6/7/25, 1:20 AM CIC Commercial Multi-line Exam Prep (2025) ACTUAL EXAM comprehensive questions and verified accurate solution (Detailed & El…
CIC COMMERCIAL MULTI-LINE ATUAL EXAM PREP
2025 \COMPREHENSIVE TEST BANK QUESTIONS
AND VERIFIED ACCURATE SOLUTIONS |DETAILED
AND ELABORATED ANSWERS \ALREADY GRADED
A+
Equipment = machinery tools of mobile nature that you
use in installation, erection or repair
Indentify and apply Property
Covered and Property Not
Property Not Covered:
Covered by this AAIS
-Self-propelled vehicles w/ truck mounted equipment
Contractors Equipment Floater
-road use vehicle unlicensed
-aircraft/watercraft
-contraband
-Leased/Rented property to others
-Loaned property
-underground mining
-waterborne property (exception: on Ferries)
*Newly purchased Property
-during policy period
Describe and apply the -ACV
Supplemental Coverages
-30 day or exp. date
found in this AAIS
Contractors Equipment
Floater
*Pollutant clean-up & removal
--pays for cleanup if resulted from covered peril
Covered Perils- Open peril policy
1/29
,6/7/25, 1:20 AM CIC Commercial Multi-line Exam Prep (2025) ACTUAL EXAM comprehensive questions and verified accurate solution (Detailed & El…
Excluded
Perils- civil
authority
nuclear
Identify and apply Perils
hazard war
Covered and Perils contamination/ deteroration
Excluded by this AAIS -dishonety/ illegal acts
Contractors Equipment -Mechanical breakdown
Floater -Missing property
-pollutants
-puncture, blowout, road damage
-voluntary parting
-weight capacity
1.) Acts of nature (flood, windstorm, earthquake)
List the five exceptions to a 2.) Acts of public enemy
common 3.) Exercise of Public Authority
carrier's liability for the 4.) fault of negligence on part of shipper (poor packaging)
property of others in their 5.) inherent vice (apples & dates)
possession
-Immediate payment for loss
Identify the advantages for -insure will subrogate
the owner of the goods to -broad coverage
purchase a transportation -purchase limits necessary for only your goods
policy -inexpensive when compared to what the carrier may charge
-What's being transported
-method of travel
-distance of travel
Identify and describe -territory traveled
underwriting -freq. of theft
considerations used when -subrogation possibilites
writing various types of -financial condition
transportation policies -maintenance of vehicles
-loss history
2/29
, 6/7/25, 1:20 AM CIC Commercial Multi-line Exam Prep (2025) ACTUAL EXAM comprehensive questions and verified accurate solution (Detailed & El…
Commercial Property policy does not coverage bills,
currency, money, notes, accounts etc...
Identify the reasons for limitations of the C.P.=
purchasing -doesn't pay for mysterious disapperance
commercial crime insurance -not covered for unathuorized property transfer
based on the exclusions and -small limits ($2.5k)
limitations of the Building
and Personal Property Excludes:
Coverage Form with Causes Dishonest
Of Loss- Special Form Acts
Voluntary
Parting
1.) Employee Theft
Identify the 7 Insuring 2.) Forgery or Alterations
Agreements included in the 3.) Inside Premises- Theft of Money & Securities
Commercial Crime 4.) Inside Premises-Robbery or Safe Burglary of Other Property
5.) Outside The Premises
Coverage Form (Loss
6.) Computer & Funds Transfer Fraud
Sustained Form) as well as
7.) Money Orders & Counterfeit Money
the Commercial Crime
Coverage Form
(Discovery Form)
Explain how the trigger of Loss Sustained is triggered when a loss occurred during
coverage under the the policy period and is discovered during policy
Commercial Crime period or the extended period of discovery (1 yr)
Coverage Form (Loss
Sustained Form) will apply
to claims situations
Same Carrier
-Loss must be covered under current policy
-current policy must be effective on the cancellation
Explain how the
date of the prior insurance (NO Gap)
Commercial Crime -Settles losses from current policy backwards
Coverage form (Loss -highest limit of Insurance applies w/ Current deductible
Sustained Form)
applies to claims situation Different Carriers
