Cic commercial multiline - Study guides, Class notes & Summaries

Identify the reasons for purchasing commercial crime insurance based on the exclusions and limitations of the Building and Personal Property Coverage Form with Causes Of Loss- Special Form CORRECT ANSWER-Commercial Property policy does not cover: accounts, bills, currency, money, notes, food stamps or other evidences of debt,etc... limitations of the C.P.= -doesn't pay for mysterious disapperance -not covered for unathuorized property transfer -small limits ($2.5k) -does not pay for d...

CIC Commercial Multiline Section 3 Crime Exam Questions and Answers Identify the reasons for purchasing commercial crime insurance based on the exclusions and limitations of the Building and Personal Property Coverage Form with Causes Of Loss- Special Form - Answer ️️ Commercial Property policy does not coverage bills, currency, money, notes, accounts etc... limitations of the C.P.= -doesn't pay for mysterious disapperance -not covered for unathuorized property transfer -small limi...

Reasons to have Umbrella CORRECT ANSWER-1. Provides additional limits that are excess over underlying limits of insurance 2. Provides primary coverage when an underlying policy does not respond because aggregate limit has been exhausted. 3. Provides broader coverage than existing underlying insurance. Solutions for NI who have policies with Nonconcurrent Dates CORRECT ANSWER-1. Write policy in short term 2. Cancel and rewrite 3. Endorse to reinstate reduced limits 4. Endorse the excess w...

Identify and describe the three primary purposes of excess liability/umbrella policies (LO1) -Answer 1. Provide additional limits that are excess over underlying limits of insurance 2. Provide primary coverage when underlying poliy does not respond beacuse its aggregate limits of insruance are exhausted. 3. Provide broader coverage than the exsiting underlying insurance excess liability coverage forms and commercial umbrella liability policy -Answer 1. follow forms - hella short - "b...

CIC Commercial Multiline Exam questions with correct answers

CIC Commercial Multiline Exam Questions and Answers 2024.

Identify and describe the three primary purposes of excess liability/umbrella policies (LO1) - Answer-1. Provide additional limits that are excess over underlying limits of insurance 2. Provide primary coverage when underlying policy does not respond because its aggregate limits of insurance are exhausted. 3. Provide broader coverage than the exsiting underlying insurance excess liability coverage forms and commercial umbrella liability policy - Answer-1. follow forms - hella short - "...

CIC Commercial Multiline Exam questions with correct answers

CIC Commercial Multiline Section 3 Crime

CIC COMMERCIAL MULTILINE EXAM QUESTIONS WITH CORRECT ANSWERS