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CIC Commercial Casualty Institute exam latest/study guide questions and answers correct and verified 100%
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CIC Commercial Casualty Institute exam latest/study guide questions and answers correct and verified 100%CIC Commercial Casualty Institute exam latest/study guide questions and answers correct and verified 100% What are 4 major loss exposures covered by CGL Form? LO1 - 1. Premises Liability...

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  • September 19, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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CIC Commercial Casualty Institute exam l
kk kk kk kk kk




atest/study guide questions and answers
kk kk kk kk k




correct and verified 100%
k kk kk kk




Whatkkarekk4kkmajorkklosskkexposureskkcoveredkkbykkCGLkkForm?



LO1kk-kk1.kkPremiseskkLiabilitykk(slipkkandkkfallkkduekktokkwaterkkonkkthekkfloor)kk



2.kkOperationskkLiability

(Treekktrimmerkkcauseskkdamagekktokkpowerkklineskkbykkremovingkkfallenkklimbs)



3.kkProductkkLiabilitykk(ladderkkcollapseskkwhenkkbeingkkusedkkaskkintended)



4.kkCompletedkkOperations

Akkcontractorkkinstallskkakkhotkkwaterkkheaterkkandkkleaveskkthekkhome,kk2kkdayskklater,kkwaterkkoverflowskkontokkt
hekkfloorkkcausingkkdamagekkbecausekkthekkhotkkwaterkkheaterkkwaskkimproperlykkinstalled.



5.kkContractualkkLiability

(AkkcontractorkkagreeskktokkassumekkLiabilitykkforkkthekkownerkkofkkthekkpremises.kkThekkownerkkiskksuedkkduekktok
kthekkoperationskkofkkthekkcontractor.kkThekkcontractorkkwillkkpaykkforkkthekkLiabilitykkexposurekkofkkthekkowner)




6.kkContingentkkLiabilitykk(kkakkGCkkiskkheldkkliablekkforkkworkkkperformedkkbykkakksub)



7.kkPersonalkkInjurykkLiabilitykk-kkCOVkkB

(AkkparentkkcallskkthekkPrincipalkkincompetentkkatkkakkschoolkkmeeting.kkDuekktokkthekkcomments,kkthekkprincipalk
ksueskkforkkslander)kk




8.kkAdvertisingkkInjurykkLiab

,COVkkBkk(copyrightkkinfringement)

Whatkkarekkthekk4kkTypeskkofkkTorts?



LO2



NISAkk-
kk1.kkUnintentionalkkTort,kkusuallykkbasedkkonkkNEGLIGENCE.kkDutykkowed,kkdutykkbeached,kkproximatekkcausekk

andkkdamages.kkExample-kkCarkkaccident.kk



2.kkINTENTIONALkkTort,kkresultingkkinkkinjurykkorkklosskktokkanotherkkpersonkk

Libel,kkslander,kkwrongfulkkentrykkorkkeviction,kkassault/battery,kkwrongfulkkdetention,kkfalsekkarrest,kkcopyright
kkinfringementkk




3.kkSTRICTkkLiabilitykk(productskkLiability)

Consumerkkmustkkonlykkprovekkthekkdefectkkandkkconsequentkkdamageskktokksupportkkakkcausekkofkkactionkkagai
nstkkthekkmanufacturer,kkregardlesskkofkkanykkwrongkkdoingkkonkkthekkmfgr'skkpart.



4.kkABSOLUTEkkLiabilitykkiskksomethingkkthatkkiskkinherentlykkdangerouskksuchkkaskkakkhavingkkakkpetkkboakkconstri
ctorkkwhokkbiteskkakkchild



StatuteskkarekkruleskkorkklawskkthatkkcreatekkLiabilitykk(kkWC,kkautokkliab,kknykkdisabilitykketc)

Whatkkarekktwokktypeskkofkkdamages?kk-kk1.kkCompensatorykkdamageskk

Generalkk-kkpainkkandkksuffering

Specialkk-kk$$kkbills



2.kkPunitivekkdamages

Punishment,kksomekkstateskkcoverkkunderkkinsurance,kksomekkdokknotkkallowkkthem

Whatkkarekkthekk3kktypeskkofkkinsuredskkunderkkthekkCGLkkcoveragekkform?



LO3kk-kk1.kkNamedkkinsuredskkonkkthekkdeckkpage

, 2.kkAutomatickkinsuredskk(employees,kkvolunteers)



3.kkNon-automatickkinsureds,kkaddlkkinsuredskkaddedkkbykkEndts

Givekk3kkexampleskkofkkotherkkautomatickkinsureds



LO3kk-kk1.kkSpousekkofkkankkindividual



2.kkMembers,kkpartnerskkandkkspouseskkofkkakkpartnershipkkorkkJV



3.kkMemberskkandkkmanagerskkofkkankkLLC



4.kkExecutivekkofficerskkofkkakkCorp,kkandkkstockholders



5.kkTrusteeskkofkkakktrust

OtherkkinsuredskkonkkthekkCGLkkCoveragekkFormkkare



LO3kk-
kk1.kkVolunteerkkworkerskkorkkyourkkemployees,kkotherkkthankkexeckkofficers.kkIncludeskkLeasedkkworkerskkButkkno

tkktempkkworkerskk



2.kkRealkkEstatekkManagerskk



IfkkankkEEkksueskkankkExeckkOfficerkkforkkEEkkinjury,kkthekkexeckkofficerkkiskkcoveredkkunderkkthekkGLkkpolicy,kknotkkth
ekkELkkpolicy.kkOnlykkthekkfirstkknamedkkinsuredkkiskkcoveredkkunderkkthekkEL



TheykkarekkNOTkkInsuredskkforkkBIkkorkkPkk&kkAkkInjurykktokkakknamedkkinsured,kkpartner,kkmember,kkemployeekkorkk
volunteerkkworkerkk



Orkk

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