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Exam (elaborations)
Commercial Casualty questions with correct answers
Preview 4 out of 52 pages
What are the two promises the insurer makes? CORRECT ANSWER-1. Indemnity 2.Defense A Commercial General Liability Policy may be written as a CORRECT ANSWER-1. Monoline Policy 2. Multi-Line Policy 6 different forms of business CORRECT ANSWER-1. Individual 2. Partnership 3. Joint Venture 4. Trust 5. Limited Liability Company 6. Organization, including, but not limited to corporations The 5 sections to a CGL Form CORRECT ANSWER-Section I - Coverages Coverage A - Bodily Injury and Property Damage Coverage B - Personal and Advertising Injury Coverage C - Medical Payments Section II - Who is an Insured? Section III - Limits of Insurance
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