Cgl medical expenses Study guides, Class notes & Summaries

The Occurrence form it doesn't matter when the loss is reported, but the date the loss occurred must be during the policy period. The Supplemental Extended Reporting Period The cost of the endorsement may be up to 200% of the CGL's annual premium. This is a one-time charge and is fully earned at issuance. Product liability would cover Product liability applies to bodily injury the product causes away from the insured's premises. A customer contracting food poisoning is a perfect...

Railroad owners commonly require contractors to purchase a Railroad Protective Liability Coverage Form. Which one of the following statements about this form is true? - correct answerOne of the coverage limits applies to physical damage to property owned by or leased or entrusted to the railroad Which one of the following statements about the general aggregate limit under a Commercial General Liability (CGL) Coverage Form is true? - correct answerIt is reduced by an claims paid for medical pa...

2024 CPCU 552 REAL EXAM WITH ALL 100 QUESTIONS AND CORRECT DETAILED ANSWERS (GUARANTEED PASS!!) Assuming the policy is written on an occurrence basis, how much of the general aggregate limit, if any, remains if the following claims have been paid under the policy? -a premises/operations liability claim of $600,000 -a products liability claim of $1,200,000 $3,000 of medical expenses to a customer injured on the premises. -a personal and advertising injury liability claim of $300,000 ...

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

ACA Final Exam questions and answers well elaborated At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and writ...

2024 CPCU 552, CP&L FINAL EXAM WITH 200 QUESTIONS AND CORRECT ANSWERS (100% CORRECT) Railroad owners commonly require contractors to purchase a Railroad Protective Liability Coverage Form. Which one of the following statements about this form is true? - ANSWER-One of the coverage limits applies to physical damage to property owned by or leased or entrusted to the railroad Which one of the following statements about the general aggregate limit under a Commercial General Liability (CGL...

CGL Medical Expenses payment within how long? - Answer 1 year from Expense Date To Recover under Boiler Policy on Replacement Cost basis, insured must repair or rebuild within: - Answer 18 Months Business Income Coverage for maximum of how many days? - Answer 120 Days or 4 Months NCCI Workers Comp basic limit per minimum? - Answer $100,000 Under Workers Comp, maximum death benefit payment of $150,000 plus: - Answer Funeral Expenses up to $7,500 Limit on Pollutant Cleanup...

Casualty Insurance Exam Latest 2024 Graded A+ Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is the mo...

1) Clarence entered into a contract bond that guarantees his insulation work will be free from defects in materials and workmanship for a specified period of five years after completion of the work. The type of bond used by Clarence is a Maintenance bond. 2) Which one of the following statements is correct with respect to ocean marine loss exposures? For cargo owners, the posibility of loss to the cargo exists either on board a vessel or on land between the vessel and the cargo's point of ...

California Property and Casualty Insurance Test Questions and Answers Rated A The term "Time element Coverage" is used when the amount of loss depends on what? The time it takes to repair, rebuild, or restore damaged property. The term time element coverage is used for many indirect losses, such as a business income loss, because the amount of loss might not be directly related to the amount of property damage that occurred, but it is related to the time it takes to repair,, rebuild, or rest...