100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024 $11.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Commercial Casualty – CIC
  4.  
  5. Commercial Casualty – CIC

Exam (elaborations)

Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024
 5 views  0 purchase
  • Course
  • Commercial Casualty – CIC
  • Institution
  • Commercial Casualty – CIC

Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024Commercial Casualty – CIC/latest exam questions and answers correct and verified 100% > fall 2024 What are the two promises the insurer makes? - correct answers-1. Indemnity 2.Defense A...

[Show more]

Preview 4 out of 38  pages

Document information

  • September 19, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • commercial casualty ciclatest exam questions an

Written for

  • Commercial Casualty – CIC
  • Commercial Casualty – CIC

Seller

avatar-seller
CleverCopies

Reviews received

Content preview

Commercial Casualty – gd gd




CIC/latest exam questions and answers
gd gd gd gd gd gd




correct and verified 100% > fall 2024
gd gd gd gd gd gd




Whatgdaregdthegdtwogdpromisesgdthegdinsurergdmakes?gd-gdcorrectgdanswers-1.gdIndemnity

2.Defense

AgdCommercialgdGeneralgdLiabilitygdPolicygdmaygdbegdwrittengdasgdagd-gdcorrectgdanswers-1.gdMonolinegdPolicy

2.gdMulti-LinegdPolicy

6gddifferentgdformsgdofgdbusinessgd-gdcorrectgdanswers-1.gdIndividual

2.gdPartnership

3.gdJointgdVenture

4.gdTrust

5.gdLimitedgdLiabilitygdCompany

6.gdOrganization,gdincluding,gdbutgdnotgdlimitedgdtogdcorporations

Thegd5gdsectionsgdtogdagdCGLgdFormgd-gdcorrectgdanswers-SectiongdIgd-gdCoverages

CoveragegdAgd-gdBodilygdInjurygdandgdPropertygdDamage
gd



CoveragegdBgd-gdPersonalgdandgdAdvertisinggdInjury
gd



CoveragegdCgd-gdMedicalgdPayments
gd



SectiongdIIgd-gdWhogdisgdangdInsured?

SectiongdIIIgd-gdLimitsgdofgdInsurance

SectiongdIVgd-gdCGLgdConditions

SectiongdVgd-gdDefinitions

CoveragegdCgdisgdmoregdforgd-gdcorrectgdanswers-Ongdthegdpremisesgdandgdaroundgdthegdpremises



Operations-gdawaygdfromgdthegdpremises

PremisesgdLiabilitygd-gdcorrectgdanswers-
owners,gdlandlords,gdandgdtenantsgdandgdarisesgdoutgdofgdthegdownership,gdmaintenance,gdorgdusegdofgdthegdinsu
red'sgdpremises

,BusinessgdOperationsgdLiabilitygd-gdcorrectgdanswers-
Activatesgdinvolvedgdingdthegdoperationgdofgdangdorganizationgdincludinggdservicegdrepairgdactivitiesgdusuallygddo
negdongdthegdpremisesgdofgdothers,gdwhilegdthegdactivitygdisgdbeinggdconducted



STILLgdINgdTHEgdHANDSgdOFgdTHEgdINSUREDS

ProductsgdLiabilitygd-gdcorrectgdanswers-
Arisesgdoutgdofgdthegdsale,gddistributiongdorgdmanufacturegdofgdthegdnamedgdinsured'sgdproductgd



CoveragegdbeginsgdwhengdthegdproductgdhasgdLEFTgdTHEgdNAMEDgdINSURED'SgdPREMISESgdandgdisgdnogdlongergdi
ngdthegdnamedgdinsured'sgdpossessions

Productsgd-gdCompletedgdOperationsgdHazardgdincludesgd-gdcorrectgdanswers-
allgdBIgdandgdPDgdoccurringgdawaygdfromgdpremisesgdyougdowngdorgdrentgdandgdarisinggdoutgdofgd"yourgdproduct"gd
orgd"yourgdwork"gdexcept:



1.gdProductsgdthatgdaregdstillgdingdyourgdphysicalgdpossession

2.gdWorkgdthatgdhasgdnotgdyetgdbeengdcompletedgdorgdabandoned.

