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CIC COMMERCIAL MULTILINE - SECTION 5 EXCESS LIABILITY,COMMERCIAL UMBRELLA 1. Identify the three primary Purposes of Excess liability & Umbrella liability policies. Excess Liab - LO1: 1. Provides additional limits that are excess over underlying limits of insurance. ie: Auto Loss 1.8M. 2. Provides primary coverage when underlying poliy does not respond beacuse its aggregate limits of insurance are exhausted. ie: 2 GL claims 500k each; 3rd claim of $300k w/b paid by EL. It would drop down ...

CIC COMMERCIAL CASSUALTY QUESTIONS AND ANSWERS 1. 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? 2. Premises liability Business Operations liability Completed Operations liability Products liability Contractual Liability Contingent Liability: Iden...

DOULA CERTIFICATION QUESTIONS AND ANSWERS 1. 1. Which of the following is not a responsibility of the doula?: a. Providing emotional, spiritual, and physical support for the expectant mother and her partner throughout the pregnancy. b. To provide only information that is based on evidence. c. To advise the mother and her partner what the doula believes is best for them. d. Meet the mother's primary healthcare provider. ANSWER: C 2. 2. The technique of attention focusing:: a. Always use...

CIC COMMERCIAL MULTILINE EXAM QUESTIONS AND ANSWERS 1. Identify and describe the three primary purposes of excess liability/umbrel- la policies (LO1): 1. Provide additional limits that are excess over underlying limits of insurance 2. Provide primary coverage when underlying poliy does not respond beacuse its aggregate limits of insruance are exhausted. 3. Provide broader coverage than the exsiting underlying insurance 2. excess liability coverage forms and commercial umbrella liability ...

COMMERCIAL MULTI-LINES – CIC QUESTIONS AND ANSWERS 1. The purpose of the definition of Marine is: to describe the kinds of risks and coverage's which may be classified or identified under state insurance laws as Marine, Inland Marine, or Transportation 2. Who needs inland marine coverage's?: Business that have an exposure to property in transit or property that in not in a fixed location 3. Imports: Goods coming into the US 4. Exports: Goods going out of the US 5. Domestic Shipments...

CIC COMMERCIAL PROPERTY QUESTIONS AND ANSWERS 1. List and explain he specific rights and duties of the first named insured as stated in the common policy declarations: Cancellation-May cancel in advance with written notice, we may cancel by written notice 10 days for non pay 30 days for other reason. Changes-is authorized to make changes by endorsement. Examina- tion of your books and records-at anytime up to 3 years afterward. Inspection and Surveys-make inspections and surveys at anytime,...

CIC COMMERCIAL PROPERTY EXAM PREP QUESTIONS AND ANSWERS 1. Endorsements used to modify coverage extensions (6): 1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants 2. Explain replacement cost: - without deduction for depreciation - claims are paid on acv until repairs or replacements is complete and then difference is paid -...

CIC COMMERCIAL MULTI-LINE EXAM PREP QUESTIONS AND ANSWERS 1. Distinguish between Covered Property and Property Not Covered under the Businessowners Coverage Form.: 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 Installed compu...

2023 OPOTA (SPOS) STUDENT PERFORMANCE OBJECTIVES QUESTIONS AND ANSWERS 1. Explain the relationship between a student Performance objective (SPO) and a Test Question: A test question must respond directly to an SPO and every SPO may be the basis of a test question. 2. Explain the ultimate reason for law enforcement training: To be able to protect the life and property of yourself and the public 3. Explain the generally accepted ethical responsibilities of peace officers: Are found in profe...

OPOTA SPO'S QUESTIONS AND ANSWERS 1. The relationship between an SPO and a test question is,: • The test question must respond directly to the SPO and for every SPO there is a test question. 2. The ultimate reason for law enforcement training is: • To be able to protect the life and property of yourself and the public. 3. The term role is defined as,: • Characteristics and expected social behavior of an individual. • Those behaviors typically performed by an individual in a pa...