RPLU Commercial General Liability Insurance:
Overview Test | Questions and Answers Verified
100% Correct
A complete CGL Policy consists of these parts: - ✔✔Declarations, Coverage Form (occurrence
or claims-made), Endorsements/amendments/ additional exclusions, Broad form nuclear
exclusion
Section I of the Coverage Form - ✔✔Insuring agreements for coverage A,B,C. Supplementary
Payments
Section II of the Coverage Form - ✔✔Who Is an Insured?
Section III of the Coverage Form - ✔✔Limits of Insurance
Section IV of the Coverage Form - ✔✔CGL Conditions
Section V of the Coverage Form - ✔✔Definitions
Coverage A - ✔✔Bodily Injury and Property Damage
Coverage B - ✔✔Personal and Advertising Injury
Coverage C - ✔✔Medical Payments
Endorsement - ✔✔Written form attached to a policy that is used to change coverage
provisions, terms, or conditions.
, Amendment - ✔✔Written document that revises the policy's provisions, often to add to or
correct part of the policy
Exclusion - ✔✔Provision that describes exceptions to coverage
Supplementary Payments - ✔✔Additional payments made by an insurer for various costs
and expenses associated with Coverages A and B
Coverage Form - ✔✔Heart of the CGL Policy, which includes coverage insuring agreements,
definitions, limits, and exclusions that define policy coverage
Personal/ Advertising Injury - ✔✔Coverage B of the CGL occurrence form
Occurrence or Claims-Made - ✔✔Types of coverage forms available for CGL insurance
Insuring Agreement - ✔✔Part of the CGL coverage form that describes Coverages A, B, and C
Policy Conditions - ✔✔Sections IV of a CGL Policy. Describes the insurer's and insured's
rights, duties, and responsibilities.
Who Is An Insured - ✔✔Section II of a CGL coverage form that identifies who is covered
under the policy
CGL policy components - ✔✔Declarations page, coverage form, endorsements,
amendments, additional exclusions, and broad form nuclear exclusion
Medical Payments - ✔✔Coverage C of the CGL coverage form
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
