CIC COMMERCIAL MULTILINE TESTS EXAM PREMIUM SCRIPT TESTED QUESTIONS
CORRECT ANSWERS
CIC Commercial Multiline Tests EXAM 2026/2027
Final Paper Questions and Answers Verified
Solutions Latest Update
Question:
Group 2 exclusions- builders risk.
Answer:
-contamination or deterioration (resultant damage covered if by covered peril) Criminal, Fraudulent,
Dishonest, Or Illegal Acts Defects, Errors, And Omissions (if these result in a covered peril, then
resulted damage is paid) Delay In Completion And Increased Construction Costs Electrical Currents
Loss Of Use And Consequential Loss Mechanical Breakdown (if results in specified peril, damage
is covered) Missing Property Pollutants (unless pollutants released caused by specified peril Steam
Boiler Explosion (except if causes damage by fire) Temperature/Humidity Voluntary Parting Wear
And Tear Equipment Breakdown and Testing Issues (electrical current, mechanical breakdown,
steam boiler explosion)
Question:
Equipment Breakdown And Testing Coverage (IM 7083 08 10).
Answer:
-accident must involve mechanical breakdown, artificially generated current, steam equipment, or
water heating equipment) provides coverage for loss to covered property caused by an accident to
covered equipment
Question:
Testing Endorsement (IM 7076 01 12).
Answer:
-begins by adding an additional testing exclusion adds back testing coverage with a specific limit of
insurance
,Question:
When Coverage Ends (Builders Risk).
Answer:
1) occupancy and use, occupied in whole or in part and/or its put to its intended use ADD
PERMISSION TO OCCUPY 2) This policy expires or is cancelled. 3) The covered building or
structure is accepted by the purchaser. 4) The insured's insurable interest in the covered property
ceases 5)The insured abandons construction with no intent to complete it. 6)Covered buildings or
structures have been completed for more than 90 days. Exposures to completed buildings are
different than those for builders risk.
Question:
Time Element Coverages Builders Risk.
Answer:
DELAY IN COMPLETION SCHEDULE can add Rental Income and Income Coverages if project
is delayed due to covered loss 30 day limit can include Additional Construction Expenses
(advertising, design fees, financing, permit fees, professional fees) can include Additional Soft C
osts (interest payments, insurance premiums, lease expenses) general administration expenses and
overhead expenses coverage (additional clerical personal, security costs) can buy sewer back up
coverage extensions (ordinance or law)
Question:
Purpose of the Installation Floater.
Answer:
-covers materials and equipment to be installed in an existing building or structure or to cover a
particular aspect of a project
Question:
Why purchase an installation floater?
Answer:
-gives trade contractors a chance to have a say in the policy limits, coverage features, and
deductibles of their insurable interest contract could require them to cover materials and equipment
, away from the jobsite many contractors work on projects not coverable under builders risk (HVAC
installing heat)
Question:
Property Covered Installation Floater Coverage (IM 7100 08 10).
Answer:
-direct physical loss or damage to materials, supplies, fixtures, machinery, or equipment and similar
property of others in the insured's care, custody, or control AT JOBSITE covers property, at a
jobsite, that the named insured is installing, constructing, or rigging. Such operations must be part of
an installation project.
Question:
Property Not Covered Installation Floater.
Answer:
-Airborne Property (except while in transit on a regularly scheduled airline flight) Buildings,
Structures, And Land Contraband Machinery, Tools, Or Equipment (or similar property) that will
not be a permanent part of the project Trees, Shrubs, Plants, or and lawns Waterborne Property
(except while in transit in the custody of a carrier for hire)
Question:
Coverage Extensions Installation Floater.
Answer:
-Debris Removal Sublimit: 25% of the amount paid for direct loss Additional amount: $5,000
Emergency removal: 10 days Limited Fungus Coverage: $15,000 annual aggregate limit
Question:
Supplemental Coverages Installation Floater.
