LOUISIANA PROPERTY AND CASUALTY UPDATED
EXAMS SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔The Boiler and Machinery (B and M) module is the way to _____ these Exclusions. -
✔✔Buy back
✔✔B and M policies are written on an ____ basis, not on an occurrence basis. -
✔✔Accident
✔✔The Boiler coverage is best described as ____ against _____. - ✔✔objects against
accidents
✔✔The Machinery coverage of the B and M module is for the ____ and ____
breakdown of mechanical or electrical equipment. - ✔✔sudden and accidental
✔✔______ that can be insured under a B and M policy include boilers, air conditioning
units, engines, pumps, electrical panels, turbines, and compressors. - ✔✔Objects
✔✔The B and M policy covers not only your own property, but also other people's
property that is in your ___,____, and ____. - ✔✔Care, Custody and Control.
✔✔In order to get damaged equipment repaired as soon as possible, the B and M
policy pays up to $25,000 in ______. - ✔✔Expediting Expenses
✔✔Under the ______ an insurance company boiler inspector may immediately suspend
coverage by giving the Insured written notice of the boiler defect. - ✔✔Suspension
Provision
✔✔Business Income and ______ coverage's can be added to the B and M policy. -
✔✔Extra Expense
✔✔Unfortunately the biggest risk that an employer has regarding Crime insurance is
his/her own ___. - ✔✔Employees
✔✔As an employer you can protect yourself against employee theft by purchasing
_____. - ✔✔Fidelity Bonds
✔✔In a Fidelity Bond it is the employee that owes the obligation to the employee, so the
employee is the _____. The employer is owed the obligation, so the employer is the
_____. The insurance company agrees to pay, so it is the _____. - ✔✔Principal,
Obligee, Surety or Guarantor.
,✔✔Coverage on a bonded employee automatically terminates as soon as the employer
becomes aware of a _____ act of that employee that could be the basis of a claim. No
second chances! - ✔✔Dishonest
✔✔A Fidelity Bond that covers multiple employees that are listed by job title and may
have different amounts of coverage for different positions is called a ____. - ✔✔Position
Schedule Bond
✔✔The taking of property by violence or threat of violence from a person is called
_____. - ✔✔Robbery
✔✔The taking of property from a premises that is closed and locked tight and leaving
marks of forced entry or exit is called _____. - ✔✔Burglary
✔✔In Crime insurance, what you know as kidnapping is called _____. - ✔✔Extortion
✔✔Any person who is authorized to have possession of insured property on the
premises, but who is not a janitor or watch person, is called a _____. - ✔✔Custodian
✔✔A Messenger is any person authorized to have custody of insured property ______.
- ✔✔Away from the premises.
✔✔Any person the Insured retains to protect insured property on the premises who has
no other duties is called a _____. - ✔✔Watch person
✔✔Crime coverage Form A Employee Dishonesty are actually _____ on the
employees. - ✔✔Fidelity Bonds
✔✔Crime coverage Form C Theft, Disappearance and Destruction is essentially All Risk
coverage for ____ and ____ both on and off premises. - ✔✔Cash and Securities
✔✔Crime coverage Form D Robbery and Safe Burglary covers property other than
_____, such as precious metal, precious stones, furs, manuscripts or drawings. -
✔✔Cash
✔✔The second major coverage of the Commercial Package Policy is the CGL or _____
Liability policy. - ✔✔Commercial General
✔✔Just like a baseball team, the CGL has ___ ''players,'' including Premises coverage,
Operations coverage, _____ coverage, ____ coverage, Contractual and Advertising
Injury coverage. - ✔✔Nine, Products, and Fire Legal
, ✔✔While the CGL comes with nine coverage's, some can be eliminated by _____
coverage's to save premium for the Insured. - ✔✔endorsement
✔✔If a customer trips and falls in your store, you would be covered by the _____
Liability section of your CGL. - ✔✔Premises
✔✔If you sold a defective product to a customer, you would be protected by the _____
section of your CGL. - ✔✔Products Liability
✔✔If you hire a contractor to come into your store to do some repairs and that
contractor injures one of your customers, you would be covered by the ______ section
of your CGL. - ✔✔Independent Contractors Liability
✔✔If you accidentally set your leased store on fire, you would be covered by the _____
section of your CGL. - ✔✔Fire Legal Liability
✔✔If you are sued for unintentionally using another business's logo, you would be
covered by the ______ section of your CGL. - ✔✔Advertising Injury Liability
✔✔The first module of the Commercial Package Policy (CPP), which covers your
building and business personal property, is called the _____. - ✔✔Commercial Property
Policy
✔✔The Commercial Property Policy is comprised of thirteen possible sub-parts to cover
about any kind of property you could own, including ______, Business Income, _____,
Glass, Builder's Risk and Tobacco Sales Warehouse. - ✔✔Building and Business
Personal Property, Extra Expense
✔✔The Commercial Property Policy, just like the Homeowners policy, offers three levels
of peril power, which are Basic, ____ and ____. - ✔✔Broad and special
✔✔The eleven Basic perils include Windstorm, ___, _____, ____, ____, _____,
Volcano and Vehicles or Aircraft. - ✔✔Riot, Explosion, Lightning, Fire, Smoke
✔✔Broad Form peril power adds ____ more perils for a total of ____. - ✔✔Three, 14
✔✔_____ perils cover all perils not specifically excluded. - ✔✔Special Form
✔✔The peril of _____ can be added to any of the three peril power forms and also
covers Volcanic Eruption. - ✔✔Earthquake
EXAMS SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔The Boiler and Machinery (B and M) module is the way to _____ these Exclusions. -
✔✔Buy back
✔✔B and M policies are written on an ____ basis, not on an occurrence basis. -
✔✔Accident
✔✔The Boiler coverage is best described as ____ against _____. - ✔✔objects against
accidents
✔✔The Machinery coverage of the B and M module is for the ____ and ____
breakdown of mechanical or electrical equipment. - ✔✔sudden and accidental
✔✔______ that can be insured under a B and M policy include boilers, air conditioning
units, engines, pumps, electrical panels, turbines, and compressors. - ✔✔Objects
✔✔The B and M policy covers not only your own property, but also other people's
property that is in your ___,____, and ____. - ✔✔Care, Custody and Control.
