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CIC - Commercial Casualty Institute study guide/revision questions and answers $13.49   Add to cart

Exam (elaborations)

CIC - Commercial Casualty Institute study guide/revision questions and answers

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  • CIC - Commercial Casualty Institute

CIC - Commercial Casualty Institute study guide/revision questions and answers Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) - correct answers-1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- P...

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  • September 19, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CIC - Commercial Casualty Institute
  • CIC - Commercial Casualty Institute
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CleverCopies
CIC - gd




Commercial Casualty Institute study gui
gd gd gd gd gd




de/revision questions and answers
gd gd gd




IdentifygdthegdSpecificgdRightsgd&gdResponsibilitiesgdofgdthegdFirstgdNamedgdInsuredgd(Objectivegd#1)gd-
gdcorrectgdanswers-1-gdCancelgdPolicy



2-gdReceivegdNoticegdofgdCancellation

3-gdMakegdChangesgdtogdPolicygd(withgdInsurergdConsent)

4-gdPaymentgdofgdPremiums

5-gdPayeegdforgdReturnedgdPremium

ComparegdandgdContrastgdthegdOccurrencegdFormgdwithgdthegdClaimsgdMadegdForm,gdasgdtogdwhatgdactivatesgdco
veragegd(LearninggdObjectivegd#2)gd-gdcorrectgdanswers-OccurrencegdForm:

-gdBI/PDgdmustgdoccurgdduringgdthegdpolicygdperiod

-gdP/Advgdcommittedgdduringgdpolicygdperiod

-gdThegdpolicygdingdforcegdwhengdthegdinjurygdorgddamagegdtakesgdplacegdisgdthegdonegdthatgdresponds



ClaimsgdMadegdForm:

-gdBI/PDgdmustgdoccurgdongdorgdaftergdthegdRetrogdDategdshowngdingdDeclarations

-gdP/AdvgdmustgdhavegdbeengdcommittedgdongdorgdaftergdthegdRetrogdDate

-gdAND,gdClaimgdmustgdbegdmadegdduringgdthegdpolicygdperiodgdorgdExtendedgdReportinggdPeriod

-gdNOgdCOVERAGEgdifgdbeforegdthegdRetrogdDate

IdentifygdvariousgdLiabilitygdExposuresgd(8gdtotal)gdingdthegdCGLgdCoveragegdFormgd(gdPartgdofgdLearninggdObjectiv
egd#3)gd-gdcorrectgdanswers-1-gdPremisesgdLiability

2-gdBusinessgdOperationsgdLiability

3-gdProductsgdLiability

4-gdCompletedgdOperationsgdLiability

5-gdContractualgdLiability

6-gdContingentgdLiability

, 7-gdPersonalgdInjurygdLiability

8-gdAdvertisinggdLiability

PremisesgdLiabilitygd-gdcorrectgdanswers-Appliesgdto:

-gdOwners,gdLandlords,gdTenants

-gdArisesgdoutgdofgdthegdownership,gdmaintenancegdorgdusegdofgdthegdinsured'sgdpremises



ONLYgdappliesgdtogddesignated

-gdPremises

-gdProject

-gdOperation

BusinessgdOperationsgdLiabilitygd-gdcorrectgdanswers-
Arisesgdfromgdactivitiesgdinvolvedgdingdthegdoperationgdofgdangdorganization,gdwhilegdthegdactivitygdisgdbeinggdcon
ducted

ProductsgdLiabilitygd-gdcorrectgdanswers--
gdArisesgdoutgdofgdthegdsale,gddistributiongdorgdmanufacturegdofgdthegdproduct




-
CoveragegdbeginsgdwhengdthegdproductgdhasgdleftgdthegdNI'sgdpremisesgdandgdisgdnogdlongergdingdthegdNI'sgdposse
gd

ssion

CompletedgdOperationsgdLiabilitygd-gdcorrectgdanswers--
Arisesgdfromgdactivitiesgdinvolvedgdingdthegdoperationgdofgdangdorganization,gdaftergdthegdactivitygdhasgdbeengdcon
cluded



-gdWhengdthegdbusinessgdoperationgdisgdcompleted



-
gdIncludes:gdworkgdthatgdmaygdneedgdservice,gdmaintenance,gdcorrection,gdrepairgdorgdreplacement,gdbutgdwhich
gdisgdotherwisegdcomplete,gdwillgdbegdtreatedgdasgdcompleted



ContractualgdLiabilitygd-gdcorrectgdanswers--
gdArisesgdfromgdonegdpartygdassuminggdresponsibilitygdofgdanothergdparty




-gdLiabilitygdthatgdarisesgdfromgdangd"InsuredgdContract"

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