GENERAL LIABILITY - FLASHCARDS FREQUENTLY
TESTED ACTUAL EXAM QUESTIONS WITH CORRECT
ANSWERS
Question 1.
In the CGL the party responsible to pay policy premiums and the party who receives any return
or refundable premium?
ANSWER
First Named Insured
Question 2.
The Commercial General Liability policy allows an insurer to inspect books and records during
the policy period and for how many years?
ANSWER
3 Years
Question 3.
The policy form is used to cover their liquor liability as part of an insured's ongoing operations
(i.e. a bar).
ANSWER
Liquor Liability Coverage
Question 4.
The CGL's Supplemental Payments limit for time taken off of work in the investigation or
defense of an insured's claim.
ANSWER
$250 Per Day
Question 5.
Under this CGL provision "court cost and prejudgment interest" and "interest on judgments and
cost of bonds to release judg- ments" litigation" related expenses paid or payable to the
insured?
ANSWER
Supplementary Payments
1
, Question 6.
True or False? An "insured status" for some persons depends upon the named insured's legal
entity formation (form).
ANSWER
True (it is true, an "insured status" for some persons depends upon the named insured's form of legal
entity).
Question 7.
The CGL states that a policy coverage is _____________ unless the insured has other available
liability insurance which also states it is _______________.
ANSWER
Primary
Question 8.
independently and separate from all other insureds.
ANSWER
Separation of Insureds
Question 9.
The CGL coverage form which protects owners and contractors against claims for bodily injury
and property damage arising out of work performed by an independent contractor on the
insured's behalf.
ANSWER
Owners and Contractors Protective Liability Form (OCP)
Question 10.
The CGL coverage form which provides a monoline form solely for the Products/Completed
Operation's exposure.
ANSWER
Products/Completed Operations Coverage Form
Question 11.
The CGL form which provides coverage for those who are in the business of manufacturing,
distributing, selling, serving or furnishing alcoholic beverages for having caused or contributed
to a person's intoxication?
ANSWER
Liquor Liability Coverage Form
2
TESTED ACTUAL EXAM QUESTIONS WITH CORRECT
ANSWERS
Question 1.
In the CGL the party responsible to pay policy premiums and the party who receives any return
or refundable premium?
ANSWER
First Named Insured
Question 2.
The Commercial General Liability policy allows an insurer to inspect books and records during
the policy period and for how many years?
ANSWER
3 Years
Question 3.
The policy form is used to cover their liquor liability as part of an insured's ongoing operations
(i.e. a bar).
ANSWER
Liquor Liability Coverage
Question 4.
The CGL's Supplemental Payments limit for time taken off of work in the investigation or
defense of an insured's claim.
ANSWER
$250 Per Day
Question 5.
Under this CGL provision "court cost and prejudgment interest" and "interest on judgments and
cost of bonds to release judg- ments" litigation" related expenses paid or payable to the
insured?
ANSWER
Supplementary Payments
1
, Question 6.
True or False? An "insured status" for some persons depends upon the named insured's legal
entity formation (form).
ANSWER
True (it is true, an "insured status" for some persons depends upon the named insured's form of legal
entity).
Question 7.
The CGL states that a policy coverage is _____________ unless the insured has other available
liability insurance which also states it is _______________.
ANSWER
Primary
Question 8.
independently and separate from all other insureds.
ANSWER
Separation of Insureds
Question 9.
The CGL coverage form which protects owners and contractors against claims for bodily injury
and property damage arising out of work performed by an independent contractor on the
insured's behalf.
ANSWER
Owners and Contractors Protective Liability Form (OCP)
Question 10.
The CGL coverage form which provides a monoline form solely for the Products/Completed
Operation's exposure.
ANSWER
Products/Completed Operations Coverage Form
Question 11.
The CGL form which provides coverage for those who are in the business of manufacturing,
distributing, selling, serving or furnishing alcoholic beverages for having caused or contributed
to a person's intoxication?
ANSWER
Liquor Liability Coverage Form
2
