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. More Appropriately Insured Elsewhere - Catastrophe






2. Injury - Sickness or Disease - including death






3. Strict Liability same as ...

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4. 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






5. Dangerous Instrumentality - use of guns - lions






6. Indemnification and Hold Harmless Clauses






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






8. Compensatory - Punitive






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






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






11. Coverage Territory - Policy Period






12. Indemnitor, Indemnitee, Injured Party






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






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






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. In Addition to Policy Limits






17. Your conduct - Conduct of Others






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






19. One party assumes liability for another.






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






22. 60 days - know and reported or incurred and not reported






23. Expected or Intended Injury (Bar Fight)






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






25. Additional time and premium






26. Product recall - data - SPAM






27. 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






28. Your own work






29. 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






30. Limited - Intermediate - Broad






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






32. Occurrence means...