CIC COMMERCIAL MULTILINE - INLAND
MARINE BAILEE-BAILOR SEGMENT
EXAM QUESTIONS WITH CORRECT
ANSWERS
Marine Policies Cover: - Answer--Imports - Goods coming into the USA
-Exports - Goods leaving the USA
-Domestic shipments - Goods moving around the USA
-Instruments of transportation and communication - Not necessarily mobile but facilitate
movement of goods
─ Bridges
─ Tunnels
─ Piers, wharfs, docks
─ Railways
─ Pipelines
─ Transmission lines
─ Communication equipment - towers, antennas, etc.
- Floaters (property that does not always stay at described location)
Filed or Controlled Forms: Characteristics - Answer-1. Relative uniformity of exposure
2. General agreement by the insurance industry concerning appropriate coverage
provisions, underwriting rules, and rates
3. Tend to be specialty coverages (ex: Accounts receivable insures only accounts
receivable)
4. Inflexible terms and conditions - Non Negotiable
5. Outcome of filed or controlled forms
- Rates filed
- Coverage forms filed ex: Accounts Receivable; Valuable Papers and Records; Signs;
Commercial Articles.
- Filing Orgs: American Association of Insurance Services (AAIS) & Insurance Services
Office (ISO)
Non-Filed or Unfiled Forms: Characteristics - Answer-1. Exposures not uniform
2. Exposures too unique or diverse - require case by case
3. More flexibility - terms & conditions are negotiable
4. Examples of Classes: Contractors Equipment; Transportation Policies; Builders Risk
Policies
5. Outcome of non‐filed or unfiled forms
- Rates not filed
- Coverage forms not filed
6. Filing requirements vary by jurisdiction
MARINE BAILEE-BAILOR SEGMENT
EXAM QUESTIONS WITH CORRECT
ANSWERS
Marine Policies Cover: - Answer--Imports - Goods coming into the USA
-Exports - Goods leaving the USA
-Domestic shipments - Goods moving around the USA
-Instruments of transportation and communication - Not necessarily mobile but facilitate
movement of goods
─ Bridges
─ Tunnels
─ Piers, wharfs, docks
─ Railways
─ Pipelines
─ Transmission lines
─ Communication equipment - towers, antennas, etc.
- Floaters (property that does not always stay at described location)
Filed or Controlled Forms: Characteristics - Answer-1. Relative uniformity of exposure
2. General agreement by the insurance industry concerning appropriate coverage
provisions, underwriting rules, and rates
3. Tend to be specialty coverages (ex: Accounts receivable insures only accounts
receivable)
4. Inflexible terms and conditions - Non Negotiable
5. Outcome of filed or controlled forms
- Rates filed
- Coverage forms filed ex: Accounts Receivable; Valuable Papers and Records; Signs;
Commercial Articles.
- Filing Orgs: American Association of Insurance Services (AAIS) & Insurance Services
Office (ISO)
Non-Filed or Unfiled Forms: Characteristics - Answer-1. Exposures not uniform
2. Exposures too unique or diverse - require case by case
3. More flexibility - terms & conditions are negotiable
4. Examples of Classes: Contractors Equipment; Transportation Policies; Builders Risk
Policies
5. Outcome of non‐filed or unfiled forms
- Rates not filed
- Coverage forms not filed
6. Filing requirements vary by jurisdiction
