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






2. More Appropriately Insured Elsewhere - Catastrophe






3. Limited - Intermediate - Broad






4. 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






5. Indemnitor, Indemnitee, Injured Party






6. Additional time and premium






7. 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






8. Dangerous Instrumentality - use of guns - lions






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






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






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






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






13. Compensatory - Punitive






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






15. Expected or Intended Injury (Bar Fight)






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






17. 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






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






19. Indemnification and Hold Harmless Clauses






20. Occurrence means...






21. Strict Liability same as ...

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22. Your conduct - Conduct of Others






23. In Addition to Policy Limits






24. Your own work






25. 60 days - know and reported or incurred and not reported






26. Product recall - data - SPAM






27. Coverage Territory - Policy Period






28. 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






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






30. Injury - Sickness or Disease - including death






31. One party assumes liability for another.






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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