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. Indemnitor, Indemnitee, Injured Party






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






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






4. 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






5. Dangerous Instrumentality - use of guns - lions






6. More Appropriately Insured Elsewhere - Catastrophe






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






8. 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






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






10. Expected or Intended Injury (Bar Fight)






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






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






13. In Addition to Policy Limits






14. Your own work






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






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






17. Compensatory - Punitive






18. Additional time and premium






19. 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






20. Product recall - data - SPAM






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






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






23. One party assumes liability for another.






24. Limited - Intermediate - Broad






25. Your conduct - Conduct of Others






26. Injury - Sickness or Disease - including death






27. Coverage Territory - Policy Period






28. Strict Liability same as ...


29. 60 days - know and reported or incurred and not reported






30. 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






31. Indemnification and Hold Harmless Clauses






32. Occurrence means...