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CRIS Course 3 - Auto, Surety, CIPS & Misc Lines Exam With Correct Answers.
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CRIS Course 3 - Auto, Surety, CIPS & Misc Lines Exam With Correct Answers.
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CRIS Course 3 - Auto, Surety, CIPS & MiscLines Exam With Correct Answers
Assumingballbotherbeligibilitybrequirementsbarebmet,bwhichbonebofbthebfollowingbcontractorsbwouldbqualify
bforbanbISObBOP?b-bcorrectbanswer-DabVincibPainters,babresidentialbpaintingbcompany
(thesebwouldn'tbqualify:bAvisbEscalatorbService
,BoylesbHotbTubbInstallationbandbRepairbService,bandbabGC)
b
SwansonbBuildersbhasberectedbscaffoldingbsobthatbthebbrickworkbonbthebexteriorbofbabnewbfour-
storybofficebbuildingbcanbbebcompleted.bThebscaffoldingbcollapsesbandbinjuresbabpedestrian.bUnderbwhichbp
artbofbSwanson'sbcommercialbpackagebpolicybwouldbcoveragebforbthisbincidentbbebprovided?b-
bcorrectbanswer-GLbpolicy
Commercialbgeneralbliabilitybcoveragebprotectsbthebinsuredbagainstbclaimsbfrombinjuredbthirdbparties.
AnbinsurancebagentbisbreviewingbSwansonbContracting'sbinsurancebprogrambtobensurebthatbtherebarebnobga
psbinbcoverage.bThebagentbassuresbSwansonbthatbthebcoveragebprovidedbbybthebvariousbpoliciesbwillb"dovet
ail."bThisbmeansbthat:b-bcorrectbanswer-
thebdefinitionsbofbcoveredbpropertybandbotherbpolicybprovisionsbarebdraftedbtobcreatebinbonebpolicybthebex
actbcoveragebexcludedbbybanotherbpolicy.
(Whenbpoliciesbdovetail,bthebdefinitionsbofbcoveredbpropertybandbotherbpolicybprovisionsbarebdraftedbtobcr
eatebinbonebpolicybthebexactbcoveragebexcludedbbybanotherbpolicy.)
ShortzbthebElectricianbhasbappliedbforbanbISObBOP.bTobqualifybforbthisbpolicy,bShortzbthebElectricianbmustbm
eetballbofbthebfollowingbeligibilitybrequirementsbexcept:b-bcorrectbanswer-
Salesbunrelatedbtobinstallation,bservice,borbrepairbthatbisb10bpercentborblessbofbannualbgrossbsales
(Althoughbab10bpercentbrequirementbappliesbtobsubcontractedbwork,binstallation,bservice,borbrepairbworkbi
sbsubjectbtobab25bpercentblimit.)
, ConradbConstruction'sbinsurancebprogrambisbwrittenbunderbabpackagebpolicy.bThisbmeansbthatb-
bcorrectbanswer-
Conradbhasbabsinglebpolicybthatbincludesbtwoborbmorebcoveragesbthatbcouldbalsobbebwrittenbasbseparatebpo
licies.
FlorshinebFloorbRefinishersbisbcoveredbbybabbusinessbautobpolicybwithbabMotorbCarrierbActbendorsementb(
MCS-
90).bFlorshinebusesbabvarietybofbhazardousbchemicalsbatbjobbsitesbandbtransportsbthembinbitsbfleetbofbcomm
ercialbvans.bThebMCS-90bendorsement:b-bcorrectbanswer-
demonstratesbthatbFlorshinebFloorbRefinishersbwillbbebablebtobpaybforbcertainbpollutionbliabilitybandbenviro
nmentalbrestorationbcostsbarisingboutbofbanbaccidentbthatboccursbonbabpublicbhighway.
(ThebMCS-
90bendorsementbservesbasbabfinancialbguaranteebtobthirdbpartiesbthatbthebinsuredbwillbrespondbtobcertainb
pollutionbliabilitybclaimsbarisingboutbofbanbaccident.)
Thebbusinessbautobpolicy'sb"OmnibusbClause"bprovides:b-bcorrectbanswer-
insuredbstatusbtobthosebwhobmaybbebheldbliablebforbinjuryborbdamagebarisingbfrombthebinsured'sbauto-
relatedbconduct.
(Thebomnibusbclausebautomaticallybprovidesbinsuredbstatusbtobanyonebnotbotherwisebanbinsuredbwhobisblia
blebforbthebconductbofbanbinsuredbtobthebextentbthisbotherbpartybisbvicariouslyborbstatutorilybliablebforbanot
herbinsured'sbconduct.)
SeymourbWindowsbisbapplyingbforbabBAPbwithbKarrbInsurancebCompany.bHowever,bnonebofbthebavailablebsy
mbolsbfitsbthebneedsbofbSeymourbWindowsbtobinsurebtheirbvehiclesbforbcollisionbcoverage.bWhatbcanbtheyb
do?b-bcorrectbanswer-
KarrbInsurancebCompanybcanbusebSymbolb10b(custombsymbol)bonbSeymourbWindows'bdeclarationsbpagebfo
rbcollisionbcoveragebandbdescribebSymbolb10binbthebcoveredbautobdesignationbsymbolbendorsementbinbmut
uallybagreedbterms.
(KarrbInsurancebCompanybcanbusebSymbolb10b(custombsymbol)bonbSeymourbWindows'bdeclarationsbpagebf
orbcollisionbcoveragebandbdescribebSymbolb10binbthebcoveredbautobdesignationbsymbolbendorsementbinbm
utuallybagreedbterms.)
Inbthebcontextbofbbusinessbautobinsurance,b"no-fault"bcoveragebisbalsobcommonlybknownbas:b-
bcorrectbanswer-personalbinjurybprotection
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