ACSR EXAM PACKAGE DEAL GRADED A+

Additional Insured—Owners, Lessees, or Contractors—Scheduled Person or Organization - This endorsement is used when a property owner enters into a construction agreement with a general contractor and requests the general contractor to make the property owner an additional insured under the ge...

___ identifies the persons and organizations that qualify as insureds under the CGL coverage form. - Section II—Who Is An Insured The ____ may be an individual, a partnership, a joint venture, a corporation, a limited liability company (LLC), or a trust. - Named Insured (T/F) Employees of the ...

A claim that is characterized by an extended delay between the claim's triggering event and the reporting of the event to the insurer. - Long-Tail Claim The most commonly used standard form for providing CGL insurance is the ____ of Insurance Services Office (ISO). This coverage form can be comb...

3 reasons for additional coverage - - some additional coverages do not fit into the ABC or D groups - some additional coverages address items that are excluded from the full coverage under A B or C, and for which modest amounts f coverage are added back - perils of collapse is defined within add...

6 Common Causes of E&O Claims - 1. Changes in Products 2. Customer Relationships 3. Company Relationships 4. Litigation to seek payment 5. Coverage Expectations 6. Insufficient Documentation claims-made basis - coverage is triggered from a claim first made during the policy period. 4 Typical ...