Cic commercial Study guides, Class notes & Summaries

CIC Commercial Multiline Exam Questions and Answers 2024.

CIC Commercial Property Exam Questions with Complete Solutions Learning Objective 1A - Rights and Duties of the first Named Insured - Answer️️ 1. Authorization to Cancel 2. Receive Cancellation 3. Make Changes with Insurer Consent 4. Responsible for Payment of Premium 5. Payee (Receiver) for Return Premium Learning Objective 1B - How does Coinsurance apply? - Answer️️ Amount Carried/Amount Required x Loss = Recovery-Deductible (Settlement) or "Did Have"/"Should Have" x Loss...

CIC Commercial Multi-line Exam Prep Questions Answers

CIC Commercial Multiline - Section 5 Excess Liability Commercial Umbrella Questions And Answers Latest |Update| Verified Answers

CIC Commercial Multiline Exam

Distinguish between Covered Property and Property Not Covered under the Businessowners Coverage Form. - Answer- Covered: Buildings: Includes PP of landlord (common areas, furnished) Covers Bridges, Retaining Walls, Wharves, Docks Replacement Cost BPP: Includes Property of Others (in CCC) Exterior Building Glass Replacement Cost Not Covered: Money/Securities Fences, radios, antennas, towers, signs (detached) plants Installed computers (in vehicles etc) Electronic Data...

Identify and describe the three primary purposes of excess liability/umbrella policies (LO1) CORRECT 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 CORRECT ANSWER-1. follow forms - hella ...

CIC Commercial Multi-line Exam Prep Questions And Answers Latest |Update| Verified Answers

CIC Commercial Property Exam Questions and Answers 2024