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
4- A Commercial Property CIC exam study guide latest questions with correct answers fall 2024 $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Commercial Property CIC
  4.  
  5. Commercial Property CIC

Exam (elaborations)

4- A Commercial Property CIC exam study guide latest questions with correct answers fall 2024
 7 views  0 purchase
  • Course
  • Commercial Property CIC
  • Institution
  • Commercial Property CIC

4- A Commercial Property CIC exam study guide latest questions with correct answers fall 2024 4- A Commercial Property CIC exam study guide latest questions with correct answers fall 2024 William owns a paint store and employs Brent. One day, while Brent is decorating the window display, he...

[Show more]

Preview 3 out of 22  pages

Document information

  • September 19, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 4 a commercial property cic exam study guide late

Written for

  • Commercial Property CIC
  • Commercial Property CIC

Seller

avatar-seller
CleverCopies

Reviews received

Content preview

4-
A Commercial Property CIC exam study g
iu iu iu iu iu iu iu




uide latest questions with correct answer
iu iu iu iu iu




s fall 2024
iu iu




WilliamiuownsiuaiupaintiustoreiuandiuemploysiuBrent.iuOneiuday,iuwhileiuBrentiuisiudecoratingiutheiuwindowiudispla
y,iuheiugetsiucarriediuawayiudancingiutoiutheiumusiciuiniuhisiuheadphones,iufallsiuoffiuhisiuladder,iuandiusmashesiuthr
oughiutheiuglass.iuWhatiupolicyiuconditioniuallowsiuWilliamiutoiucollectiuforiutheiulossiuoniuhisiuinsuranceiucontract
?



A.iuSubrogation

B.iuOtheriuinsurance

C.iuLiberalization

D.iuControliuofiupropertyiu-iucorrectiuanswers-D.iuControliuofiuproperty

Wheniuaniuinsureriudecidesiutoiunotiurenewiuaniuexistingiucommercialiupropertyiupolicy,iuitiuisiuobligediutoiufollowiu
theiuCancellationiuandiuNonrenewaliuconditioniuofiusupplyingiunoticeiutoiutheiupolicyholderiu45iudaysiuiniuadvanc
e.iuIfiutheiuinsureriufailsiutoiumeetiuthisiudeadline,iuitiumust:



A.iuofferiutheiusameiupremiumiuratesiuandiupolicyiucoverageiuasiubeforeiuforiuaniuadditionaliu3iumonths.

B.iuofferiuaniuadditionaliu30iudaysiuofiucoverageiuwithoutiuchargingiuanyiupremium.

C.iuofferiutheiusameiupremiumiuratesiuandiupolicyiucoverageiuasiubeforeiuforiuaniuadditionaliu30iudays.

D.iupayiuaiufineiuofiuupiutoiu$5,000.iu-iucorrectiuanswers-
C.iuofferiutheiusameiupremiumiuratesiuandiupolicyiucoverageiuasiubeforeiuforiuaniuadditionaliu30iudays.

AcmeiuInsuranceiuisiutryingiutoiuattractiunewiucommercialiuclients,iusoiutheyiudecideiutoiubroadeniucoverageiuforiu
businessiupersonaliupropertyiuitemsiuwithoutiuincreasingiutheiupremium.iuWhichiuconditioniuwouldiuallowiutheiu
currentiuclientsiuofiuAcmeiuInsuranceiutoiubenefitiufromiutheiunewlyiuexpandediucoverage?



A.iuPolicyiuPeriod

B.iuChangesiuiniuPolicy

C.iuLiberalization

,D.iuControliuofiuPropertyiu-iucorrectiuanswers-C.iuLiberalization

WheniuShawniupurposefullyiusetiufireiutoiuJim'siurestaurant,iuJimiuwasiucoverediuunderiuhisiucommercialiupropert
yiupolicy.iuWhichiuconditioniuallowsiuJim'siuinsureriutoiuattemptiutoiureclaimiuthoseiudamagesiufromiuShawn?



A.iuVandalism

B.iuLegaliuActioniuAgainstiutheiuInsurer

C.iuMisrepresentation

D.iuSubrogationiu-iucorrectiuanswers-D.iuSubrogation

Jimiureceivesiuaiuletteriuiniutheiumailiufromiuhisiuinsureriunotifyingiuhimiuthatiuhisiucommercialiupolicyiuwilliunotiubei
urenewediuthirtyiudaysiufromiunow.iuJimiuprotests,iusayingiuheiuneedsiuatiuleastiutwoiumonthsiutimeiutoiufindiuaiune

wiupolicy.iuJimiuendsiuupiureceivingiuaniuadditionaliu30iudays'iucoverageiuatiutheiusameiupremiumiuasiubefore,iubec
ause:



A.iuJimiuprepaysiuhisiuinsuranceiutwoiumonthsiuatiuaiutime.

