CIC - Commercial Casualty Institute Exam Questions and Answers

CIC - Commercial Casualty Institute Exam Questions and Answers Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) - Ans ️️ 1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) - Ans ️️ Occurrence Form: - BI/PD must occur during the policy period - P/Adv committed during policy period - The policy in force when the injury or damage takes place is the one that responds Claims Made Form: - BI/PD must occur on or after the Retro Date shown in Declarations - P/Adv must have been committed on or after the Retro Date