that occur partly or entirely -Pays lowest limit with current deductible
during prior policies
3/29
CIC COMMERCIAL MULTI-LINE ATUAL EXAM PREP
2025 \COMPREHENSIVE TEST BANK QUESTIONS
AND VERIFIED ACCURATE SOLUTIONS |DETAILED
AND ELABORATED ANSWERS \ALREADY GRADED
A+
Equipment = machinery tools of mobile nature that you
use in installation, erection or repair
Indentify and apply Property
Covered and Property Not
Property Not Covered:
Covered by this AAIS
-Self-propelled vehicles w/ truck mounted equipment
Contractors Equipment Floater
-road use vehicle unlicensed
-aircraft/watercraft
-contraband
-Leased/Rented property to others
-Loaned property
-underground mining
-waterborne property (exception: on Ferries)
*Newly purchased Property
-during policy period
Describe and apply the -ACV
Supplemental Coverages
-30 day or exp. date
found in this AAIS
Contractors Equipment
Floater
*Pollutant clean-up & removal
--pays for cleanup if resulted from covered peril
Covered Perils- Open peril policy
1/29
,6/7/25, 1:20 AM CIC Commercial Multi-line Exam Prep (2025) ACTUAL EXAM comprehensive questions and verified accurate solution (Detailed & El…
Excluded
Perils- civil
authority
nuclear
Identify and apply Perils
hazard war
Covered and Perils contamination/ deteroration
Excluded by this AAIS -dishonety/ illegal acts
Contractors Equipment -Mechanical breakdown
Floater -Missing property
-pollutants
-puncture, blowout, road damage
-voluntary parting
-weight capacity
1.) Acts of nature (flood, windstorm, earthquake)
List the five exceptions to a 2.) Acts of public enemy
common 3.) Exercise of Public Authority
carrier's liability for the 4.) fault of negligence on part of shipper (poor packaging)
property of others in their 5.) inherent vice (apples & dates)
possession
-Immediate payment for loss
Identify the advantages for -insure will subrogate
the owner of the goods to -broad coverage
purchase a transportation -purchase limits necessary for only your goods
policy -inexpensive when compared to what the carrier may charge
-What's being transported
-method of travel
-distance of travel
Identify and describe -territory traveled
underwriting -freq. of theft
considerations used when -subrogation possibilites
writing various types of -financial condition
transportation policies -maintenance of vehicles
-loss history
2/29
, 6/7/25, 1:20 AM CIC Commercial Multi-line Exam Prep (2025) ACTUAL EXAM comprehensive questions and verified accurate solution (Detailed & El…
Commercial Property policy does not coverage bills,
currency, money, notes, accounts etc...
Identify the reasons for limitations of the C.P.=
purchasing -doesn't pay for mysterious disapperance
commercial crime insurance -not covered for unathuorized property transfer
based on the exclusions and -small limits ($2.5k)
limitations of the Building
and Personal Property Excludes:
Coverage Form with Causes Dishonest
Of Loss- Special Form Acts
Voluntary
Parting
1.) Employee Theft
Identify the 7 Insuring 2.) Forgery or Alterations
Agreements included in the 3.) Inside Premises- Theft of Money & Securities
Commercial Crime 4.) Inside Premises-Robbery or Safe Burglary of Other Property
5.) Outside The Premises
Coverage Form (Loss
6.) Computer & Funds Transfer Fraud
Sustained Form) as well as
7.) Money Orders & Counterfeit Money
the Commercial Crime
Coverage Form
(Discovery Form)
Explain how the trigger of Loss Sustained is triggered when a loss occurred during
coverage under the the policy period and is discovered during policy
Commercial Crime period or the extended period of discovery (1 yr)
Coverage Form (Loss
Sustained Form) will apply
to claims situations
Same Carrier
-Loss must be covered under current policy
-current policy must be effective on the cancellation
Explain how the
date of the prior insurance (NO Gap)
Commercial Crime -Settles losses from current policy backwards
Coverage form (Loss -highest limit of Insurance applies w/ Current deductible
Sustained Form)
applies to claims situation Different Carriers
that occur partly or entirely -Pays lowest limit with current deductible
during prior policies
3/29