✔✔In order to get damaged equipment repaired as soon as possible, the B and M
policy pays up to $25,000 in ______. - ✔✔Expediting Expenses
✔✔Under the ______ an insurance company boiler inspector may immediately suspend
coverage by giving the Insured written notice of the boiler defect. - ✔✔Suspension
Provision
✔✔Business Income and ______ coverage's can be added to the B and M policy. -
✔✔Extra Expense
✔✔Unfortunately the biggest risk that an employer has regarding Crime insurance is
his/her own ___. - ✔✔Employees
✔✔As an employer you can protect yourself against employee theft by purchasing
_____. - ✔✔Fidelity Bonds
✔✔In a Fidelity Bond it is the employee that owes the obligation to the employee, so the
employee is the _____. The employer is owed the obligation, so the employer is the
_____. The insurance company agrees to pay, so it is the _____. - ✔✔Principal,
Obligee, Surety or Guarantor.
,✔✔Coverage on a bonded employee automatically terminates as soon as the employer
becomes aware of a _____ act of that employee that could be the basis of a claim. No
second chances! - ✔✔Dishonest
✔✔A Fidelity Bond that covers multiple employees that are listed by job title and may
have different amounts of coverage for different positions is called a ____. - ✔✔Position
Schedule Bond
✔✔The taking of property by violence or threat of violence from a person is called
_____. - ✔✔Robbery
✔✔The taking of property from a premises that is closed and locked tight and leaving
marks of forced entry or exit is called _____. - ✔✔Burglary
✔✔In Crime insurance, what you know as kidnapping is called _____. - ✔✔Extortion
✔✔Any person who is authorized to have possession of insured property on the
premises, but who is not a janitor or watch person, is called a _____. - ✔✔Custodian
✔✔A Messenger is any person authorized to have custody of insured property ______.
- ✔✔Away from the premises.
✔✔Any person the Insured retains to protect insured property on the premises who has
no other duties is called a _____. - ✔✔Watch person
✔✔Crime coverage Form A Employee Dishonesty are actually _____ on the
employees. - ✔✔Fidelity Bonds
✔✔Crime coverage Form C Theft, Disappearance and Destruction is essentially All Risk
coverage for ____ and ____ both on and off premises. - ✔✔Cash and Securities
✔✔Crime coverage Form D Robbery and Safe Burglary covers property other than
_____, such as precious metal, precious stones, furs, manuscripts or drawings. -
✔✔Cash
✔✔The second major coverage of the Commercial Package Policy is the CGL or _____
Liability policy. - ✔✔Commercial General
✔✔Just like a baseball team, the CGL has ___ ''players,'' including Premises coverage,
Operations coverage, _____ coverage, ____ coverage, Contractual and Advertising
Injury coverage. - ✔✔Nine, Products, and Fire Legal
, ✔✔While the CGL comes with nine coverage's, some can be eliminated by _____
coverage's to save premium for the Insured. - ✔✔endorsement
✔✔If a customer trips and falls in your store, you would be covered by the _____
Liability section of your CGL. - ✔✔Premises
✔✔If you sold a defective product to a customer, you would be protected by the _____
section of your CGL. - ✔✔Products Liability
✔✔If you hire a contractor to come into your store to do some repairs and that
contractor injures one of your customers, you would be covered by the ______ section
of your CGL. - ✔✔Independent Contractors Liability
✔✔If you accidentally set your leased store on fire, you would be covered by the _____
section of your CGL. - ✔✔Fire Legal Liability
✔✔If you are sued for unintentionally using another business's logo, you would be
covered by the ______ section of your CGL. - ✔✔Advertising Injury Liability
✔✔The first module of the Commercial Package Policy (CPP), which covers your
building and business personal property, is called the _____. - ✔✔Commercial Property
Policy
✔✔The Commercial Property Policy is comprised of thirteen possible sub-parts to cover
about any kind of property you could own, including ______, Business Income, _____,
Glass, Builder's Risk and Tobacco Sales Warehouse. - ✔✔Building and Business
Personal Property, Extra Expense
✔✔The Commercial Property Policy, just like the Homeowners policy, offers three levels
of peril power, which are Basic, ____ and ____. - ✔✔Broad and special
✔✔The eleven Basic perils include Windstorm, ___, _____, ____, ____, _____,
Volcano and Vehicles or Aircraft. - ✔✔Riot, Explosion, Lightning, Fire, Smoke
✔✔Broad Form peril power adds ____ more perils for a total of ____. - ✔✔Three, 14
✔✔_____ perils cover all perils not specifically excluded. - ✔✔Special Form
✔✔The peril of _____ can be added to any of the three peril power forms and also
covers Volcanic Eruption. - ✔✔Earthquake
