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Commercial Casualty -CIC Exam with accurate detailed answers
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Liability exposures under coverage A of CGL Policy- BI & PD - ✔✔Premises
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Operations ||
Products ||
Completed Operations || ||
Contractual ||
Contingent
Liability exposures under coverage B of CGL Policy - Personal & adv. Injury - ✔✔Operations
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Contingent
Liability exposures under coverage C of CGL Policy - Medical Payments - ✔✔Premises
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Operations
Premises Liability applies to who? - ✔✔Owners, landlords, & tenants & arises out of the
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ownership, maintenance/use of the named insured's premises.
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What endorsement limits coverage to designated premises, project or operations? -
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✔✔Limitation to designated premises, project or operations form
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What is Business Operations Liability? - ✔✔Liability arises from activities involved in the
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operation of an organization including service & repair activities usually done on the
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premises of others, while the activity is being conducted.
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What is products liability? - ✔✔Arises out of the sale, distribution or manufacture
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Products-completed operations hazard liability includes what? - ✔✔Coverage for BI & PD || || || || || || || || || || || ||
that occurs away from premises you own/rent & arising out of your product or your work.
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What are the 2 exceptions for coverage w/ products & completed ops? - ✔✔1) Products
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that are still in your physical possession OR
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2) Work that has not yet been completed or abandoned
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W/ products & completed ops, when is your work considered completed? - ✔✔The earliest
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of these:
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1) When all the work called for in your contract has been completed.
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2)When all of the work to be done at the jobsite has been completed if your contract calls
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for work at more than one jobsite.
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3)When work done at a jobsite has been put to its intended use by any person or
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organization other then the contractor or subs working on it. || || || || || || || || || ||
-Work that may need service, maintenance, correction, repair or replacement but which is
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otherwise complete will be treated as completed.
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What form can add coverage for products & completed ops for coverage on premises? -
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✔✔Products/completed operations hazard redefined || || ||
Products/completed operations hazard redefined provides coverage for what? - ✔✔BI or PD || || || || || || || || || || || ||
arising out of your products manufactured, sold, handled or distributed....
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1) on, from or in connection with the use of any premises described in the scheduled OR
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2)In connection with the conduct of any operations described in the schedule, when
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conducted by you or on your behalf, includes all BI & PD that arises out of your products if
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the BI & PD occurs after you have relinquished possession of those products.
|| || || || || || || || || || || ||
What is Completed operations liability? - ✔✔Liability arises from activities in the operation
|| || || || || || || || || || || || ||
of an organization including service & repair activities usually done on the premises of
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others, after the activity has been concluded.
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What does the Exclusion for Designated Products exclude? - ✔✔No BI/PD coverage arising
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out of the named insured's products indicated in the endorsement schedule (allows you to
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laser out coverage for products you want to exclude)
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Contractual liability? - ✔✔Arises from one party assuming responsibility of another party.
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Contingent liability? - ✔✔Arises out of work performed from the named insured by
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someone else. ||
Personal injury liability? - ✔✔Liability arising from intentional torts.
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Advertising Liability? - ✔✔Liability caused by harm from such things as misappropriation of
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advertising ideas, style of doing business or infringement of copyright.
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Symbol 2 on auto - ✔✔owned autos only (includes trailers you don't own while attached to
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veh)
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Symbol 3 on auto - ✔✔owned Private passenger vehicles only (includes towing & labor)
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Symbol 4 on auto - ✔✔owned autos other than private passenger vehicles
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Symbol 5 on auto - ✔✔Owned autos subject to no fault (w/ states that require & no fault
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cannot be rejected-includes newly acquired subject to this as well)
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Symbol 6 on auto - ✔✔when required by compulsory uninsured motors laws (w/ states that
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require & uninsured cannot be rejected-includes newly acquired subject to this as well)
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Commercial Casualty -CIC Exam with accurate detailed answers
|| || || || || || ||
Liability exposures under coverage A of CGL Policy- BI & PD - ✔✔Premises
|| || || || || || || || || || || ||
Operations ||
Products ||
Completed Operations || ||
Contractual ||
Contingent
Liability exposures under coverage B of CGL Policy - Personal & adv. Injury - ✔✔Operations
|| || || || || || || || || || || || || ||
Contingent
Liability exposures under coverage C of CGL Policy - Medical Payments - ✔✔Premises
|| || || || || || || || || || || || ||
Operations
Premises Liability applies to who? - ✔✔Owners, landlords, & tenants & arises out of the
|| || || || || || || || || || || || || || ||
ownership, maintenance/use of the named insured's premises.
