The cgl coverage is - Study guides, Class notes & Summaries

NEW HAMPSHIRE PROPERTY & CASUALTY QUIZ QUESTIONS WITH COMPLETE SOLUTIONS 100% What is true about controlled forms? - correct answer These forms are usually issued according to published rules and rates When will an insurance company pay damages on behalf of an insured under a CGL policy? - correct answer when the company determines that the insured is legally liable A loss reserving method that establishes aggregate reserves for all claims for a single type of insurance is known as - co...

CCIFP Exam Questions & Answers | 100% Correct Answers | Verified | Latest 2024 Version What is the legal definition of a contract? What is the IRS definition? - An agreement between 2 parties that is legally binding & enforceable under applicable law. Strategic planning must consider external factors. These factors change rapidly and are outside the contractor control. - 1. Political 2. Regulatory 3. Market Outlook 4. Social 5. Technology 6. Economic Strategic planning must...

The coverage territory of the Business Auto form provides for "worldwide liability coverage" for private passenger autos that the insured: a) Hires, leases, rents or borrows without a driver while outside the United States, its territories and possessions. b) Purchases while outside the United States, its territories and possessions. c) Sells while outside the United States, its territories and possessions. d) Occupies while outside the United States, its territories and possession...

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

FLORIDA 2-20 AGENTS LICENSE EXAM REAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS AGRADE Which one of the following statements is correct with respect to the liability coverage provided by the businessowners policy (BOP)? - ANSWER>>BOP liability coverage closely resembles the coverage provided by the occurrence version of the CGL coverage form.

1. 1. The insured carries a BOP policy with protective systems such as a sprinkler system. If the system becomes inoperative, the insured must advise the insurance company of the problem within if the system cannot be restored to working order: 48 hours Your Answer 2. 2. Tina has two policies (Policy X and Policy Y) that cover the same risk on a pro rata basis. Policy X has a limit of $100,000 and Policy Y has a limit of $25,000. When Tina suffers a loss totaling $75,000, how will the two pol...

An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - Answer- The customer's car is covered for any physical damage while in the custody of the insured. Liability arising out of any of the following is excluded from the personal and advertising injury liability coverage EXCEPT - Answer- unknowingly inf...

AINS23 Practice Exam Questions and Answers All Correct Which one of the following statements is true if the named insured is an individual under the Commercial General Liability (CGL) Coverage Form? Select one: A. His or her spouse is also an insured only when specifically listed on the declarations page. B. Coverage applies only to claims arising from the conduct of a business owned solely by the named insured. C. Both the named insured and spouse are covered for their non-business activi...

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...

Types of Casualty Policies, Bonds and Related Terms Questions and Answers 100% Pass personal injury - Correct Answer ️️ -injury to a persons character advertising injury - Correct Answer ️️ -nonphysical injury to a business (defamation) coverage territory - Correct Answer ️️ --united states -US territories and possessions -Canada premise and operations - Correct Answer ️️ -hazards related to ownership, maintenance or use of the insured's premises and all business operati...