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Commercial Casualty Insurance Exam Commercial Lines
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Commercial Casualty Insurance Exam Commercial Lines
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25 Questions

1. Additional time and premium

2. Dangerous Instrumentality - use of guns - lions

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

4. In Addition to Policy Limits

5. 60 days - know and reported or incurred and not reported

6. Compensatory - Punitive

7. Coverage Territory - Policy Period

8. Occurrence means...

9. 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

10. Expected or Intended Injury (Bar Fight)

11. Product recall - data - SPAM

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

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

14. Limited - Intermediate - Broad

15. 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

16. One party assumes liability for another.

17. Your conduct - Conduct of Others

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

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

20. More Appropriately Insured Elsewhere - Catastrophe

21. Indemnitor, Indemnitee, Injured Party

22. 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

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

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

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

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