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NJ Casualty Test EXAM NEWEST, 2024/ 2025, ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A $18.99   Add to cart
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NJ Casualty Test EXAM NEWEST, 2024/ 2025, ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A

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NJ Casualty Test EXAM NEWEST, 2024/ 2025, ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A

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  • November 21, 2024
  • 26
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • nj casualty test exam newest actual

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  • NJ Casualty
  • NJ Casualty

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NJ Casualty Test EXAM NEWEST, 2024/ 2025, ACTUAL
EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS |ALREADY GRADED A


On a CGL, the ____1____ limits apply separately for each claim, but the

____2____ limit applies to all claims turned in during the policy period. -

......answer.....1. Occurrence.

2. Aggregate.



The CGL always contains 3 coverage sections: Part A, Part B, and Part C. There is

NO ______________. - ......answer.....Part A - Liability

Part B - Personal/Advertising Injury

Part C - Medical Payments to Others.

- THERE IS NO DEDUCTIBLES.



On a CGL Policy, the "Medical to Others" coverage applies on a __________

basis. - ......answer.....Per-person Basis.



On a CGL, the fire legal coverage applies on a ___________ basis. -

......answer.....Per-occurrence Basis.



Products Liability applies ONLY _______. - ......answer.....After the product is out

of control of the insured.

,Product Liability does NOT cover _________. - ......answer.....The cost of a recall

or resulting lost income.



An occurrence basis liability policy covers claims that occur in ____1____, even if

turned in ____2____. - ......answer.....1. The Policy Period.

2. After the Expiration Date.



The retroactive date on a claims-made CGL only applies to _____. -

......answer.....Coverage A (BI and PD).



All claims-made CGL Policies contain a basic extended reporting period (ERP),

which allow someone with a pending claim ______ after expiration to notify the

insurer. - ......answer.....60 Additional Days.



If the claimant notifies the insurer within ___1___ of the ___2___, he has up to

___3___ to turn in the claim. - ......answer.....1. 60 Days.

2. Pending Claim.

3. 5 Years.



The basic ERP is _____. - ......answer.....Free.

, The CGL Policy excludes coverage for ____________ liability, although this

coverage may be added by optional endorsements for an additional premium. -

......answer.....Pollution.



A claims made liability policy requires that the claim occur ______1______, and

be turned in ______2______ or ______3______. - ......answer.....1. After the

Retroactive Date.

2. During the Policy Period.

3. Within the ERP.



Liability covers _________ for which an insured is proven to be negligent. -

......answer.....Bodily Injury and Physical Damage.



The Auto Assigned Risk Plan provides a method for those who have been

_________. - ......answer.....Rejected in the normal market to obtain coverage.



All authorized insurers selling auto insurance must participate in the _______. -

......answer.....Auto Assign Risk Plan.



Supplementary Payments under a PAP do not ___1___ except when the insured

is attending a ___2___. The insured's injuries are ___3___. - ......answer.....1.

Cover the Insured's Loss of Earnings.

2. Hearing or Trial at the Insurer's Request.

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