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. Indemnification and Hold Harmless Clauses






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






3. Dangerous Instrumentality - use of guns - lions






4. In Addition to Policy Limits






5. One party assumes liability for another.






6. Your conduct - Conduct of Others






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






8. More Appropriately Insured Elsewhere - Catastrophe






9. Additional time and premium






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






11. 60 days - know and reported or incurred and not reported






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






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. Indemnitor, Indemnitee, Injured Party






15. Injury - Sickness or Disease - including death






16. 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






17. Strict Liability same as ...

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18. Occurrence means...






19. Product recall - data - SPAM






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






21. Compensatory - Punitive






22. 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






23. Coverage Territory - Policy Period






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






25. Your own work






26. Limited - Intermediate - Broad






27. Expected or Intended Injury (Bar Fight)






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






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






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






31. 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






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