Commercial Casualty I Exam
Questions and Answers 100%
Pass
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Answer: a notice that is broadcast or published to the general public or specific
market segments about your goods, products, or services for the purpose of
attracting customers or supporters
Question: Aggregate Limit -
Answer: the most an insurer will pay during the policy period; once paid, the
insurer has no further obligations to defend the insured against future claims
Question: "Auto" -
Answer: A land motor vehicle, trailer, or semitrailer designed for travel on public
roads, including any attached machinery or equipment; 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
, Question: Bailee -
Answer: the party to whom personal property is delivered and entrusted (without
transfer of ownership) for a specific purpose
Question: Bodily Injury -
Answer: bodily injury, sickness, or disease sustained by a person, including death
resulting from any of these, at any time
Question: Common Law -
Answer: the set of legal rules used in the U.S. to resolve civil—not criminal—
disputes in courts
Question: Compensatory Damages -
Answer: a broad term describing losses compensated for by the liable person
paying a sum of money to the claimant; compensatory damages are divided into
two specific types of damages: special damages and general damages
Question: Completed Operations -
Questions and Answers 100%
Pass
Advertisement -
Answer: a notice that is broadcast or published to the general public or specific
market segments about your goods, products, or services for the purpose of
attracting customers or supporters
Question: Aggregate Limit -
Answer: the most an insurer will pay during the policy period; once paid, the
insurer has no further obligations to defend the insured against future claims
Question: "Auto" -
Answer: A land motor vehicle, trailer, or semitrailer designed for travel on public
roads, including any attached machinery or equipment; 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
, Question: Bailee -
Answer: the party to whom personal property is delivered and entrusted (without
transfer of ownership) for a specific purpose
Question: Bodily Injury -
Answer: bodily injury, sickness, or disease sustained by a person, including death
resulting from any of these, at any time
Question: Common Law -
Answer: the set of legal rules used in the U.S. to resolve civil—not criminal—
disputes in courts
Question: Compensatory Damages -
Answer: a broad term describing losses compensated for by the liable person
paying a sum of money to the claimant; compensatory damages are divided into
two specific types of damages: special damages and general damages
Question: Completed Operations -
