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






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






3. Coverage Territory - Policy Period






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






5. 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






6. One party assumes liability for another.






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






8. Strict Liability same as ...


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






10. Indemnitor, Indemnitee, Injured Party






11. Occurrence means...






12. More Appropriately Insured Elsewhere - Catastrophe






13. Compensatory - Punitive






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






15. Your own work






16. Product recall - data - SPAM






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






18. 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






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






20. Additional time and premium






21. Your conduct - Conduct of Others






22. 60 days - know and reported or incurred and not reported






23. Limited - Intermediate - Broad






24. 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






25. Injury - Sickness or Disease - including death






26. 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






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






28. In Addition to Policy Limits






29. Indemnification and Hold Harmless Clauses






30. Dangerous Instrumentality - use of guns - lions






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






32. Expected or Intended Injury (Bar Fight)