CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-2025 A
TUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND COR
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fpi29s
1. Premises Liability (slip and fall due to
water on the floor)
2. Operations Liability
(Tree trimmer causes damage to power
lines by removing fallen limbs)
3. Product Liability (ladder collapses
when being used as intended)
4. Completed Operations
A contractor installs a hot water heater
and leaves the home, 2 days later, water
overflows onto the floor causing damage
because the hot water heater was im-
What are 4 major loss exposures cov- properly installed.
ered by CGL Form?
5. Contractual Liability
LO1 (A contractor agrees to assume Liability
for the owner of the premises. The own-
er is sued due to the operations of the
contractor. The contractor will pay for the
Liability exposure of the owner)
6. Contingent Liability ( a GC is held liable
for work performed by a sub)
7. Personal Injury Liability - COV B
(A parent calls the Principal incompetent
at a school meeting. Due to the com-
ments, the principal sues for slander)
8. Advertising Injury Liab
COV B (copyright infringement)
, CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-2025 A
TUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND COR
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fpi29s
1. Unintentional Tort, usually based
on NEGLIGENCE. Duty owed, duty
beached, proximate cause and dam-
ages. Example- Car accident.
2. INTENTIONAL Tort, resulting in injury
or loss to another person
Libel, slander, wrongful entry or eviction,
assault/battery, wrongful detention, false
arrest, copyright infringement
What are the 4 Types of Torts?
3. STRICT Liability (products Liability)
LO2
Consumer must only prove the defect
and consequent damages to support a
NISA
cause of action against the manufactur-
er, regardless of any wrong doing on the
mfgr's part.
4. ABSOLUTE Liability is something that
is inherently dangerous such as a having
a pet boa constrictor who bites a child
Statutes are rules or laws that create
Liability ( WC, auto liab, ny disability etc)
1. Compensatory damages
General - pain and suffering
Special - $$ bills
What are two types of damages?
2. Punitive damages
Punishment, some states cover under in-
surance, some do not allow them
1. Named insureds on the dec page
What are the 3 types of insureds under
the CGL coverage form?
2. Automatic insureds (employees, vol-
unteers)
LO3
, CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST 2024-2025 A
TUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND COR
RECT DETAILED ANSWERS
Study online at https://quizlet.com/_fpi29s
3. Non-automatic insureds, addl insureds
added by Endts
1. Spouse of an individual
2. Members, partners and spouses of a
partnership or JV
Give 3 examples of other automatic in-
sureds
3. Members and managers of an LLC
LO3
4. Executive officers of a Corp, and stock-
holders
5. Trustees of a trust
1. Volunteer workers or your employees,
other than exec officers. Includes Leased
workers But not temp workers
2. Real Estate Managers
If an EE sues an Exec Officer for EE
injury, the exec officer is covered under
the GL policy, not the EL policy. Only the
Other insureds on the CGL Coverage
first named insured is covered under the
Form are
EL
LO3
They are NOT Insureds for BI or P & A
Injury to a named insured, partner, mem-
ber, employee or volunteer worker
Or
for Consequential BI or P & A Injury to
family members of an injured employee
or volunteer worker
Newly acquired or newly formed corpora-
tions qualify as named insured up to 90
days or when the policy expires, whichev-
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