CIC COMMERCIAL CASUALTY EXAM
2024 ACTUAL EXAM COMPLETE 200
QUESTIONS WITH DEAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
2.1) List reasons why a named insured may WANT to
add others as additional insured. (Two kinds of
relationships) - ....ANSWER...- Close Relationship
(club and club members, church and church
members, etc)
- Contractual Relationship (tenant-landlord, sub-GC,
lessee-rental company, manufacturer-distributer)
2.2) What problems could adding additional named
insureds cause the named insured? - ....ANSWER...-
Diminution of Policy Limits (all named insureds
share same limit)
- Unintended Coverage
,- Defense Conflicts
- Compliance Problems
2.2) What problems could becoming an additional
insured cause the additional insured? -
....ANSWER...- Loss of Defense Control
- Increased probability of disputes over coverage
- Limited Coverage under current forms
- Dependance on someone else's insurance
2.2) Would there be coverage under the Named
Insured's policy, if an additional insured is solely
negligent? (HINT: What is the exception) -
....ANSWER...No. New exclusion excludes this to limit
broader coverage. Contractual Liability may be an
exception to this
2.3) Describe the purpose, coverage provided, and
limitations, and exclusion of the 'Additional Insured -
Owners, Lessee's or Contractors - Scheduled
Persons or Organizations' CG 20 10 Endorsement -
....ANSWER...- Purpose: Used when owners, lessees,
or contractors want to be listed as additional insured
for liability
,- Coverage Provided: CGL Policy
- Limitations: Only applies to the extent permitted by
law
- Exclusion: Products/Completed Ops
- Contractual Liablity automatically included
2.3) Describe the purpose, coverage provided,
limitations, and exclusion of the 'Additional Insured -
Owners, Lessee's or Contractors - Completed
Operations' CG 20 37 Endorsement - ....ANSWER...-
Purpose: Used when owners, lessees, or contractors
want to be listed as additional insured for completed
ops
- Coverage Provided: CGL Policy
- Limitations: Only applies to the extent permitted by
law
-Exclusion: Ongoing operations
- Contractual Liability automatically included
2.3) Describe the purpose, coverage provided, and
limitations of the 'Additional Insured - Managers or
Lessors of Premises' CG 20 11 Endorsement -
....ANSWER...- Purpose: When lessors or property
, managers require they be added to a tenant's CGL
policy
- Coverage: Provides LIABILITY coverage for the
additional insured (lessor) and the named insured's
policy (lessee) while they lease/rent/manage the
premises
- Limitations: No coverage for structural
alterations/new construction, only to the extent of
the law
2.3) Describe the purpose, coverage provided,
limitations of the 'Additional Insured - Designated
Persons or Organizations' CG 20 26 endorsement. -
....ANSWER...- Purpose: Used to designate a
person/org for ongoing operations or in relationship
to the premises
- Coverage: Provides CGL coverage for ongoing
operations
- Limitations: Only to the extent of the law
2.3) Describe the purpose, coverage provided, and
limitations of the 'Additional Insured - Lessor if
Leased Equipment' CG 20 28 endorsement. -
....ANSWER...Purpose: Used when the lessor of
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