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CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ £24.71
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CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Module
CIC COMMERCIAL CASUALTY INSTITUTE
Institution
CIC COMMERCIAL CASUALTY INSTITUTE
CIC COMMERCIAL CASUALTY INSTITUTE EXAM
NEWEST ACTUAL EXAM AND PRACTICE
EXAM COMPLETE 180 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
CIC COMMERCIAL CASUALTY INSTITUTE EXAM
NEWEST 2024-2025 ACTUAL EXAM AND PRACTICE
EXAM COMPLETE 180 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
1.2) What are the two promises found in paragraph 'a.' of the
insuring agreement? - ANSWER- Indemnity and Defense. (Pays
sum the insured becomes legally obligated to pay as damages
because of BI/PD and the defense costs)
1.2) Define BI and PD - ANSWER- - BI: sickness or disease,
injury, or death
- PD: Physical injury or loss of use to tangible property
1.2) Where must the 'occurrence' take place for coverage to be
active? - ANSWER- The coverage territory
1.2) What is the coverage territory? - ANSWER- US, it's
territories and possessions, Puerto Rico and Canada
,2|Page
1.2) is international airspace part of the coverage territory? -
ANSWER- Yes, but only when flying between locations in the
coverage territory
1.2) Under what circumstances is the coverage territory
worldwide? - ANSWER- - Product is made or sold in territory
described in coverage territory
- Temporary business travel
- Personal or advertising injury occurs on the web
- SUIT MUST BE BROUGHT IN THE US
1.2) Is previously known injury or damage a covered loss? -
ANSWER- No.
1.3) Does coverage A apply to expected or intended injury? -
ANSWER- No. Expected or intended injury is an exclusion
from Coverage A
1.3) What is Contractual Liability? - ANSWER- Arises from
one party assuming responsibility of another party (Tenant -
Landlord, Sub - GC, Lessee - Lessor)
1.3) What is considered an 'Insured Contract'? (LEASEPlus) -
ANSWER- - Lease of Premises
,3|Page
- Easement or license agreement (unless within 50 feet of a
railroad)
- An obligation to indemnify a municipality or required by
ordinance except when working for a municipality)
- Sidetrack Agreement
- Elevator maintenance agreement
- Plus any other contract which the named insured assumes tort
liability of another party to pay BI/PD to a third party
1.3) What is NOT considered an 'Insured Contract' (Three
things) - ANSWER- - A railroad indemnity agreement
- Architect, engineer, or surveyor indemnity agreement
- Professional Liability for any of the above things
1.3) Is liquor liability excluded from Coverage A? - ANSWER-
Yes, however host liquor coverage is provided if the named
insured is not in the business of producing, selling or
distributing liquor/alcohol
1.3) Does Coverage A apply to Workers Comp Laws? -
ANSWER- No. Excluded
1.3) Is Employers Liability a provided coverage under Coverage
A? - ANSWER- No. Excluded
, 4|Page
1.3) Pollution is excluded from Coverage A, however there are
three exceptions. What are they? - ANSWER- - BI if sustained
within a building and caused by smoke, fumes, vapor or soot
originating from a equipment used to heat, cool, or dehumidify
the building, or heat/cool water.
- If you are a contractor and the owner of the site/location has
been added as an additional insured with respect tothe
contractors ongoing operations
- BI/PD resulting from heat, smoke or fumes from a hostile fire
1.3) If pollutants are brought to the site, and contractors are
using them, then pollution is excluded. If pollutants were
already on site and not being used, but a contractor spilled them,
it would be covered. - ANSWER- True. Idk. Needed to
remember that.
1.3) Exclusions to Coverage A, that would be covered on other
policy types are... - ANSWER- - Workers Compensation related
claims
- Aircraft, Auto, and Watercraft
- Mobile Equipment (unless while in use for liability)
- Property (owned by named insured)
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