Cic commercial multi line - Study guides, Class notes & Summaries

CIC Commercial Multi-Line Exam Questions and Answers Latest UpdateCIC Commercial Multi-Line Exam Questions and Answers Latest Update

CIC Commercial Multi-Line Exam Questions and Answers

Describe how inland marine insurance started CORRECT ANSWER--evolved from ocean marine -filled gap in coverage as good transitioned from ocean marine -cover goods in transit over land Does inland marine also apply to instruments of transportation and communication? CORRECT ANSWER-Yes, ex. Bridges, tunnels, piers, cell towers, pipelines. What is the basic exclusion applicable to inland marine? CORRECT ANSWER-Property in a fixed location is not eligible for marine insurance Lost 4 types...

CIC COMMERCIAL MULTI-LINE EXAM PREP QUESTIONS AND ANSWERS Bailor- may have their own coverage on goods bailor policy will contain provision that prevents protection from any bailee Identify and apply Property Covered and Property Not Covered by this AAIS Builders Risk Coverage Form - Answer-Property Covered: Building/ Structure Materials to be permanetly installed backfilling, foundation, grading scaffolding temp. fencing + temp structures Property Not Covered: Contraband...

CIC Commercial Multi-Line Exam Questions and Answers

CIC Commercial Multi-Line Exam Questions and Answers

CIC Commercial Multi-line Exam Prep Questions Answers Distinguish between Covered Property and Property Not Covered under the Businessowners Coverage Form. - Answer ️️ Covered: Buildings: Includes PP of landlord (common areas, furnished) Covers Bridges, Retaining Walls, Wharves, Docks Replacement Cost BPP: Includes Property of Others (in CCC) Exterior Building Glass Replacement Cost Not Covered: Money/Securities Fences, radios, antennas, towers, signs (detached) plants Install...

CIC Commercial Multi-Line Exam Questions and Answers Latest Update..

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

CIC Commercial Multi-Line Exam Questions and Answers