CIC COMMERCIAL CASUALTY EXAMS PACKAGE DEAL

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. C...

CIC- Commercial Casualty Workers Compensation and Employers Liability actual exam with 100% correct answers(latest update)

CIC Commercial Casualty actual exam with 100% correct answers(latest update)

yes, there would be coverage for this bodily injury claim. This is a premises exposure and the are no exclusions for this scenario. Ed has an unendorsed policy, his worker was showing a chainsaw to a client and accidentally injures the client. Would there be coverage under the CGL policy? Pr...

True T/F. Commercial General Liability can be written as monoline or multi-line/package. Named Insured, mailing address, term dates, limits, form of business & business description What is covered on a CGL declarations? Section I- Coverages Section II- Who Is An Insured Section III...

Identify the rights and responsibilities of the first NI. 1. Authorize or cancel the policy 2. Receive notice of cancellation 3. Authorized to make changes in terms of policy with insurer's consent 4. Responsible for payment 5. Payee for return premiums Compare and contrast the Occurren...

Spouses of any type of insured are automatically considered insureds False; spouses are only allowed automatic insured status if named insured is individual or partnership/joint venture Partnership is the only named insured listed on CGL. A parter of the partnership buys a building in his ow...

LO/1- Auto Symbol 1 Any Auto- Liability Only Symbol 2 Owned "Auto" Only Symbol 3 Owned Private Passenger "Autos" only Symbol 4 Owned "Autos" Other than Private Passenger Symbol 5 Owned "Autos" Subject to No-Fault (Not used in KY) Symbol 6 Owned "Aut...

Endorsements used to modify coverage extensions (6) 1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement co...

CIC Commercial Property Exam Prep actual exam with 100% correct answers(latest update)

Auto o A land motor vehicle; trailer or semitrailer designed for travel on public roads o Land vehicle subject to a compulsory, financial responsibility, or other motor vehicle insurance law where licensed or principally garaged o Does not include mobile equipment as defined Trailer Inclu...

2.1 Given a loss situation, determine whether or not a loss is covered by the Basic, Broad, or Special Causes of Loss Forms and give reasons for your answer Basic Form CP1010 Broad Form* FLEWSARV LSV Fire* Lightning* Explosion* Windstorm or Hail* Smoke* Aircraft or Vehicles* Riot or Civil ...

Describe how inland marine insurance started -evolved from ocean marine -filled gap in coverage as good transitioned from ocean marine -cover goods in transit over land Does inland marine also apply to instruments of transportation and communication? Yes, ex. Bridges, tunnels, piers, cell...