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,Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf
Who is responsible for damage to improvements in a B
leased building?
A) Tenant
B) Building owner
C) Improvements to a leased building are not covered
D) Both the tenant and the building owner
Equipment Breakdown insurance covers all of the C
following, EXCEPT:
A) Equipment powered by internal pressure
B) Mechanical equipment used to produce energy
C) Tools subject to regular replacement
D) Communications equipment
Hull coverage in an ocean marine policy covers which of D
the following?
A) the freight charged for the transportation of the
cargo
B) the ship owners liability
c) cargo being transported on the ship
d) the vessel itself, including engines and fuel
Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf
,Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf
all of the following are differences between surety A
bonds and insurance EXCEPT
a) reserves are not established
b) the principle is responsible to the guarantor in the
case of loss
c) 3 party contract
d) the surety should not suffer a loss
Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf
, Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf
if a bartender allows a patron to leave the bar, and the D
patron is involved in a drunk driving accident, what
would the bar owner need to cover their liability?
A) professional liability
B) Host
C) commercial general liability
D) liquor liability
A commercial general liability (CGL) policy is quite C
broad in scope. However, there are substantial number
of exclusions. Three of the four following loss exposures
are excluded. Identify the loss exposure that is covered
an unendorsed CGL- property damage of liability arising
out of:
A) The ownership of an airplane
B) An employee being insured while working on the
insured's premises
C) An employee accidentally injures a customer while
working at the customers home
D) An accident while driving an owned automobile on a
public highway
Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf Property & Casualty Practice Exam_ Commercial Lines.pdf