CIC COMMERCIAL PROPERTY EXAM CIC Commercial Property questions and Answers 2023/2024 CIC Commercial Property Exam Prep with Complete Solutions CIC Commercial Property Exam CIC Commercial Multi-line Exam Prep-Solved CIC Agency Management Exam- All Lessons CIC Property - Section 1 Questions and Answe...
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What are commercial property loss exposures - ANSWER-Buildings, personal property of owner, others and off premises, business income. What are some causes of loss - ANSWER-Fire, accident, weather, crime and disaster. What should be considered when determining coverage amounts - ANSWER-potentia...
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Add to cartWhat are commercial property loss exposures - ANSWER-Buildings, personal property of owner, others and off premises, business income. What are some causes of loss - ANSWER-Fire, accident, weather, crime and disaster. What should be considered when determining coverage amounts - ANSWER-potentia...
What are the components of a Common Policy Declarations Page - ANSWER-Named Insured Mailing Address Policy Period Business Description Premium Forms Applicable What are the Common Policy Conditions - ANSWER-Cancellations Changes Examination of books & records Inspection & surveys Premiu...
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Add to cartWhat are the components of a Common Policy Declarations Page - ANSWER-Named Insured Mailing Address Policy Period Business Description Premium Forms Applicable What are the Common Policy Conditions - ANSWER-Cancellations Changes Examination of books & records Inspection & surveys Premiu...
Endorsements used to modify coverage extensions (6) - ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replac...
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Add to cartEndorsements used to modify coverage extensions (6) - ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replac...
Learning Objective 1A - Rights and Duties of the first Named Insured - ANSWER-1. Authorization to Cancel 2. Receive Cancellation 3. Make Changes with Insurer Consent 4. Responsible for Payment of Premium 5. Payee (Receiver) for Return Premium Learning Objective 1B - How does Coinsurance apply...
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Add to cartLearning Objective 1A - Rights and Duties of the first Named Insured - ANSWER-1. Authorization to Cancel 2. Receive Cancellation 3. Make Changes with Insurer Consent 4. Responsible for Payment of Premium 5. Payee (Receiver) for Return Premium Learning Objective 1B - How does Coinsurance apply...
What is it called when the insured gives the insurer their legal right of recovery from a third party? a. Liberalization b. Exclusively c. Subrogation d. Assignment - ANSWER-c. Subrogation Which is covered under a Lease Hold Interest coverage form? a. The landlords loss of a prepai...
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Add to cartWhat is it called when the insured gives the insurer their legal right of recovery from a third party? a. Liberalization b. Exclusively c. Subrogation d. Assignment - ANSWER-c. Subrogation Which is covered under a Lease Hold Interest coverage form? a. The landlords loss of a prepai...
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Budget Considerations for growing an agency and doing a needs assessment - ANSWER--the specific talents and skills employees require -an awareness of gaps, deficiencies, and surpluses within and across departments -a determination of how many employees the agency can afford to hire -the bes...
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Add to cartBudget Considerations for growing an agency and doing a needs assessment - ANSWER--the specific talents and skills employees require -an awareness of gaps, deficiencies, and surpluses within and across departments -a determination of how many employees the agency can afford to hire -the bes...
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CIC Commercial Multi-line Exam Prep-Solved
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Add to cartCIC Commercial Multi-line Exam Prep-Solved
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Explain the Organizational Structures available to Agencies - ANSWER-Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - ANSWER-Licensing Regulations by State Regulators protect the consumer by ...
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Add to cartExplain the Organizational Structures available to Agencies - ANSWER-Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - ANSWER-Licensing Regulations by State Regulators protect the consumer by ...
Learning objective 1 List the specific rights and duties of the first named insured. - ANSWER-1. Cx - to cx and to rcv NOC 2. Changes - to make chgs 3. Audits - Examination of Books and Records 4. Inspections and Surveys 5. Premiums - pymt and return 6. Transfer of rights and duties Learnin...
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Add to cartLearning objective 1 List the specific rights and duties of the first named insured. - ANSWER-1. Cx - to cx and to rcv NOC 2. Changes - to make chgs 3. Audits - Examination of Books and Records 4. Inspections and Surveys 5. Premiums - pymt and return 6. Transfer of rights and duties Learnin...
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