CISR COMMERCIAL CASUALTY 1 FINALS EXAM 2026/2027
QUESTIONS AND SOLUTIONS RATED A+
✔✔Executive Officer - ✔✔a person holding any of the officer positions created by an
organization's charter, constitution, bylaws, or any other similar governing document
✔✔General Damages - ✔✔subjective dollar amounts that compensate an injured party
for intangible losses such as pain and suffering
✔✔Hold Harmless/Indemnification Agreement - ✔✔where one person/entity agrees to
assume the liability of another for damages or injury to others
✔✔Hostile Fire - ✔✔a fire which becomes uncontrollable or breaks out from where it
was intended to be
✔✔Impaired Property - ✔✔tangible property of others that cannot be used or is less
useful because it incorporates your product or work that is known or thought to be
defective, deficient, inadequate, or dangerous; or because you have failed to fulfill the
terms of a contract or agreement
✔✔Indemnitee - ✔✔the person who, in a contract of indemnity, is to be indemnified or
protected by the other party
✔✔Indemnitor - ✔✔the person who is bound, by an indemnity contract, to indemnify or
protect the other party
✔✔Intentional Tort - ✔✔a voluntary act which results in injury or loss to another;
examples include libel, slander, wrongful entry or eviction, assault and/or battery,
wrongful detention, false arrest, and copyright or trademark infringement
✔✔Leased Worker - ✔✔a person leased to you by a labor leasing firm, under an
agreement between you and the labor leasing firm, to perform duties related to the
conduct of your business; "leased worker" does not include a "temporary worker"
✔✔Liability - ✔✔the state of being bound or obliged in law or justice to do, pay, or make
good something; a legal responsibility
✔✔Liability Trigger - ✔✔an occurrence or accident that causes a tort or civil wrong; an
event in which someone is either injured or property is damaged because of the actions
or inactions of another party
✔✔Libel - ✔✔the act of writing and publishing untrue and damaging information about
another person or business
QUESTIONS AND SOLUTIONS RATED A+
✔✔Executive Officer - ✔✔a person holding any of the officer positions created by an
organization's charter, constitution, bylaws, or any other similar governing document
✔✔General Damages - ✔✔subjective dollar amounts that compensate an injured party
for intangible losses such as pain and suffering
✔✔Hold Harmless/Indemnification Agreement - ✔✔where one person/entity agrees to
assume the liability of another for damages or injury to others
✔✔Hostile Fire - ✔✔a fire which becomes uncontrollable or breaks out from where it
was intended to be
✔✔Impaired Property - ✔✔tangible property of others that cannot be used or is less
useful because it incorporates your product or work that is known or thought to be
defective, deficient, inadequate, or dangerous; or because you have failed to fulfill the
terms of a contract or agreement
✔✔Indemnitee - ✔✔the person who, in a contract of indemnity, is to be indemnified or
protected by the other party
✔✔Indemnitor - ✔✔the person who is bound, by an indemnity contract, to indemnify or
protect the other party
✔✔Intentional Tort - ✔✔a voluntary act which results in injury or loss to another;
examples include libel, slander, wrongful entry or eviction, assault and/or battery,
wrongful detention, false arrest, and copyright or trademark infringement
✔✔Leased Worker - ✔✔a person leased to you by a labor leasing firm, under an
agreement between you and the labor leasing firm, to perform duties related to the
conduct of your business; "leased worker" does not include a "temporary worker"
✔✔Liability - ✔✔the state of being bound or obliged in law or justice to do, pay, or make
good something; a legal responsibility
✔✔Liability Trigger - ✔✔an occurrence or accident that causes a tort or civil wrong; an
event in which someone is either injured or property is damaged because of the actions
or inactions of another party
✔✔Libel - ✔✔the act of writing and publishing untrue and damaging information about
another person or business
