Commercial casualty 1 Study guides, Class notes & Summaries

CISR Commercial Casualty I Lesson 1 L /Legal Liability, CGL & Additional Insureds One of 9 CISR courses to obtain Elite Designation

CIC - Commercial Casualty Institute Exam Questions and Answers Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) - Ans ️️ 1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) - Ans ️️ Occurrence Form: - BI/PD must occur ...

NJ Property/ Casualty Insurance Exam Set With 100% Correct Answers 2023. Why was the commercial Insurance Deregulation Act Created? 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? Commercial policies When must rate amendments & policy forms be filed with the commissioner? 30 days before What losses are excluded from...

NJ Property, Casualty, And Auto Licensing Exam With 100% Correct Answers 2023. Insuring Agreement company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions what the policy will not pay for Definitions names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage coverages under a policy that are provided by the insurer at no extra cost Casualty ...

CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass 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 Liabilit...

Commercial Casualty – CIC Exam with Verified Answers 1. What are the two promises the in- surer makes? 2. A Commercial General Liability Policy may be written as a 3. 6 different forms of business 4. The 5 sections to a CGL Form 5. Coverage C is more for 6. Premises Liabili- ty 7. Business Opera- tions Liability 8. Products Liabili- ty 1. Indemnity 2.Defense 1. Monoline Policy 2. Multi-Line Policy 1. Individual 2. Partnership 3. Joint Ventur

Areas of regulation for Intermediaries : Q-ualifaction (must pass test) O-peration of business (must follow requirements) L- Icences - Must have license L- icence Renewal - Renewed annual The Categories of insurance: : 1) Social -Workers Compensation 2) Life and Health Life, accident and sickness, and disability. 3) General property/casualty insurance Personal Property Boiler and Machinery Automobile Commercial property Crime 2 | P a g e Business interruption Liabilit...

CISR Commercial Casualty I Lesson 1 L Questions and Answers 100% Pass 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, Ab...

CISR Commercial Casualty I Lesson 1 L Verified answers latest update

NJ Property/ Casualty Insurance Exam Set With 100% Correct Answers 2023. Why was the commercial Insurance Deregulation Act Created? 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? Commercial policies When must rate amendments & policy forms be filed with the commissioner? 30 days before What losses are excluded from...