Monoline policy - Study guides, Class notes & Summaries

What are the two promises the insurer makes? CORRECT ANSWER-1. Indemnity 2.Defense A Commercial General Liability Policy may be written as a CORRECT ANSWER-1. Monoline Policy 2. Multi-Line Policy 6 different forms of business CORRECT ANSWER-1. Individual 2. Partnership 3. Joint Venture 4. Trust 5. Limited Liability Company 6. Organization, including, but not limited to corporations The 5 sections to a CGL Form CORRECT ANSWER-Section I - Coverages Coverage A - Bodily Injury and ...

CALIFORNIA COMMERCIAL INSURANCE EXAM What is a Modular Policy? - Answer- A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - Answer- A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - Answer- A Declaration Page (stating premium charges and coverage limits) A Policy Conditions...

California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024. What is a Modular Policy? - ANSWER-A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - ANSWER-A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - ANSWER-A Declaration Page (stating premium cha...

The Standard Fire Policy -1st used in 1918 in NY -Provided homeowner & commercial property protection. -ACV valuation -Named peril policy -Only covered fire & lightening "165 Line" Policy The original Standard Fire Policy spent 165 lines explaining new insurance concepts that are still used today: -Concealment & misrepresentation -Property & perils excluded from coverage -Insurance cancellation due to an increase in hazards -Obligations to a mortgagee -Insured's duties in th...

California Commercial Insurance Exam Questions and Answers (60Questions) Latest 2024. What is a Modular Policy? - ANSWER-A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - ANSWER-A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - ANSWER-A Declaration Page (stating premium cha...

What is a Modular Policy? - A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - A Declaration Page (stating premium charges and coverage limits) A Policy Conditions (six conditions that apply to the entire contract) Two or mor...

California Commercial Insurance Exam Questions and Answers 100% Pass What is a Modular Policy? - Correct Answer ️️ -A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - Correct Answer ️️ -A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - Correct Answer ️️ -A Declar...

Commercial Casualty – CIC Exam with Verified Answers 1. What are the two promises the in- surer makes? 2. A Commercial General Liability Policy may be written as a 3. 6 different forms of business 4. The 5 sections to a CGL Form 5. Coverage C is more for 6. Premises Liabili- ty 7. Business Opera- tions Liability 8. Products Liabili- ty 1. Indemnity 2.Defense 1. Monoline Policy 2. Multi-Line Policy 1. Individual 2. Partnership 3. Joint Ventur

Which policy consists of the Declarations and Conditions, Endorsements, and other attachments applicable to a single line of insurance? (a) Commercial Package (b) Monoline (c) Insurance (d) Casualty correct answers (b) Monoline A Monoline Policy contains only one coverage part page 72 A Commercial Package Policy (CPP) allows the insured to select the coverage needed and customize the policy to meet the needs of the insured's business. In a CPP, the business owner may select f...

Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers Which of the following factors concerning the Garage policy is incorrect? -Section 1 is used to list the covered autos with their appropriate symbol - section II is liability coverage - Garage Operations other than covered auto relates to the ownership, maintenance or use of covered autos - Garage operations- covered autos is a coverage available under section II liability Garage Operations other than covered au...