Commercial casualty exam - Study guides, Class notes & Summaries

5 Parts that make up the Business Auto Policy - correct answer 1. Common Policy Declarations 2. Common Policy Conditions 3. Business Auto Declarations 4. Business Auto Coverage Forms 5. Endorsements The Business Auto Coverage Form - correct answer Designed to provide coverage for most Business Risks (Including auto service and auto repair) The Motor Carrier Coverage Form - correct answer Designed for businesses that transport materials, commodities, and goods for themselves as well as ...

Legal Liability - correct answer A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - correct answer Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - correct answer Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) - correct answ...

CIC - Commercial Casualty Exam-Questions with Correct Answers/ Verified/ Latest (2024/2025)

CIC Commercial Casualty Exam-Questions with Correct Answers/ Verified/ Latest (2024/2025)

NJ Property/ Casualty Insurance Exam Set with Complete Solutions Why was the commercial Insurance Deregulation Act Created? - ANSWER-To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - ANSWER-Commercial policies When must rate amendments & policy forms be filed with the commissioner? - ANSWER-30 days before What losses...

Commercial Casualty - CIC Exam 2023...

Xcel Solutions Property & Casualty Exam Questions and Answers An earned premium resulting from the cancellation of a policy is calculated on: - Correct Answer ️️ -On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: - Correct Answer ️️ -Excess Direct Coverage An insurance company writing business in a state o...

CIC Commercial Casualty Exam-Questions with Correct Answers/ Verified/ Latest (2024/2025)

CIC Commercial Casualty Exam-Questions with Correct Answers/ Verified/ Latest (2024/2025)

CIC COMMERCIAL CASUALTY EXAM 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS WITH DEAILED VERIFIED AND 100% CORRECT ANSWERS ACTUAL BRAND-NEW EXAM ALREADY GRADED A+