Coverage a in the cgl - Study guides, Class notes & Summaries

GEORGIA PROPERTY & CASUALTY INSURANCE EXAM (LATEST 2024/ 2025 UPDATE) QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A Q: Once an injured employee has received benefits provided under workers' compensation, that employee may not file a suit against her employer to gain additional benefits. This is the def. of A. Contributory negligence B. the fellow servant rule C. Assumption of risk D. Exclusive remedy Answer: D. executive remedy Q: The purpose of the basic extend...

Spouses of any type of named insured are automatically considered insureds False A partnership is the only named insured listed on the CGL Declarations. A partner of the partnership buys a building in his/her own name during the policy period. A bodily injury loss occurs at the building, and the partner is sued for damages. Does the partner have insured status under the partnership's CGL Policy for this suit? NO (b/c buying a building in his own name was a side business) A nurse...

AINS 23 Exam Questions with All Correct Answers Commonly covered perils for Hull insurance - Answer- (1) Perils of the sea, including high winds, rough seas, strandings, groundings and collisions (2) Fire, lightning & earthquake (3) Barratry--serious misconduct by the captain or crew that causes damage to the vessel (4) All other like perils--this is not "all risk", only all similar perils named in the policy Commonly also includes wording to cover items like electrical breakdown, bo...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers Already Passed A single Declarations page common to all coverages A single conditions section common to all coverages A commercial package policy always includes Send the insured a reservation of rights letter If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person The basic limit for coverage F-medical payments of the standard homeowners form is nor...

yes, there would be coverage for this bodily injury claim. This is a premises exposure and the are no exclusions for this scenario. Ed has an unendorsed policy, his worker was showing a chainsaw to a client and accidentally injures the client. Would there be coverage under the CGL policy? Premises liability Business Operations liability Completed Operations liability Products liability Contractual Liability Contingent Liability Identify 6 exposures covered in the CGL Policy ...

dentify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) 1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) Occurrence Form: - BI/PD must occur during the policy period - P/Adv committed during policy period - The policy in forc...

True T/F. Commercial General Liability can be written as monoline or multi-line/package. Named Insured, mailing address, term dates, limits, form of business & business description What is covered on a CGL declarations? Section I- Coverages Section II- Who Is An Insured Section III- Limits of Insurance Section IV- CGL Conditions Section V- Definitions What are the five sections on the CGL Coverage Form? Endorsements What are used to modify an existing coverage form? ...

1) Clarence entered into a contract bond that guarantees his insulation work will be free from defects in materials and workmanship for a specified period of five years after completion of the work. The type of bond used by Clarence is a Maintenance bond. 2) Which one of the following statements is correct with respect to ocean marine loss exposures? For cargo owners, the posibility of loss to the cargo exists either on board a vessel or on land between the vessel and the cargo's point of ...

AINS Quiz | 713 Actual Test Bank Questions and Answers 100% Correct | New Update 2024 Umbrella liability policies almost always provide excess coverage over several primary policies while include all of the following, EXCEPT: - Commercial general liability - Auto liability - Replacement liability - Employers liability The coverage that an umbrella liability policy provides for claims not covered at all by the underlying policies is called - Which one of the following statements a...

AINS 23 Full Practice Exam Questions with Verified Solutions 1) Clarence entered into a contract bond that guarantees his insulation work will be free from defects in materials and workmanship for a specified period of five years after completion of the work. The type of bond used by Clarence is a Maintenance bond. 2) Which one of the following statements is correct with respect to ocean marine loss exposures? For cargo owners, the posibility of loss to the cargo exists either on boa...