Commercial casualty - Study guides, Class notes & Summaries

CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS

Areas of regulation for Intermediaries - Q-ualifaction (must pass test) O-peration of business (must follow requirements) L- Icences - Must have license L- icence Renewal - Renewed annual The Categories of insurance: - 1) Social -Workers Compensation 2) Life and Health Life, accident and sickness, and disability. 3) General property/casualty insurance Personal Property Boiler and Machinery Automobile Commercial property Crime Business interruption Liability Aviation Marine Inla...

What are 4 major loss exposures covered by CGL Form? LO1 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 improperly installed. ...

CIC - Commercial Casualty Exam Update | CIC - Commercial Casualty Actual Exam Update Questions and Correct Answers Rated A+

CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

CIC - Commercial Casualty Questions And Verified Correct Answers What are the three basic parts of a CGL policy? - ANSWER Declarations, Coverage Form, & Endorsements What are the four parts of the CGL declarations? - ANSWER Named insured, mailing address, policy period; limits; form of business; business description What are the five sections of the CGL coverage form? - ANSWER Coverages, Who Is an Insured, Limits, Conditions, & Definitions What are the three CGL coverages? - ANSWER...

CIC Commercial Casualty CGL Exam Questions and Answer 6 Casualty exposures covered by CGL policy - Answer ️️ Premises, Business operations, Products, Completed operations, Contractual, Contingent/vicarious Premises types in CGL - Answer ️️ Any location owned, rented, leased, borrowed, or used for business Locations of business operations CGL - Answer ️️ On premises or away from premises Types of products covered by CGL - Answer ️️ Retail, wholesale, distributed, or manuf...

CIC COMMERCIAL CASUALTY INSTITUTE EXAM NEWEST ACTUAL EXAM AND PRACTICE EXAM COMPLETE 220 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

Commercial Casualty II – CISR Questions And Answers 2023

Legal Liability - A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) - 1. Duty owed by negligent party to another party, 2. Breach o...