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






2. Coverage Territory - Policy Period






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






4. Your conduct - Conduct of Others






5. Injury - Sickness or Disease - including death






6. Strict Liability same as ...


7. Additional time and premium






8. Product recall - data - SPAM






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






10. Indemnification and Hold Harmless Clauses






11. Expected or Intended Injury (Bar Fight)






12. 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






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






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






15. Occurrence means...






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






17. Your own work






18. Indemnitor, Indemnitee, Injured Party






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






20. In Addition to Policy Limits






21. Limited - Intermediate - Broad






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






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






24. 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






25. One party assumes liability for another.






26. 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






27. More Appropriately Insured Elsewhere - Catastrophe






28. 60 days - know and reported or incurred and not reported






29. 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






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






31. Dangerous Instrumentality - use of guns - lions






32. Compensatory - Punitive