|| || || || || ||
What endorsement limits coverage to designated premises, project or operations? -
|| || || || || || || || || || ||
✔✔Limitation to designated premises, project or operations form
|| || || || || || ||
What is Business Operations Liability? - ✔✔Liability arises from activities involved in the
|| || || || || || || || || || || || ||
operation of an organization including service & repair activities usually done on the
|| || || || || || || || || || || || ||
premises of others, while the activity is being conducted.
|| || || || || || || ||
What is products liability? - ✔✔Arises out of the sale, distribution or manufacture
|| || || || || || || || || || || ||
,2
Products-completed operations hazard liability includes what? - ✔✔Coverage for BI & PD || || || || || || || || || || || ||
that occurs away from premises you own/rent & arising out of your product or your work.
|| || || || || || || || || || || || || || ||
What are the 2 exceptions for coverage w/ products & completed ops? - ✔✔1) Products
|| || || || || || || || || || || || || || ||
that are still in your physical possession OR
|| || || || || || ||
2) Work that has not yet been completed or abandoned
|| || || || || || || || ||
W/ products & completed ops, when is your work considered completed? - ✔✔The earliest
|| || || || || || || || || || || || || ||
of these:
|| ||
1) When all the work called for in your contract has been completed.
|| || || || || || || || || || || ||
2)When all of the work to be done at the jobsite has been completed if your contract calls
|| || || || || || || || || || || || || || || || || ||
for work at more than one jobsite.
|| || || || || || ||
3)When work done at a jobsite has been put to its intended use by any person or
|| || || || || || || || || || || || || || || || ||
organization other then the contractor or subs working on it. || || || || || || || || || ||
-Work that may need service, maintenance, correction, repair or replacement but which is
|| || || || || || || || || || || || ||
otherwise complete will be treated as completed.
|| || || || || ||
What form can add coverage for products & completed ops for coverage on premises? -
|| || || || || || || || || || || || || || ||
✔✔Products/completed operations hazard redefined || || ||
Products/completed operations hazard redefined provides coverage for what? - ✔✔BI or PD || || || || || || || || || || || ||
arising out of your products manufactured, sold, handled or distributed....
|| || || || || || || || ||
1) on, from or in connection with the use of any premises described in the scheduled OR
|| || || || || || || || || || || || || || || ||
2)In connection with the conduct of any operations described in the schedule, when
|| || || || || || || || || || || || ||
conducted by you or on your behalf, includes all BI & PD that arises out of your products if
|| || || || || || || || || || || || || || || || || || ||
the BI & PD occurs after you have relinquished possession of those products.
|| || || || || || || || || || || ||
What is Completed operations liability? - ✔✔Liability arises from activities in the operation
|| || || || || || || || || || || || ||
of an organization including service & repair activities usually done on the premises of
|| || || || || || || || || || || || || ||
others, after the activity has been concluded.
|| || || || || ||
, 2
What does the Exclusion for Designated Products exclude? - ✔✔No BI/PD coverage arising
|| || || || || || || || || || || || ||
out of the named insured's products indicated in the endorsement schedule (allows you to
|| || || || || || || || || || || || || ||
laser out coverage for products you want to exclude)
|| || || || || || || ||
Contractual liability? - ✔✔Arises from one party assuming responsibility of another party.
|| || || || || || || || || || ||
Contingent liability? - ✔✔Arises out of work performed from the named insured by
|| || || || || || || || || || || || ||
someone else. ||
Personal injury liability? - ✔✔Liability arising from intentional torts.
|| || || || || || || ||
Advertising Liability? - ✔✔Liability caused by harm from such things as misappropriation of
|| || || || || || || || || || || || ||
advertising ideas, style of doing business or infringement of copyright.
|| || || || || || || || ||
Symbol 2 on auto - ✔✔owned autos only (includes trailers you don't own while attached to
|| || || || || || || || || || || || || || ||
veh)
||
Symbol 3 on auto - ✔✔owned Private passenger vehicles only (includes towing & labor)
|| || || || || || || || || || || || ||
Symbol 4 on auto - ✔✔owned autos other than private passenger vehicles
|| || || || || || || || || || ||
Symbol 5 on auto - ✔✔Owned autos subject to no fault (w/ states that require & no fault
|| || || || || || || || || || || || || || || || || ||
cannot be rejected-includes newly acquired subject to this as well)
|| || || || || || || || ||
Symbol 6 on auto - ✔✔when required by compulsory uninsured motors laws (w/ states that
|| || || || || || || || || || || || || ||
require & uninsured cannot be rejected-includes newly acquired subject to this as well)
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