Answer:
focus on (TEMP STORAGE/TRANSIT) Pollutant Cleanup And Removal: $10,000 annual
aggregate limit Sewer Backup: $5,000 Temporary Storage Locations: $5,000** Transit: $5,000*
CORRECT ANSWERS
CIC Commercial Multiline Tests EXAM 2026/2027
Final Paper Questions and Answers Verified
Solutions Latest Update
Question:
Group 2 exclusions- builders risk.
Answer:
-contamination or deterioration (resultant damage covered if by covered peril) Criminal, Fraudulent,
Dishonest, Or Illegal Acts Defects, Errors, And Omissions (if these result in a covered peril, then
resulted damage is paid) Delay In Completion And Increased Construction Costs Electrical Currents
Loss Of Use And Consequential Loss Mechanical Breakdown (if results in specified peril, damage
is covered) Missing Property Pollutants (unless pollutants released caused by specified peril Steam
Boiler Explosion (except if causes damage by fire) Temperature/Humidity Voluntary Parting Wear
And Tear Equipment Breakdown and Testing Issues (electrical current, mechanical breakdown,
steam boiler explosion)
Question:
Equipment Breakdown And Testing Coverage (IM 7083 08 10).
Answer:
-accident must involve mechanical breakdown, artificially generated current, steam equipment, or
water heating equipment) provides coverage for loss to covered property caused by an accident to
covered equipment
Question:
Testing Endorsement (IM 7076 01 12).
Answer:
-begins by adding an additional testing exclusion adds back testing coverage with a specific limit of
insurance
,Question:
When Coverage Ends (Builders Risk).
Answer:
1) occupancy and use, occupied in whole or in part and/or its put to its intended use ADD
PERMISSION TO OCCUPY 2) This policy expires or is cancelled. 3) The covered building or
structure is accepted by the purchaser. 4) The insured's insurable interest in the covered property
ceases 5)The insured abandons construction with no intent to complete it. 6)Covered buildings or
structures have been completed for more than 90 days. Exposures to completed buildings are
different than those for builders risk.
Question:
Time Element Coverages Builders Risk.
Answer:
DELAY IN COMPLETION SCHEDULE can add Rental Income and Income Coverages if project
is delayed due to covered loss 30 day limit can include Additional Construction Expenses
(advertising, design fees, financing, permit fees, professional fees) can include Additional Soft C
osts (interest payments, insurance premiums, lease expenses) general administration expenses and
overhead expenses coverage (additional clerical personal, security costs) can buy sewer back up
coverage extensions (ordinance or law)
Question:
Purpose of the Installation Floater.
Answer:
-covers materials and equipment to be installed in an existing building or structure or to cover a
particular aspect of a project
Question:
Why purchase an installation floater?
Answer:
-gives trade contractors a chance to have a say in the policy limits, coverage features, and
deductibles of their insurable interest contract could require them to cover materials and equipment
, away from the jobsite many contractors work on projects not coverable under builders risk (HVAC
installing heat)
Question:
Property Covered Installation Floater Coverage (IM 7100 08 10).
Answer:
-direct physical loss or damage to materials, supplies, fixtures, machinery, or equipment and similar
property of others in the insured's care, custody, or control AT JOBSITE covers property, at a
jobsite, that the named insured is installing, constructing, or rigging. Such operations must be part of
an installation project.
Question:
Property Not Covered Installation Floater.
Answer:
-Airborne Property (except while in transit on a regularly scheduled airline flight) Buildings,
Structures, And Land Contraband Machinery, Tools, Or Equipment (or similar property) that will
not be a permanent part of the project Trees, Shrubs, Plants, or and lawns Waterborne Property
(except while in transit in the custody of a carrier for hire)
Question:
Coverage Extensions Installation Floater.
Answer:
-Debris Removal Sublimit: 25% of the amount paid for direct loss Additional amount: $5,000
Emergency removal: 10 days Limited Fungus Coverage: $15,000 annual aggregate limit
Question:
Supplemental Coverages Installation Floater.
Answer:
focus on (TEMP STORAGE/TRANSIT) Pollutant Cleanup And Removal: $10,000 annual
aggregate limit Sewer Backup: $5,000 Temporary Storage Locations: $5,000** Transit: $5,000*
