Commercial Casualty II Exam-Questions with Correct Answers/
Verified/ Latest (2024/2025)
accident - ✔✔An event or continuous or repeated exposure to the same conditions
resulting in bodily injury or property damage
auto - ✔✔A land motor vehicle; "trailer" or semitrailer designed for travel on public roads;
or any other land vehicle that is subject to a compulsory or financial responsibility law or
other motor vehicle insurance law where it is licensed or principally garaged. An auto does
not include "mobile equipment."
bodily injury - ✔✔Injury, sickness, or death sustained by a person
concurrency - ✔✔When the dates of an Excess/Umbrella policy and an underlying policy or
policies are the same
conditions - ✔✔The rules of a contract for an insured and insurance company
coverage territory - ✔✔The geographic area where insurance applies
Declarations - ✔✔The part of a policy that shows the who, what, when, and where
deductible - ✔✔The amount the insurance company reduces its payment for a loss; it is
shown in the Declarations for each coverage
depreciation - ✔✔The amount of value an auto has lost due to its age, mileage, or wear and
tear
diminution - ✔✔The perceived loss in market or resale value resulting from a direct and
accidental "loss"
Verified/ Latest (2024/2025)
accident - ✔✔An event or continuous or repeated exposure to the same conditions
resulting in bodily injury or property damage
auto - ✔✔A land motor vehicle; "trailer" or semitrailer designed for travel on public roads;
or any other land vehicle that is subject to a compulsory or financial responsibility law or
other motor vehicle insurance law where it is licensed or principally garaged. An auto does
not include "mobile equipment."
bodily injury - ✔✔Injury, sickness, or death sustained by a person
concurrency - ✔✔When the dates of an Excess/Umbrella policy and an underlying policy or
policies are the same
conditions - ✔✔The rules of a contract for an insured and insurance company
coverage territory - ✔✔The geographic area where insurance applies
Declarations - ✔✔The part of a policy that shows the who, what, when, and where
deductible - ✔✔The amount the insurance company reduces its payment for a loss; it is
shown in the Declarations for each coverage
depreciation - ✔✔The amount of value an auto has lost due to its age, mileage, or wear and
tear
diminution - ✔✔The perceived loss in market or resale value resulting from a direct and
accidental "loss"
