Commercial Casualty II Test Questions with Answers Rated A
accident - -An event or continuous or diminution - -The perceived loss in market
repeated exposure to the same conditions or resale value resulting from a direct and
resulting in bodily injury or property damage accidental "loss"
auto - -A land motor vehicle; "trailer" or duty to defend - -An insurance company's
semitrailer designed for travel on public roads; or assumed obligation to defend an insured for any
any other land vehicle that is subject to a covered claim
compulsory or financial responsibility law or other
motor vehicle insurance law where it is licensed
or principally garaged. An auto does not include employee - -Includes a "leased worker;"
"mobile equipment." does not include a "temporary worker"
bodily injury - -Injury, sickness, or death endorsements - -Additions to a policy that
sustained by a person amend the coverage provided in the coverage
form
concurrency - -When the dates of an
Excess/Umbrella policy and an underlying policy exclusions - -Provisions that specify
or policies are the same situations where coverage does not apply
conditions - -The rules of a contract for an experience modifier - -An indicator of an
insured and insurance company employer's claims experience; a factor used in
premium computation
coverage territory - -The geographic area
where insurance applies hired autos - -Autos that a business
organization or sole proprietor leases, hires,
rents, or borrows; does not include autos
Declarations - -The part of a policy that belonging to employees or partners or any of
shows the who, what, when, and where their family members
deductible - -The amount the insurance indemnify - -when the insured pays for the
company reduces its payment for a loss; it is covered claim and then asks for reimbursement
shown in the Declarations for each coverage from the insurance company
depreciation - -The amount of value an Information Page - -A page of declaratory
auto has lost due to its age, mileage, or wear information found in Workers Compensation
and tear policies. The page outlines the employer being
insured, the policy period (when the coverage
begins and ends), and the coverage provided by
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accident - -An event or continuous or diminution - -The perceived loss in market
repeated exposure to the same conditions or resale value resulting from a direct and
resulting in bodily injury or property damage accidental "loss"
auto - -A land motor vehicle; "trailer" or duty to defend - -An insurance company's
semitrailer designed for travel on public roads; or assumed obligation to defend an insured for any
any other land vehicle that is subject to a covered claim
compulsory or financial responsibility law or other
motor vehicle insurance law where it is licensed
or principally garaged. An auto does not include employee - -Includes a "leased worker;"
"mobile equipment." does not include a "temporary worker"
bodily injury - -Injury, sickness, or death endorsements - -Additions to a policy that
sustained by a person amend the coverage provided in the coverage
form
concurrency - -When the dates of an
Excess/Umbrella policy and an underlying policy exclusions - -Provisions that specify
or policies are the same situations where coverage does not apply
conditions - -The rules of a contract for an experience modifier - -An indicator of an
insured and insurance company employer's claims experience; a factor used in
premium computation
coverage territory - -The geographic area
where insurance applies hired autos - -Autos that a business
organization or sole proprietor leases, hires,
rents, or borrows; does not include autos
Declarations - -The part of a policy that belonging to employees or partners or any of
shows the who, what, when, and where their family members
deductible - -The amount the insurance indemnify - -when the insured pays for the
company reduces its payment for a loss; it is covered claim and then asks for reimbursement
shown in the Declarations for each coverage from the insurance company
depreciation - -The amount of value an Information Page - -A page of declaratory
auto has lost due to its age, mileage, or wear information found in Workers Compensation
and tear policies. The page outlines the employer being
insured, the policy period (when the coverage
begins and ends), and the coverage provided by
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