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






2. Strict Liability same as ...

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3. Injury - Sickness or Disease - including death






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






5. Product recall - data - SPAM






6. Dangerous Instrumentality - use of guns - lions






7. Coverage Territory - Policy Period






8. Additional time and premium






9. 60 days - know and reported or incurred and not reported






10. In Addition to Policy Limits






11. Expected or Intended Injury (Bar Fight)






12. Occurrence means...






13. Limited - Intermediate - Broad






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






15. Your conduct - Conduct of Others






16. Compensatory - Punitive






17. Indemnitor, Indemnitee, Injured Party






18. More Appropriately Insured Elsewhere - Catastrophe






19. 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






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






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






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






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






24. Your own work






25. 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






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






27. One party assumes liability for another.






28. 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






29. 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






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






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






32. Indemnification and Hold Harmless Clauses