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. Product recall - data - SPAM






2. Indemnitor, Indemnitee, Injured Party






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






4. Indemnification and Hold Harmless Clauses






5. Limited - Intermediate - Broad






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






7. Strict Liability same as ...

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


8. More Appropriately Insured Elsewhere - Catastrophe






9. Coverage Territory - Policy Period






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






11. Your own work






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






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






14. One party assumes liability for another.






15. 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






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. Expected or Intended Injury (Bar Fight)






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






19. Occurrence means...






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






21. 60 days - know and reported or incurred and not reported






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






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






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






25. Dangerous Instrumentality - use of guns - lions






26. Compensatory - Punitive






27. 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






28. Your conduct - Conduct of Others






29. Additional time and premium






30. Injury - Sickness or Disease - including death






31. In Addition to Policy Limits






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