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. Your conduct - Conduct of Others






2. Injury - Sickness or Disease - including death






3. Expected or Intended Injury (Bar Fight)






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






5. Strict Liability same as ...

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6. Product recall - data - SPAM






7. More Appropriately Insured Elsewhere - Catastrophe






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






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






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






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






12. One party assumes liability for another.






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






14. 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






15. 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






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






17. Additional time and premium






18. 60 days - know and reported or incurred and not reported






19. Indemnitor, Indemnitee, Injured Party






20. Dangerous Instrumentality - use of guns - lions






21. Compensatory - Punitive






22. Occurrence means...






23. 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






24. Coverage Territory - Policy Period






25. 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






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






27. In Addition to Policy Limits






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






29. Limited - Intermediate - Broad






30. Your own work






31. Indemnification and Hold Harmless Clauses






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