Cgl - Study guides, Class notes & Summaries

AINS 103 (Latest 2023/ 2024 Update) Exploring Commercial Insurance Exam Review Questions and Verified Answers| 100% Correct| Grade A Q: Which one of the following is one of the covered causes of loss in the commercial property policy Causes of Loss—Basic form? Answer: Vandalism Q: Billy owns a baseball souvenir store in Cooperstown, NY. He insured his store under a Building and Personal Property Coverage Form (BPP) with a $275,000 limit and a $1,500 deductible. A large fire in ...

NC ADJUSTER LICENSE PRACTICE EXAM 2024/2025 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANSWER The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORRECT ANSWER Replacement cost min...

CIC Commercial Casualty CGL Exam Questions and Answer 6 Casualty exposures covered by CGL policy - Answer ️️ Premises, Business operations, Products, Completed operations, Contractual, Contingent/vicarious Premises types in CGL - Answer ️️ Any location owned, rented, leased, borrowed, or used for business Locations of business operations CGL - Answer ️️ On premises or away from premises Types of products covered by CGL - Answer ️️ Retail, wholesale, distributed, or manuf...

What are 4 major loss exposures covered by CGL Form? LO1 1. Premises Liability (slip and fall due to water on the floor) 2. Operations Liability (Tree trimmer causes damage to power lines by removing fallen limbs) 3. Product Liability (ladder collapses when being used as intended) 4. Completed Operations A contractor installs a hot water heater and leaves the home, 2 days later, water overflows onto the floor causing damage because the hot water heater was improperly installed. ...

History 105 Exam 2 - TAMU – McGlone Questions and Answers Rated A+ Why did Patriots invade Québec? (2) -They didn't want the British to be able to land in Canada and attack from the North -Wanted to kick Britain out of Canada Was the Patriot invasion of Quebec successful? No, the French liked being under British rule Who led the 2 expeditions of the Quebec invasion? General Richard Montgomery Colonel Benedict Arnold What ended Patriot invasion of Quebec? (3) Weather Disease British artill...

CIC - Commercial Casualty Questions And Verified Correct Answers What are the three basic parts of a CGL policy? - ANSWER Declarations, Coverage Form, & Endorsements What are the four parts of the CGL declarations? - ANSWER Named insured, mailing address, policy period; limits; form of business; business description What are the five sections of the CGL coverage form? - ANSWER Coverages, Who Is an Insured, Limits, Conditions, & Definitions What are the three CGL coverages? - ANSWER...

The Occurrence form it doesn't matter when the loss is reported, but the date the loss occurred must be during the policy period. The Supplemental Extended Reporting Period The cost of the endorsement may be up to 200% of the CGL's annual premium. This is a one-time charge and is fully earned at issuance. Product liability would cover Product liability applies to bodily injury the product causes away from the insured's premises. A customer contracting food poisoning is a perf...

Connecticut Casualty Adjuster Test for All Lines with correct answers + rationales. Insurer in Connecticut, Alien insurer, CGL definitions, HO-6 form, personal auto policy (PAP) coverage, Coverage A / B / C & D, Bailee, Constructive total loss, Reasonable Expectation Doctrine, Homeowners Coverage C, business adjusting claims in Connecticut, risk control, risk transference, risk retention, risk avoidance, Drive Away Liability endorsement, Drive Other Car endorsement, Business Auto policy, Per...

The term "you" is used throughout the Commercial General Liability Coverage Form. "You" is defined to include: - ️️The named insured shown in the declarations. Smart Endeavors, a retail clothing store, hired ABC Contractors to install a new air conditioning system in one of its stores. ABC misrouted some wires during the installation process, which caused the wires to overheat and caused a fire. The air conditioning unit had to be rewired, which cost $1,000. Smart Endeavors' building...

CIC Commercial Multiline Exam 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...

CISR Commercial Casualty I Lesson 1 L(Legal Liability, CGL & Additional Insureds One of 9 CISR courses to obtain Elite Designation)2023