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. In Addition to Policy Limits






3. Your own work






4. Coverage Territory - Policy Period






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






6. 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






7. Your conduct - Conduct of Others






8. Expected or Intended Injury (Bar Fight)






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






10. Strict Liability same as ...

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






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. Occurrence means...






14. Additional time and premium






15. One party assumes liability for another.






16. 60 days - know and reported or incurred and not reported






17. Injury - Sickness or Disease - including death






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






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






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






21. Dangerous Instrumentality - use of guns - lions






22. More Appropriately Insured Elsewhere - Catastrophe






23. Indemnitor, Indemnitee, Injured Party






24. Limited - Intermediate - Broad






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






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






27. Compensatory - Punitive






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






29. Product recall - data - SPAM






30. 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






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