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






2. Limited - Intermediate - Broad






3. In Addition to Policy Limits






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






5. Your conduct - Conduct of Others






6. More Appropriately Insured Elsewhere - Catastrophe






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






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






9. Strict Liability same as ...

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10. Indemnification and Hold Harmless Clauses






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






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






13. Indemnitor, Indemnitee, Injured Party






14. Your own work






15. Injury - Sickness or Disease - including death






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






17. Dangerous Instrumentality - use of guns - lions






18. Compensatory - Punitive






19. Product recall - data - SPAM






20. 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






21. Expected or Intended Injury (Bar Fight)






22. 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






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






24. Additional time and premium






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






26. One party assumes liability for another.






27. 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






28. Occurrence means...






29. 60 days - know and reported or incurred and not reported






30. Coverage Territory - Policy Period






31. 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






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