Test your basic knowledge |

Commercial Casualty Insurance Exam Commercial Lines

Subject : certifications
Instructions:
  • Answer 32 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Coverage Territory - Policy Period






2. Your conduct - Conduct of Others






3. Coverage A: BI/PD (Occurrence) - Coverage B: PI/AI (offense) - Coverage C: Medical Payments (no fault)






4. Injury - Sickness or Disease - including death






5. Employees - Unless they injure fellow employee or work in professional healthcare






6. Direct - Vicarious: Agency-Principle - Employee-Employer - Indep Cont-Sub - Partnership-Partners






7. Statutes impose restrictions on insurability; imposed to deter or punish






8. One party assumes liability for another.






9. Limited - Intermediate - Broad






10. In Addition to Policy Limits






11. Special Damages - Specific $ amounts General Damages - Subjective






12. Your own work






13. Indemnification and Hold Harmless Clauses






14. Indemnitor, Indemnitee, Injured Party






15. A voluntary act resulting in injury or loss to another. Libel (written) slander (spoken) - wrongful detention - false arrest - copyright - assault - wrongful entry or eviction






16. Additional time and premium






17. 1. Duty owed 2. Breach of that duty 3. Insured's action caused damages 4. Proximate or actual cause between breach and damages. 5. Proven by plaintiff






18. Compensatory - Punitive






19. 60 days - know and reported or incurred and not reported






20. Dram Shop - Statute of Limitation or Repose - Comparative Negligience - Workers Comp






21. Dangerous Instrumentality - use of guns - lions






22. Physical injury to tangible property - loss of use of tangible property - electronic data is not considered tangible property






23. Occurrence means...






24. Expected or Intended Injury (Bar Fight)






25. 1. Lease of premises 2. Sidetrack Agreement (Railroad) 3. Easement or license agreement 4. Municipality - Indemnify a municipality 5. Elevator Maintenance 6. Any other written contract where you assume a tort liability






26. Product recall - data - SPAM






27. 1. Named insured - if indiv - includes spouse 2. Automatic Insured - Employee - Leased worker - Volunteer Worker - Real Estate Managers - Newly acquired or formed org






28. 1. BI/PD caused by occurrence in coverage territory 2. BI/PD did not occur before retroactive date 3. during policy period or extended reporting period






29. Named Insured - unless LLC - JV or Partnership - then NO






30. More Appropriately Insured Elsewhere - Catastrophe






31. Strict Liability same as ...


32. 1. Premises Liability 2. Business Operations Liability 3. Products Liability 4. Completed 5. Contractual Liability 6. Contingent Liability - for Indep Cont 7. Personal Injury Liability Offenses 8. Advertising Liability Offenses