CISR PERSONAL LINES MISCELLANEOUS EXAM
ACTUAL EXAM 100 QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES
|AGRADE
Terms in this set (90)
Skilled manual or mechanical work.
What is a trade?
Examples: Painter, Carpenter, Electrician, etc.
A vocation requiring advanced education and training.
What is a profession?
Examples: Physician, Dentist, Attorney, Veterinarian, etc.
An activity or pursuit in which a person is engaged; a
What is an occupation?
person's usual or principal work or business.
Part 1 - A business includes a trade, profession, or
occupation engaged in on a full-time, part-time, or
occasional basis.
What are the two parts of
the definition of "Business"?
Part 2 - A business is any activity that is engaged in for
money or other compensation unless it is one of four
cited activities.
, 1 - One or more activities for which no "insured" received
more than $2,000 in the 12 months prior to the beginning
of the policy period.
2 - Volunteer activities where no compensation is
What are the four cited
received other than reimbursement of expenses.
activities that can void the
definition of business?
3 - Home day care provided without compensation even
if there is a mutual exchange of day care services.
4 - Home day care to a relative of an "insured" even if
receiving compensation for the services.
Is coverage for a loss to the No - there is not a limitation or exclusion for a dwelling
Coverage A - Dwelling with a "business" exposure.
effected by "business" use?
What does the It automatically includes Coverage B - Other Structures
Homeowners 3 - Special coverage up to 10% of Coverage A - Dwelling limit.
Form policy automatically
include in regards to
Coverage A - Dwelling &
Coverage B - Other
Structures?
1 - An other structure that is rented or held for rental to
anyone not a tenant of the dwelling unless for use solely
as a private garage.
Under the Homeowners 3 - 2 - An other structure with a business conducted in it.
Special Form policy, what
three exclusions apply to an 3 - An other structure used to store "business" property
other structure? unless the property is both: (1) Owned solely by an
"insured" or tenant of the dwelling & (2) The "business"
property is not gaseous or liquid fuel unless it is in a
permanently installed fuel tank of a vehicle or craft
parked or stored in the structure.
, What is the Structures Used to obtain coverage for an other structure that is
Rented to Others - rented to others for use as a private residence.
Residence Premises HO 04
40 endorsement used to The other structure is described in the Schedule with a
obtain? Limit of Liability.
An other structure with an eligible incidental "business"
What is the Permitted
exposure typically offices, schools, or studios.
Incidental Occupancies -
Residence Premises HO 04
The Limit of Liability & Description of Other Structure
42 used for?
must be shown in the Schedule.
1 - $2,500.00 for personal property used primarily for
Under a standard ISO
"business" while on the "residence premises."
Homeowners policy, what
are the two Coverage C -
2 - $1,500.00 for personal property used primarily for
Personal Property Special
"business" while away from the "residence premises"
Limits of Liability that apply
to property used primarily
*The limitations do not apply to property used
for business?
occasionally for "business."
What is the Increased Limits To increase the Special Limit of Liability for "business"
on Business Property HO (personal) property on the "residence premises" to a
04 12 endorsement used maximum of $10,000.00.
for?
What limit is the Special 60% of the limit of property on the "residence premises."
Limit of Liability
automatically set to for
property away from the
"residence premises" under
the Increased Limits on
Business Property HO 04
12?
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