SPECIALISTS EXAM
CISR COMMERCIAL CASUALTY II EXAM 2025 LATEST
QUESTIONS AND VERIFIED ANSWERS 100% PASS
Define the term "buffer layer," as it applies to an insured. - ✔✔✔ Correct
Answer > A buffer layer is an amount of insurance above underlying insurance
and beneath other excess insurance. A buffer layer could be $5,000,000 of
liability insurance in excess of $1,000,000, and also underlying a layer of
$5,000,000 above it.
Describe how the underlying insurance requirement works and the dangers of
non-concurrent policies. - ✔✔✔ Correct Answer > The Excess/Umbrella Policy
will perform, assuming the underlying policies are maintained. When the
underlying policies are not concurrent with the Excess/Umbrella Policy, serious
coverage gaps can arise.
The coverage territory of an Umbrella Policy is typically broader than the
territory in an underlying policy. T/F - ✔✔✔ Correct Answer > True
Umbrella Policies may change the definitions in underlying policies. T/F
- ✔✔✔ Correct Answer > True
SPECIALISTS EXAM
, SPECIALISTS EXAM
A "true" Umbrella Policy tends to be more restrictive than Excess Liability Policies.
T/F - ✔✔✔ Correct Answer > False; A "true" umbrella typically has broader
coverage with fewer exclusions.
A Follow Form Excess Policy provides the same coverage as the underlying
policies but at higher limits. T/F - ✔✔✔ Correct Answer > True
A Stand-Alone Excess Policy has its own terms and conditions and may or may
not cover losses that are covered by the underlying policies. T/F
- ✔✔✔ Correct Answer > True
Explain what an Excess/Umbrella Policy will do in the event of a covered liability
claim. - ✔✔✔ Correct Answer > The Excess/Umbrella Policy will drop down to
provide primary coverage when aggregate limits are exhausted by a prior liability
claim(s).
List 4 states that have monopolistic funds. - ✔✔✔ Correct Answer >
North Dakota, Ohio, Wyoming, Washington
List 2 states where workers compensation is elective for employers. -
✔✔✔ Correct Answer > Texas and New Jersey
SPECIALISTS EXAM
, SPECIALISTS EXAM
Both item 3A and item 3C of the information pages of a WC policy list the states
the policy covers. Explain the difference between these two items. - ✔✔✔
Correct Answer > 3A triggers WC insurance for the state or state listed in which
the policyholder currently has ongoing business. 3C lists all of other states except
those listed in 3A and monopolistic states that the policyholder may conduct
business during the policy term.
What is the experience modifier, and what is its purpose? - ✔✔✔ Correct
Answer > The experience modifier reflects employers claims experience, that is,
the frequency and severity, or cost, of claims. The experience modifier is used to
calculate an employers premium.
What information does the General Section A provide in a WC policy? -
✔✔✔ Correct Answer > Explains the policy's role as an insurance contract.
What information does the General Section B provide in a WC policy? -
✔✔✔ Correct Answer > Clarifies who in insured
What information does the General Section C provide in a WC policy? -
✔✔✔ Correct Answer > Describes workers compensation law
What information does the General Section D provide in a WC policy? -
✔✔✔ Correct Answer > Explains in which states coverage applies
What information does the General Section E in a WC policy? - ✔✔✔ Correct
Answer > Explains in which states coverage applies and identifies workplace
locations where coverage applies
SPECIALISTS EXAM
CISR COMMERCIAL CASUALTY II EXAM 2025 LATEST
QUESTIONS AND VERIFIED ANSWERS 100% PASS
Define the term "buffer layer," as it applies to an insured. - ✔✔✔ Correct
Answer > A buffer layer is an amount of insurance above underlying insurance
and beneath other excess insurance. A buffer layer could be $5,000,000 of
liability insurance in excess of $1,000,000, and also underlying a layer of
$5,000,000 above it.
Describe how the underlying insurance requirement works and the dangers of
non-concurrent policies. - ✔✔✔ Correct Answer > The Excess/Umbrella Policy
will perform, assuming the underlying policies are maintained. When the
underlying policies are not concurrent with the Excess/Umbrella Policy, serious
coverage gaps can arise.
The coverage territory of an Umbrella Policy is typically broader than the
territory in an underlying policy. T/F - ✔✔✔ Correct Answer > True
Umbrella Policies may change the definitions in underlying policies. T/F
- ✔✔✔ Correct Answer > True
SPECIALISTS EXAM
, SPECIALISTS EXAM
A "true" Umbrella Policy tends to be more restrictive than Excess Liability Policies.
T/F - ✔✔✔ Correct Answer > False; A "true" umbrella typically has broader
coverage with fewer exclusions.
A Follow Form Excess Policy provides the same coverage as the underlying
policies but at higher limits. T/F - ✔✔✔ Correct Answer > True
A Stand-Alone Excess Policy has its own terms and conditions and may or may
not cover losses that are covered by the underlying policies. T/F
- ✔✔✔ Correct Answer > True
Explain what an Excess/Umbrella Policy will do in the event of a covered liability
claim. - ✔✔✔ Correct Answer > The Excess/Umbrella Policy will drop down to
provide primary coverage when aggregate limits are exhausted by a prior liability
claim(s).
List 4 states that have monopolistic funds. - ✔✔✔ Correct Answer >
North Dakota, Ohio, Wyoming, Washington
List 2 states where workers compensation is elective for employers. -
✔✔✔ Correct Answer > Texas and New Jersey
SPECIALISTS EXAM
, SPECIALISTS EXAM
Both item 3A and item 3C of the information pages of a WC policy list the states
the policy covers. Explain the difference between these two items. - ✔✔✔
Correct Answer > 3A triggers WC insurance for the state or state listed in which
the policyholder currently has ongoing business. 3C lists all of other states except
those listed in 3A and monopolistic states that the policyholder may conduct
business during the policy term.
What is the experience modifier, and what is its purpose? - ✔✔✔ Correct
Answer > The experience modifier reflects employers claims experience, that is,
the frequency and severity, or cost, of claims. The experience modifier is used to
calculate an employers premium.
What information does the General Section A provide in a WC policy? -
✔✔✔ Correct Answer > Explains the policy's role as an insurance contract.
What information does the General Section B provide in a WC policy? -
✔✔✔ Correct Answer > Clarifies who in insured
What information does the General Section C provide in a WC policy? -
✔✔✔ Correct Answer > Describes workers compensation law
What information does the General Section D provide in a WC policy? -
✔✔✔ Correct Answer > Explains in which states coverage applies
What information does the General Section E in a WC policy? - ✔✔✔ Correct
Answer > Explains in which states coverage applies and identifies workplace
locations where coverage applies
SPECIALISTS EXAM
