NJ Casualty Exam correctly answered rated A+

NJ Casualty ExamOn a CGL, the ____1____ limits apply separately for each claim, but the ____2____ limit applies to all claims turned in during the policy period. - correct answer 1. Occurrence. 2. Aggregate. The CGL always contains 3 coverage sections: Part A, Part B, and Part C. There is NO ______________. - correct answer Part A - Liability Part B - Personal/Advertising Injury Part C - Medical Payments to Others. - THERE IS NO DEDUCTIBLES. On a CGL Policy, the "Medical to Others" coverage applies on a __________ basis. - correct answer Per-person Basis. On a CGL, the fire legal coverage applies on a ___________ basis. - correct answer Per-occurrence Basis. Products Liability applies ONLY _______. - correct answer After the product is out of control of the insured. Product Liability does NOT cover _________. - correct answer The cost of a recall or resulting lost income. An occurrence basis liability policy covers claims that occur in ____1____, even if turned in ____2____. - correct answer 1. The Policy Period. 2. After the Expiration Date. The retroactive date on a claims-made CGL only applies to _____. - correct answer Coverage A (BI and PD).