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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. Expected or Intended Injury (Bar Fight)






2. Your own work






3. 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






4. Occurrence means...






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






6. More Appropriately Insured Elsewhere - Catastrophe






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






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






10. Additional time and premium






11. Strict Liability same as ...


12. Injury - Sickness or Disease - including death






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






14. Indemnification and Hold Harmless Clauses






15. One party assumes liability for another.






16. In Addition to Policy Limits






17. 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






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






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






20. Coverage Territory - Policy Period






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






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






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






24. Dangerous Instrumentality - use of guns - lions






25. Limited - Intermediate - Broad






26. 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






27. Product recall - data - SPAM






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






29. Your conduct - Conduct of Others






30. Indemnitor, Indemnitee, Injured Party






31. Compensatory - Punitive






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






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