Monoline policy - Study guides, Class notes & Summaries
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Commercial Casualty questions with correct answers
- Exam (elaborations) • 52 pages • 2023
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What are the two promises the insurer makes? CORRECT ANSWER-1. Indemnity 
2.Defense 
 
A Commercial General Liability Policy may be written as a CORRECT ANSWER-1. Monoline Policy 
2. Multi-Line Policy 
 
6 different forms of business CORRECT ANSWER-1. Individual 
2. Partnership 
3. Joint Venture 
4. Trust 
5. Limited Liability Company 
6. Organization, including, but not limited to corporations 
 
The 5 sections to a CGL Form CORRECT ANSWER-Section I - Coverages 
 Coverage A - Bodily Injury and ...
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CALIFORNIA COMMERCIAL INSURANCE EXAM
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CALIFORNIA COMMERCIAL INSURANCE EXAM 
What is a Modular Policy? - Answer- A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. 
 
What is a Commercial Package Policy (CPP)? - Answer- A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. 
 
What must a CPP policy consist of? - Answer- A Declaration Page (stating premium charges and coverage limits) 
A Policy Conditions...
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024.
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024. 
What is a Modular Policy? - ANSWER-A modular policy is a policy consisting of several 
different documents, none of which by itself forms a complete contract. 
What is a Commercial Package Policy (CPP)? - ANSWER-A Commercial Package 
Policy is a modular policy that combines different forms and more than one line of 
coverage. 
What must a CPP policy consist of? - ANSWER-A Declaration Page (stating premium 
cha...
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Adjuster Pro Module 3-A Homeowners & 3 A.1 Tx HO Supplemental WITH 100% CORRECT ANSWERS 2024
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The Standard Fire Policy 
-1st used in 1918 in NY 
-Provided homeowner & commercial property protection. 
-ACV valuation 
-Named peril policy 
-Only covered fire & lightening 
 
 
 
"165 Line" Policy 
The original Standard Fire Policy spent 165 lines explaining new insurance concepts that are still used today: 
-Concealment & misrepresentation 
-Property & perils excluded from coverage 
-Insurance cancellation due to an increase in hazards 
-Obligations to a mortgagee 
-Insured's duties in th...
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024.
- Exam (elaborations) • 8 pages • 2024
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California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024. 
What is a Modular Policy? - ANSWER-A modular policy is a policy consisting of several 
different documents, none of which by itself forms a complete contract. 
What is a Commercial Package Policy (CPP)? - ANSWER-A Commercial Package 
Policy is a modular policy that combines different forms and more than one line of 
coverage. 
What must a CPP policy consist of? - ANSWER-A Declaration Page (stating premium 
cha...
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California Commercial Insurance Exam Questions and Answers 100% Pass
- Exam (elaborations) • 14 pages • 2024
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California Commercial Insurance Exam 
Questions and Answers 100% Pass 
What is a Modular Policy? - Correct Answer ️️ -A modular policy is a policy consisting 
of several different documents, none of which by itself forms a complete contract. 
What is a Commercial Package Policy (CPP)? - Correct Answer ️️ -A Commercial 
Package Policy is a modular policy that combines different forms and more than one 
line of coverage. 
What must a CPP policy consist of? - Correct Answer ️️ -A Declar...
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California Commercial Insurance Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 10 pages • 2024
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What is a Modular Policy? - A modular policy is a policy consisting of several different documents, 
none of which by itself forms a complete contract. 
What is a Commercial Package Policy (CPP)? - A Commercial Package Policy is a modular policy that 
combines different forms and more than one line of coverage. 
What must a CPP policy consist of? - A Declaration Page (stating premium charges and coverage 
limits) 
A Policy Conditions (six conditions that apply to the entire contract) 
Two or mor...
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Commercial Casualty – CIC Exam with Verified Answers
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Commercial Casualty – CIC Exam with Verified Answers 
1. What are the two 
promises the in- 
surer makes? 
2. A Commercial 
General Liability 
Policy may be 
written as a 
3. 6 different forms 
of business 
4. The 5 sections to 
a CGL Form 
5. Coverage C is 
more for 
6. Premises Liabili- 
ty 
7. Business Opera- 
tions Liability 
8. Products Liabili- 
ty 
1. Indemnity 
2.Defense 
1. Monoline Policy 
2. Multi-Line Policy 
1. Individual 
2. Partnership 
3. Joint Ventur
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Exam FX Louisiana Property—commercial (A+ GUARANTEED)
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Which policy consists of the Declarations and Conditions, Endorsements, and other attachments applicable to a single line of insurance? 
 
(a) Commercial Package 
(b) Monoline 
(c) Insurance 
(d) Casualty correct answers (b) Monoline 
 
A Monoline Policy contains only one coverage part 
 
page 72 
 
A Commercial Package Policy (CPP) allows the insured to select the coverage needed and customize the policy to meet the needs of the insured's business. In a CPP, the business owner may select f...
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Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers
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Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers 
Which of the following factors concerning the Garage policy is incorrect? 
-Section 1 is used to list the covered autos with their appropriate symbol 
- section II is liability coverage 
- Garage Operations other than covered auto relates to the ownership, maintenance or use of covered autos 
- Garage operations- covered autos is a coverage available under section II liability 
Garage Operations other than covered au...
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