CIC - INSURANCE COMPANY OPERATIONS EXAM BUNDLE (GRADED A+)

CIC- COMMERCIAL PROPERTY EXAM QUESTIONS WITH COMPLETE ANSWERS What are the types of property not covered - Answer-1. Some excluded because it is customarily insured under another policy 2. Some excluded because it is relatively unsusceptible to loss 3. Some excluded because it's susceptible ...

CIC COMMERCIAL PROPERTY EXAM QUESTIONS WITH ANSWERS What are the 3 types of property - Answer-Building, Business Personal Property, Property of Others Name the 5 types of building property: - Answer-FOAMS - fixtures, other, additions, machinery, service Name the 7 types of business persona...

CIC COMMERCIAL PROPERTY EXAM QUESTIONS AND ANSWERS- LATEST

CIC COMMERCIAL PROPERTY EXAM PREP QUESTIONS AND ANSWERS Business Income Coinsurance formula - Answer-Amount required = (Net Income + Operating expense) x Coinsurance Amount carried = Limit of insurance Carried/ Required = Recovery *This is opposite of property coinsurance did/ should. Fo...

CIC COMMERCIAL MULTILINE EXAM QUESTIONS AND ANSWERS Possible first part losses (not all covered by insurance) - Answer-- a security breach typically results in costs/expenses to investigate the source - virus can result in loss of or damage to electronic data - ransomware infection - unaut...

CIC COMMERCIAL MULTI-LINE EXAM PREP QUESTIONS AND ANSWERS Bailor- may have their own coverage on goods bailor policy will contain provision that prevents protection from any bailee Identify and apply Property Covered and Property Not Covered by this AAIS Builders Risk Coverage Form - Answer-Pr...

CIC COMMERCIAL MULTILINE- CRIME EXAM QUESTIONS AND ANSWERS Describe and apply policy conditions pertaining to insuring Agreement A.1. Employee theft - Answer--Termination of coverage to any employee who you know had a past of dishonesty (Ex. 9 years old stealing) -Extends policy territory when...

CIC COMMERCIAL MULTILINE - INLAND MARINE BAILEE-BAILOR SEGMENT EXAM QUESTIONS WITH CORRECT ANSWERS

CIC COMMERCIAL GENERAL LIABILITY PART #4 EXAM QUESTION WITH CORRECT ANSWERS what is the Excludes damage to that particular part of any property that must be restored, repaired or replaced if the named insured's work was incorrectly performed on it (faulty workmanship) exclusion on the damage to ...

CIC COMMERCIAL GENERAL LIABILITY PART #3 EXAM QUESTIONS AND ANSWERS What is an obligation to indemnify municipality in the insured contract? - Answer-ordinance in place that requires any damage that arises from that object to indemnify the city from damages and the insured is responsible for thos...

CIC COMMERCIAL CASUALTY KNOWLEDGE CHECKS EXAM QUESTIONS AND ANSWERS

CIC CLASS - COMMERCIAL PROPERTY EXAM QUESTIONS AND ANSWERS 5 Things that are Building - Answer--Completed additions -Fixtures, including outdoor fixtures -permanently installed machinery & equipment -Personal property used to service the building/premises -If NOT COVERED BY OTHER INSURANCE ...

CIC CASUALTY GENERAL LIABILITY CGL SECTION EXAM QUESTIONS AND ANSWERS KNOWN injury or damage applicability - Answer-BI or PD known to have occurred prior to the policy period is NOT covered -> if previously known, any continuation, change or resumption of such BI or PD is also not covered E...

CIC CASUALTY BUSINESS AUTO SECTION EXAM QUESTIONS WITH COMPLETE ANSWERS - insured status extends to resident spouse, but not to family members; would need to schedule family for coverage to apply to them Endorsement: Employees As Insureds CA - Answer-Used to provide insured status to any empl...

CIC CASUALTY ASSESSMENT TEST REVIEW EXAM QUESTIONS WITH CORRECT ANSWERS

CIC AGENCY MANAGEMENT EXAM QUESTIONS AND ANSWERS

CIC ADDITIONAL INSURED CONCEPTS AND ENDORSEMENTS EXAM QUESTIONS WITH COMPLETE ANSWERS

CIC & PMM SITE MANAGEMENT EXAM QUESTIONS WITH CORRECT ANSWERS LATEST

CIC - PERSONAL LINES ASSESSMENT TEST QUESTIONS WITH COMPLETE ANSWERS

CIC - PERSONAL LINES – STUDY GUIDE EXAM QUESTIONS WITH CORRECT ANSWERS

CIC - PERSONAL LINES - AUTO POLICY EXAM QUESTIONS AND ANSWERS

CIC - INSURANCE COMPANY OPERATIONS EXAM QUESTIONS WITH COMPLETE ANSWERS

CIC - COMMERCIAL CASUALTY INSTITUTE EXAM QUESTIONS AND ANSWERS