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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. 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






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






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






4. More Appropriately Insured Elsewhere - Catastrophe






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






6. In Addition to Policy Limits






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






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






9. 60 days - know and reported or incurred and not reported






10. Your conduct - Conduct of Others






11. 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






12. 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






13. Dangerous Instrumentality - use of guns - lions






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






15. Occurrence means...






16. Strict Liability same as ...


17. Expected or Intended Injury (Bar Fight)






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






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






20. One party assumes liability for another.






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






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. Additional time and premium






24. Product recall - data - SPAM






25. Indemnitor, Indemnitee, Injured Party






26. Limited - Intermediate - Broad






27. Injury - Sickness or Disease - including death






28. Compensatory - Punitive






29. Coverage Territory - Policy Period






30. Your own work






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






32. Indemnification and Hold Harmless Clauses