, Professional Liability, Management Liab...

Commercial Casualty II – CISR Questions and Answers 100% Pass In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for...

CIC - Commercial Casualty Institute Latest Update Graded A+ Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) 1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Ret...

CISR Commercial Casualty I Lesson 1 L Latest Update Graded A+ Legal Liability A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability Tort Liability, S...

CISR Agency Operations Self Quiz Latest Update Graded A+ Which one of the following best describes actual authority? When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an in...

CISR - Elements of Risk Management Questions and Answers Already Passed A ____ is a cause of loss peril A situation, behavior, or condition that may lead to adverse financial consequences exposure A cyberattack is an example of a ____ peril An Insured who shows no regard for his insured...