B.iuJim'siuinsureriudidiunotiunotifyiuhimiubyiuphone.

C.iuJimiuisiuaniuexceptionaliunegotiator.

D.iuJim'siuinsureriudidiunotiuprovideiuhimiuwithiu45iudays'iunotice.iu-iucorrectiuanswers-
D.iuJim'siuinsureriudidiunotiuprovideiuhimiuwithiu45iudays'iunotice.

WhichiuofiutheiufollowingiuwilliuNOTiuappeariuoniutheiuDeclarationsiupageiuofiuaiucommercialiupropertyiupolicy?



A.iuAddressiuofiutheiuinsurediubusiness

B.iuCoverageiulimits

C.iuCoverageiudeductibles

D.iuCoverediuperilsiu-iucorrectiuanswers-D.iuCoverediuperils

Iniuaiutypicaliucommercialiupropertyiupolicy,iuaniuinsurediubuildingiuisiuconsiderediu"vacant"iuwhen:



A.iuforiu60iudays,iutheiubuildingiuisiueitheriuclosediuoriuhasiulessiuthaniu31%iuofiuitsiuavailableiusquareiufootageiuoccu
pied.

B.iuforiu25iudays,iutheiubuildingiuisiueitheriuclosediuoriuhasiunoiubusinessiupersonaliupropertyiulocatediuiniutheiubuild
ing.

C.iuforiu30iudays,iutheiubuildingiuisiueitheriuclosediuoriuhasiulessiuthaniu61%iuofiuitsiuavailableiusquareiufootageiuoccu
pied.

, D.iuforiu45iudays,iutheiubuildingiuisiueitheriuclosediuoriuhasiunoiubusinessiupersonaliupropertyiulocatediuiniutheiubuild
ing.iu-iucorrectiuanswers-
A.iuforiu60iudays,iutheiubuildingiuisiueitheriuclosediuoriuhasiulessiuthaniu31%iuofiuitsiuavailableiusquareiufootageiuoccu
pied.

IniutheiuBusinessiuandiuPersonaliuPropertyiuFormiuofiuaiucommercialiupropertyiupolicy,iuCoverageiuBiu-
iuBusinessiuPersonaliuPropertyiucoverageiuappliesiutoiualliuofiutheiufollowingiuEXCEPT:




A.iuLeasediuofficeiuequipment

B.iuOfficeiufurniture

C.iuCommercialiuflooring

D.iuBusinessiustockiu-iucorrectiuanswers-C.iuCommercialiuflooring

WhichiuofiutheiufollowingiuisiuNOTiuaiuuniversaliucommercialiupropertyiupolicyiuexclusion?



A.iuWarfare

B.iuFloods

C.iuEarthquakesiuandiulandiumovements

D.iuLightningiu-iucorrectiuanswers-D.iuLightning

IniutheiuBusinessiuandiuPersonaliuPropertyiuFormiuofiuaiucommercialiupropertyiupolicy,iuCoverageiuAiu-
iuBuildingsiuandiuStructuresiucoverageiuwouldiuapplyiutoiuwhichiuofiutheiufollowingiufeaturesiuofiuaiucommercialiue

nterprise?



A.iuAiusmalliucopyiumachineiuiniutheiubreakiuroom

B.iuAiu40-toniuprintingiumachineiuaffixediutoiuaiufactoryiufloor

C.iuAiubriefcaseiuleftiuiniutheiulunchroomiubyiuaiuclient

D.iuAiuleasediumainframeiucomputeriu-iucorrectiuanswers-B.iuAiu40-
toniuprintingiumachineiuaffixediutoiuaiufactoryiufloor

WheniuaiufireiuburnsiuthroughiuTheiuChronicleiunewspaperiucompany,iuitiutakesiuoutiutwoiupermanently-
installediuprintingiupresses,iuthreeiuemployees'iupersonaliulaptops,iufiveiurollsiuofiunewspaperiustock,iuandiuiniuaiut
wistiuofiuirony,iutwoiufireiuextinguishers.iuWhichiuofiutheseiuwouldiubeiucoverediuunderiuCoverageiuAiu-
iuBuildingsiuandiuStructures?




A.iuTheiuprintingiupressesiuonly

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 $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 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
$12.99
  • (0)
  Add to cart