CIC - Casualty Exam Questions and Complete Solutions Graded A+
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Course
CIC Commercial Casualty Institute
Institution
CIC Commercial Casualty Institute
A Commercial General Liability (CGL) Policy may be written as a: - Answer: 1. monoline policy
2. multi-line policy called a Commercial Package Policy that includes other coverage parts such as Commercial Property Coverage, Inland Marine, Crime and Fidelity, etc.
Commercial General Liabili...
,A Commercial General Liability (CGL) Policy may be written as a: - Answer: 1. monoline policy
2. multi-line policy called a Commercial Package Policy that includes other coverage parts such as
Commercial Property Coverage, Inland Marine, Crime and Fidelity, etc.
Commercial General Liability Coverage Form CG 00 01 04 13 - Answer: 1. Section I - Coverages •
Coverage A - Bodily Injury And Property Damage Liability • Coverage B - Personal and Advertising Injury
Liability • Coverage C - Medical Payments
2. Section II - Who Is An Insured
3. Section III - Limits Of Insurance
4. Section IV - CGL Conditions
5. Section V - Definitions
Commercial General Liability Declarations CG DS 01 10 01 - Answer: • Named Insured, Mailing Address,
Policy Period
• Limits Of Insurance
• Form Of Business. Could be more than one type depending on multiple named insureds.
• Business Description
Endorsements - Answer: Used to modify the CGL Coverage Form. May be amendatory or to meet
contractual obligations. May also be used to broaden, or to limit and/or exclude coverage.
Premises Liability - Answer: Applies to owners, landlords, and tenants and arises out of the ownership,
maintenance, or use of the named insured's premises
, Examples: A customer slips and falls on the named insured's premises. A guest drowns at a named
insured hotel's swimming pool.
Business Operations Liability - Answer: Liability arises from activities involved in the operation of an
organization including service and repair activities usually done on the premises of others, while the
activity is being conducted
Examples: A named insured contractor accidentally cuts utility lines while digging a trench. A named
insured contractor accidentally starts a fire while doing some welding.
Products Liability - Answer: Arises out of the sale, distribution or manufacture of the named insured's
product
Examples: A named insured (store or distributor) can be held liable if a consumer is injured by a food
item, a pharmaceutical item, or some other product sold by the named insured. A named insured
manufacturer can be held liable if a defective product causes bodily injury or property damage to
others.
Completed Operations Liability - Answer: Liability arises from activities involved in the operation of an
organization including service and repair activities usually done on the premises of others, after the
activity has been concluded
Examples: A named insured installs a new water heater. After installation, the water heater leaks
causing damage to the homeowners flooring. A named insured contractor repairs some stairs and
balconies at an apartment complex. A week after completion, one of the balconies collapses causing
injury to a tenant.
Contractual Liability - Answer: Arises from one party assuming responsibility of another party
Example: Lease agreements; construction contracts, etc.
Contingent Liability - Answer: Arises out of work performed for the named insured by someone else
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