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ACSR 8 - Additional Exam Info (Coverage Forms, Symbols, Endorsements, etc.) exam questions with correct answers.

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Employees As Insureds - This commercial auto endorsement (CA 99 33) may be used to extend nonowner liability coverage to cover the individual liability of employees while they are using their own autos in the employer's business. Employee Hired Autos - This business auto policy (BAP) endorsement...

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ACSR 7 - Commercial Liability Endorsements, Rating, and Other Liability Forms Questions With Complete Answers.

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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...

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ACSR 7 - Commercial General Liability Insurance, Part II Questions Correctly Answered Already Passed!!

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___ 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 ...

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ACSR 7 - Commercial General Liability Insurance, Part I Questions With 100% Correct Answers.

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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...

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ACSR 01 Insurance Questions With 100% Correct Answers.

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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...

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ACSR Errors & Omissions Test Questions & Answers Verified 100% Correct!!

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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 ...

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