IngdProductsgd-
gdCompletedgdOperationsgdHazardgd"yourgdwork"gdwillgdbegddeemedgdcompletedgdatgdthegdearliestgdofgdthegdfollo

winggdtimes:gd-gdcorrectgdanswers-
1.gdWhengdallgdofgdthegdworkgdtogdbegddonegdatgdthegdjobgdsitegdhasgdbeengdcompleted

2.gdWhengdallgdofgdthegdworkgdtogdbegddonegdatgdthegdjobgdsitegdhasgdbeengdcompletedgdifgdyourgdcontractgdcallsgdfo
rgdworkgdatgdmoregdthangdonegdjobgdsite

3.gdWhengdthatgdpartgdofgdthegdworkgddonegdatgdagdjobgdsitegdhasgdbeengdputgdtogditsgdintendedgdusegdbygdanygdpers
ongdorgdorganizationgdothergdthangdanothergdcontractorgdorgdsubcontractorgdworkinggdongdthegdsamegdproject

"YourgdProduct"gdmeansgd-gdcorrectgdanswers-
anygdgoodsgdorgdproductsgdothergdthangdrealgdproperty,gdmanufactyured,gdsold,gdhandled,gddistributedgdorgddisp
osedgdofgdby:gdyou,gdothersgdtradinggdundergdyourgdname,gdorgdagdpersongdorgdorganizationgdwhosegdbusinessgdorg
dassetsgdyougdhavegdacquired



Yourgdproductgdalsogdincludesgd-gdcorrectgdanswers-
Containersgd(othergdthangdvehicles),gdmaterials,gdpartsgdorgdequipmentgdfurnishedgdingdconnectiongdwithgdsuchg
dgoodsgdorgdproductsgdIncluding:




-
Warrantiesgdorgdrepresentationsgdmadegdatgdanygdtimegdwithgdrespectgdtogdthegdfitness,gdquality,gddurability,gdpe
rformancegdorgdusegdofgd"YourgdProduct"

,-gdThegdprovidinggdofgdorgdfailuregdtogdprovidegdwarninggdorgdinstructions

-
gdDoesgdnotgdincludegdvendinggdmachinesgdorgdothergdpropertygdrentedgdtogdorgdlocatedgdforgdthegdusegdofgdothers
gdbutgdnotgdsold



"YourgdWork"gdmeansgd-gdcorrectgdanswers-1.gdWorkgdorgdoperationsgdperformedgdbygdyougdorgdongdyourgdbehalf

2.gdMaterials,gdpartsgdorgdequipmentgdfurnishedgdingdconnectiongdwithgdsuchgdworkgdorgdoperationsgdincluding:



-
Warrantiesgdorgdrepresentationsgdmadegdatgdanygdtimegdwithgdrespectgdtogdthegdfitness,gdquality,gddurability,gdpe
rformancegdorgdusegdofgd"YourgdWork"

-gdThegdprovidinggdofgdorgdfailuregdtogdprovidegdwarninggdorgdinstructions

CompletedgdOperationgdLiabilitygd-gdcorrectgdanswers-
Arisesgdfromgdactivitiesgdinvolvedgdingdthegdoperationgdofgdangdorganizationgdincludinggdservicegdandgdrepairgdacti
vitiesgdusuallygddonegdongdthegdpremisesgdofgdothers,gdaftergdthegdactivitygdhasgdbeengdconcluded



CoveragegdbeginsgdWHENgdTHEgdBUSINESSgdOPERATIONgdISgdCOMPLETEDgd-
gdNOgdLONGERgdINgdINSUREDSgdHANDS




