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. 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






2. Indemnification and Hold Harmless Clauses






3. Occurrence means...






4. 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






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






6. Limited - Intermediate - Broad






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






8. Coverage Territory - Policy Period






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






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






11. Injury - Sickness or Disease - including death






12. In Addition to Policy Limits






13. Compensatory - Punitive






14. Your conduct - Conduct of Others






15. Additional time and premium






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






17. Product recall - data - SPAM






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






19. Strict Liability same as ...


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






21. Your own work






22. 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






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






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






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






26. 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






27. Indemnitor, Indemnitee, Injured Party






28. Expected or Intended Injury (Bar Fight)






29. More Appropriately Insured Elsewhere - Catastrophe






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






31. Dangerous Instrumentality - use of guns - lions






32. One party assumes liability for another.