CISR Commercial Casualty 1 Exam
with Complete Solutions
Liability exposures covered by the CGL coverage Form - Answer-Premises Liability
Operations Liability
Products Liability
Completed Operations Liability
Contractual Liabilitiy
Contingent (Vicarious) Liability
Personal and Advertising Injury Liability
Three types of Insureds - Answer-Named Insured
Automatic Insured
Additional Insured
Named Insured - Answer-the person or organization specifically named on the
Declarations
Automatic Insured - Answer-specific parties that are granted status as an insured;
depends on the type of organizational structure of the Named insured
coverage does not extend to non-business activities
Additional Insured - Answer-third parites that are granted status through a deliberate
endorsement
Status is based on the business relationship between two entites
Individual Automatic Insureds - Answer-Named individual and Spouse
Partnership or Joint Venture automatic insureds - Answer-Named Partnership
Named Joint Venture
Partner
Members
Spouse
Limited Liability Company automatic insureds - Answer-Named LLC
Members
Managers
, Organization Automatic Insureds - Answer-Named entity
executive officers
directors
stockholders
Trust Automatic Insureds - Answer-Named Trust
Trustees
Who is an Insured Other - Answer-Death
Employees within the scope of employment (includes leased worker does not include
temporary worker)
Volunteers
Real Estate Managers
Newly acquired or Newly Formed Organizations - other than a partnership, joint venture,
or LLC
Leased worker - Answer-included as an automatic insured. a person leased to you by a
labor leasing firm under an agreement to perform duties related to the conduct of your
buisness
Temporary Worker - Answer-not included - furnished to you to substitute foir a
permanent employee on leave or to meet seasonal/shorterm workload conditions
Occurrence - Answer-a one-time accident or exposure to a harmful condition that is
either repeated over a long or continuous period of time
Coverage territory - Answer-US territories possesions, PR CA
limited worldwide as long as the suit is brought in the coverage territory
Bodily Injury - Answer-any physical injury, sickness, or disease sustained by a person
Property Damage - Answer-direct damage and resulting loss of use of tangible property
Liability - Answer-the state of being bound or obliged in law or justice to do, pay or make
good something: legal responsibility
Common law - Answer-set of legal rules used in the US to resolve civil not criminal
disputes in courts
Legal Responsibility - Answer-determined in court by either a judge or jury
Types of Liability Exposures - Answer-Premises
Operations
Products
Completed Operations
with Complete Solutions
Liability exposures covered by the CGL coverage Form - Answer-Premises Liability
Operations Liability
Products Liability
Completed Operations Liability
Contractual Liabilitiy
Contingent (Vicarious) Liability
Personal and Advertising Injury Liability
Three types of Insureds - Answer-Named Insured
Automatic Insured
Additional Insured
Named Insured - Answer-the person or organization specifically named on the
Declarations
Automatic Insured - Answer-specific parties that are granted status as an insured;
depends on the type of organizational structure of the Named insured
coverage does not extend to non-business activities
Additional Insured - Answer-third parites that are granted status through a deliberate
endorsement
Status is based on the business relationship between two entites
Individual Automatic Insureds - Answer-Named individual and Spouse
Partnership or Joint Venture automatic insureds - Answer-Named Partnership
Named Joint Venture
Partner
Members
Spouse
Limited Liability Company automatic insureds - Answer-Named LLC
Members
Managers
, Organization Automatic Insureds - Answer-Named entity
executive officers
directors
stockholders
Trust Automatic Insureds - Answer-Named Trust
Trustees
Who is an Insured Other - Answer-Death
Employees within the scope of employment (includes leased worker does not include
temporary worker)
Volunteers
Real Estate Managers
Newly acquired or Newly Formed Organizations - other than a partnership, joint venture,
or LLC
Leased worker - Answer-included as an automatic insured. a person leased to you by a
labor leasing firm under an agreement to perform duties related to the conduct of your
buisness
Temporary Worker - Answer-not included - furnished to you to substitute foir a
permanent employee on leave or to meet seasonal/shorterm workload conditions
Occurrence - Answer-a one-time accident or exposure to a harmful condition that is
either repeated over a long or continuous period of time
Coverage territory - Answer-US territories possesions, PR CA
limited worldwide as long as the suit is brought in the coverage territory
Bodily Injury - Answer-any physical injury, sickness, or disease sustained by a person
Property Damage - Answer-direct damage and resulting loss of use of tangible property
Liability - Answer-the state of being bound or obliged in law or justice to do, pay or make
good something: legal responsibility
Common law - Answer-set of legal rules used in the US to resolve civil not criminal
disputes in courts
Legal Responsibility - Answer-determined in court by either a judge or jury
Types of Liability Exposures - Answer-Premises
Operations
Products
Completed Operations