Workgdthatgdmaygdneedgdservice,gdmaintenance,gdcorrection,gdrepairgdorgdreplacement,gdbutgdwhichgdisgdotherw
isegdcomplete,gdwillgdbegdtreatedgdasgdcomplete



ex.gdFoodgdconsumptiongdongdthegdnamedgdinsured'sgdpremises

LiabilitygdExposuresgdundergdCoveragegdAgd-gdcorrectgdanswers--Premisesgd

-Operations

-Products

-CompletedgdOperations

-Contractual

-Contingent

ContractualgdLiabilitygd-gdcorrectgdanswers-
Arisesgdfromgdonegdpartygdassuminggdresponsibilitygdofgdanothergdparty



-Arisesgdfromgdangdinsuredgdcontractgdorgdothergdcontractualgdobligationsgd

, ex.gdtenantgd-gdLandlord,gdSubcontractorgd-gdGeneralgdContractor



Coveragegdisgdprovidedgdfor:



1.gdLiabilitygdingdabsencegdofgdthegdcontract

2.Liabilitygdassumedgdingdagdcontractgdorgdagreementgdthatgdisgdangdinsuredgdcontractgdandgdonlygdwithgdrespectgd
togdinjurygdorgddamagegdthatgdoccursgdaftergdthegdcontractgdisgdexecuted

Whatgdkindgdofgdcontractgdforgdagdleasegdofgdpremisesgdisgdnotgdconsideredgdangdinsuredgdcontract?gd-
gdcorrectgdanswers-

thegdportiongdofgdthegdcontractgdforgdagdleasegdofgdpremisesgdthatgdindemnifiesgdanygdpersongdorgdorganizationgdf
orgddamagegdbygdfiregdtogdpremisesgdwhilegdrentedgdtogdyougdorgdtemporarilygdoccupiedgdbygdyougdwithgdpermissi
ongdofgdthegdowner

Endorsementsgdthatgdmodifygdthegdinsuredsgdcontractgddefintiongd-gdcorrectgdanswers-
Amendmentgdofgdinsuredgdcontractgddefinitiongd-
gdeliminatesgdcoveragegdforgdthegdsolegdnegligencegdofgdthegdindemniteegdundergdparagraphgdf




ContractualgdLiabilitygdLimitationgd-gdEliminatesgdthegddefintiongdofgdinsuredgdcontract



ContractualgdLiabilitygd-gdRailroadsgd-
gdGivesgdbackgdcoveragegdforgdconstructiongdorgddemolitiongdoperationsgdongdorgdwithingd50gdfeetgdofgdagdrailroad



Whatgdisgdangdexceptiongdingdanygdeasementgdorgdlicensegdagreement?gd-gdcorrectgdanswers-
connectiongdwithgdconstructiongdorgddemolitiongdoperationgdongdorgdwithingd50gdfeetgdofgdagdrailroad

HoldgdHarmlessgdagreementgdorgdIndemnitygdagreementgd-gdcorrectgdanswers-
ongdpartygd(thegdindemnitor)gdpromisesgdtogdreimburse,gdandgdingdsomegdcasesgddefendgdthegdothergdpartygd(theg
dindemnitee)gdagainstgdclaimsgdorgdsuitsgdbroughtgdagainstgdthegdindemniteegdbygdagdthirdgdparty



Thegdpurposegdofgdagdholdgdharmlessgdagreementgd-gdcorrectgdanswers-
togdtransfergdthegdriskgdofgdfinancialgdlossgdfromgdonegdpartygd(thegdindemnitee)gdtogdanothergdpartygd(thegdindem
nitor)

Indemnitorgd-gdcorrectgdanswers-
thegdpersongdorgdorganizationgdthatgdholdsgdanothergd(thegdindemnitee)gdharmlessgdingdagdcontractgd



ex.gdsubgdcontractorgd-gdtheygdwouldgdrespondgdtogdthegdsuitgdbcgdtheygdheldgdthegdgeneralgdcontractorgdharmless

Indemniteegd-gdcorrectgdanswers-
Thegdpersongdorgdorganizationgdthatgdisgdheldgdharmlessgdingdagdcontractgd(thegdindemnitor)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller CleverCopies. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81311 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.99
  • (0)
  Add to cart