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






2. Indemnitor, Indemnitee, Injured Party






3. Your own work






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. 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






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






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






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






9. Compensatory - Punitive






10. One party assumes liability for another.






11. 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






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






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






14. Coverage Territory - Policy Period






15. 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






16. More Appropriately Insured Elsewhere - Catastrophe






17. Expected or Intended Injury (Bar Fight)






18. In Addition to Policy Limits






19. Injury - Sickness or Disease - including death






20. Product recall - data - SPAM






21. Additional time and premium






22. Strict Liability same as ...


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






24. Dangerous Instrumentality - use of guns - lions






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






26. Your conduct - Conduct of Others






27. Occurrence means...






28. Limited - Intermediate - Broad






29. Indemnification and Hold Harmless Clauses






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






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






32. 60 days - know and reported or incurred and not reported