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. 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






3. Indemnification and Hold Harmless Clauses






4. In Addition to Policy Limits






5. Limited - Intermediate - Broad






6. One party assumes liability for another.






7. Indemnitor, Indemnitee, Injured Party






8. Product recall - data - SPAM






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






10. Strict Liability same as ...


11. Expected or Intended Injury (Bar Fight)






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






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






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






15. Occurrence means...






16. Your conduct - Conduct of Others






17. Compensatory - Punitive






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






19. 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






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






21. 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






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






23. Additional time and premium






24. Your own work






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






26. More Appropriately Insured Elsewhere - Catastrophe






27. Injury - Sickness or Disease - including death






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






29. Dangerous Instrumentality - use of guns - lions






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






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






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