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






2. 60 days - know and reported or incurred and not reported






3. 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






4. More Appropriately Insured Elsewhere - Catastrophe






5. Limited - Intermediate - Broad






6. Injury - Sickness or Disease - including death






7. Additional time and premium






8. Indemnification and Hold Harmless Clauses






9. Your conduct - Conduct of Others






10. Compensatory - Punitive






11. One party assumes liability for another.






12. Dangerous Instrumentality - use of guns - lions






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






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






15. Coverage Territory - Policy Period






16. Occurrence means...






17. Product recall - data - SPAM






18. 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






19. Indemnitor, Indemnitee, Injured Party






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






21. Your own work






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






23. In Addition to Policy Limits






24. 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






25. Expected or Intended Injury (Bar Fight)






26. Strict Liability same as ...


27. 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






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






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






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






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






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