CIC COMMERCIAL CASUALTY EXAM
2024 ACTUAL EXAM COMPLETE 250
QUESTIONS WITH DEAILED
VERIFIED AND 100% CORRECT
ANSWERS ACTUAL BRAND-NEW
EXAM ALREADY GRADED A+
3.1) What are the three types of Business Auto Coverage
forms? - ....ANSWER...- BAC (Standard Business Auto
Coverage)
- Motor Carrier Coverage Form (Transport Policy)
- Auto Dealers Coverage Form (Auto Dealers Policy)
3.1) Symbol 1* - ....ANSWER...Any Auto (broadest
possible symbol)
3.1) Symbol 2* - ....ANSWER...Owned Autos Only
(automatic coverage for newly acquired autos during
policy period)
3.1) Symbol 3 - ....ANSWER...Owned Private Passenger
Autos Only (No definition of Passenger Auto)
1
,3.1) Symbol 4 - ....ANSWER...Owned Autos Other Than
Private Passenger Autos Only (No definition of Passenger
Auto)
3.1) Symbol 5 - ....ANSWER...Owned Autos Subject to
No Fault
3.1) Symbol 6 - ....ANSWER...Owned Autos Subject to a
Compulsory Uninsured Motorist Law
3.1) Symbol 7* - ....ANSWER...Specifically Described
Autos (also applies to trailers attached to specifically
described autos)
3.1) Symbol 8* - ....ANSWER...Hired Autos Only (Does
Not Include autos leased, rented, borrowed, hired from
employees or their family)
3.1) Symbol 9* - ....ANSWER...Non-Owned Autos Only
(Employee vehicles, or vehicles Named Insured does not
own but are used in connection with the business)
3.1) Symbol 19 - ....ANSWER...Mobile equipment
subject to compulsory or financial responsibility or
other motor vehicle insurance law only
2
,3.1) Vehicles added via endorsement: - ........ ANSWER...-
Golf Cart and Low Speed Vehicles (CA 04 45)
- Snowmobiles (CA 20 21)
- Mobile Equipment (CA 20 15)
3.1) What is unique about symbol 7 and automatic
coverage? - ....ANSWER...Automatic coverage only
applies if insurer already provides coverage for all
owned autos (symbol 2) or auto replaces another with
that same coverage AND notify the insurer within 30
days of purchase of new vehicle
3.1) Criteria for a trailer to be automatically covered as
an auto? - ....ANSWER...- Gross weight of less than
3000 pounds
- Registered vehicle
3.1) Automatically 'covered' autos: - ........ANSWER...-
Trailers that meet the correct criteria
- Mobile Equipment while being transported
- Any auto you do not own while used with permission
from its owner as a temp replacement while a covered
auto is undergoing maintenance
3
, 3.2) Who is considered an insured on a BAC Form? -
....ANSWER...- 'You'
- Anyone else while using a covered auto (with your
permission) you own, lease, rent, or borrow EXCEPT...
3.2) Who is NOT an insured on a BAC Form? -
....ANSWER...- The owner from who you borrow a
covered auto
- Your employee if the covered auto is owed by that
employee
- Someone using that auto while in the business of
auto repair
- Anyone other than your employees, members, partners,
etc while moving property to/from an auto
3.2) When is DOC required? - ....ANSWER...When the
owner/ceo of a business is not driving a covered auto,
and does not have a PAP (vacation rentals, borrowing
neighbors cars, etc)
3.2) Which endorsement offers coverage to an employee
as an insured who uses their own auto in the business
operations? - ....ANSWER...Employees as Insureds CA
99 33 endorsement
4
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 EliteExamsPlug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
