CISR COMMERCIAL CASUALTY II
EXAM
The three types of auto coverage forms are the Business Auto Coverage Form,
the _______________ Coverage Form, and the __________________ Coverage
Form - ANSWERS-Motor Carrier and Auto Dealers
A(n) ______________ includes continuous or repeated exposure to the same
condition. - ANSWERS-accident
The part of a contract that pertains to an insured's business under which the
insured assumes tort liability of another to pay for "bodily injury" or "property
damage" to a third party is a(n) ___________________. - ANSWERS-insured
contract
A(n) __________________ works for an insured under the terms of a
contractual agreement between a labor leasing firm and the insured. -
ANSWERS-leased worker
_________________________ includes vehicles and equipment designed for
purposes other than the transportation of persons or cargo. - ANSWERS-Mobile
equipment
Damage to or loss of use of tangible property is ____________________. -
ANSWERS-Property damage
A(n) _____________________ substitutes for a permanent employee who is on
leave or fulfills an insured's short-term or seasonal workforce need. -
ANSWERS-Temporary worker
,Symbol __ on the Declarations Page triggers coverage for "autos" described in
Item Three of the Declarations for which a premium charge is shown (and for
Covered Autos Liability Coverage, any "trailers" the insured doesn't own while
attached to any power unit described in Item Three) - ANSWERS-7
Symbol __ on the Declarations Page triggers coverage for "autos" owned by the
insured that are not of the private passenger type. - ANSWERS-4
Symbol __ on the Declarations Page triggers coverage for "autos" the insured
leases, hires, rents, or borrows, but not "autos" the insured leases, hires, rents, or
borrows from "employees," partners, members, or someone in members'
households. - ANSWERS-8
Symbol __ applies to "autos" the insured owns (and for Covered Autos Liability
Coverage, any "trailers" the insured doesn't own while attached to power units
the insured does own.) This coverage includes owned "autos" acquired after the
policy begins. - ANSWERS-2
A vehicle that travels on crawler treads is classified as
_______________________. - ANSWERS-Mobile equipment
Liability is created when an insured commits a(n) ___________, or a legal
wrong done to others. - ANSWERS-Tort
The legal principle of negligence is used to determine whether the operator of
an auto is responsible for a(n) _______________. - ANSWERS-Accident
The insurer's broad promise to pay damages is restricted only to bodily injury or
property damage and must apply to an event that qualifies as a(n)
_________________. - ANSWERS-Accident
, The Care, Custody, Or Control Exclusion eliminates___________________ for
damage to property that belongs to the insured, is being transported by the
insured, or that the insured has in her/his custody, care, or control. -
ANSWERS-Liability Coverage
The Limit of Insurance shown in the Declarations is the most that would be paid
for any one ________, regardless of the number of covered autos involved,
insureds, or claims made. - ANSWERS-Accident
Under the Physical Damage Limits of Insurance, the BAP will pay the lesser of
the ______________________ or the _________________________________
the damaged or stolen property at the time of a loss. - ANSWERS-Actual Cash
Value, Cost to repair or replace
A "covered pollution cost or expense" includes costs or expenses arising from
the actual, alleged, or threatened release of "pollutants" in the course of transit
by the insured. T/F - ANSWERS-False; There is no coverage for costs or
expenses related to actual, alleged, or threatened release of "pollutants."
If the BAP provides liability coverage, it extends liability coverage
automatically to a non-owned auto being used as a temporary substitute for an
owned auto that is out of service because of breakdown, repair, servicing, loss,
or destruction. T/F - ANSWERS-True
The BAP considers anyone other than the insured using a covered auto with the
permission of the insured to be an insured, with some exceptions. T/F -
ANSWERS-True
The BAP extends coverage as an insured to persons or organizations that are
held liable for the conduct of the insured. T/F - ANSWERS-True
EXAM
The three types of auto coverage forms are the Business Auto Coverage Form,
the _______________ Coverage Form, and the __________________ Coverage
Form - ANSWERS-Motor Carrier and Auto Dealers
A(n) ______________ includes continuous or repeated exposure to the same
condition. - ANSWERS-accident
The part of a contract that pertains to an insured's business under which the
insured assumes tort liability of another to pay for "bodily injury" or "property
damage" to a third party is a(n) ___________________. - ANSWERS-insured
contract
A(n) __________________ works for an insured under the terms of a
contractual agreement between a labor leasing firm and the insured. -
ANSWERS-leased worker
_________________________ includes vehicles and equipment designed for
purposes other than the transportation of persons or cargo. - ANSWERS-Mobile
equipment
Damage to or loss of use of tangible property is ____________________. -
ANSWERS-Property damage
A(n) _____________________ substitutes for a permanent employee who is on
leave or fulfills an insured's short-term or seasonal workforce need. -
ANSWERS-Temporary worker
,Symbol __ on the Declarations Page triggers coverage for "autos" described in
Item Three of the Declarations for which a premium charge is shown (and for
Covered Autos Liability Coverage, any "trailers" the insured doesn't own while
attached to any power unit described in Item Three) - ANSWERS-7
Symbol __ on the Declarations Page triggers coverage for "autos" owned by the
insured that are not of the private passenger type. - ANSWERS-4
Symbol __ on the Declarations Page triggers coverage for "autos" the insured
leases, hires, rents, or borrows, but not "autos" the insured leases, hires, rents, or
borrows from "employees," partners, members, or someone in members'
households. - ANSWERS-8
Symbol __ applies to "autos" the insured owns (and for Covered Autos Liability
Coverage, any "trailers" the insured doesn't own while attached to power units
the insured does own.) This coverage includes owned "autos" acquired after the
policy begins. - ANSWERS-2
A vehicle that travels on crawler treads is classified as
_______________________. - ANSWERS-Mobile equipment
Liability is created when an insured commits a(n) ___________, or a legal
wrong done to others. - ANSWERS-Tort
The legal principle of negligence is used to determine whether the operator of
an auto is responsible for a(n) _______________. - ANSWERS-Accident
The insurer's broad promise to pay damages is restricted only to bodily injury or
property damage and must apply to an event that qualifies as a(n)
_________________. - ANSWERS-Accident
, The Care, Custody, Or Control Exclusion eliminates___________________ for
damage to property that belongs to the insured, is being transported by the
insured, or that the insured has in her/his custody, care, or control. -
ANSWERS-Liability Coverage
The Limit of Insurance shown in the Declarations is the most that would be paid
for any one ________, regardless of the number of covered autos involved,
insureds, or claims made. - ANSWERS-Accident
Under the Physical Damage Limits of Insurance, the BAP will pay the lesser of
the ______________________ or the _________________________________
the damaged or stolen property at the time of a loss. - ANSWERS-Actual Cash
Value, Cost to repair or replace
A "covered pollution cost or expense" includes costs or expenses arising from
the actual, alleged, or threatened release of "pollutants" in the course of transit
by the insured. T/F - ANSWERS-False; There is no coverage for costs or
expenses related to actual, alleged, or threatened release of "pollutants."
If the BAP provides liability coverage, it extends liability coverage
automatically to a non-owned auto being used as a temporary substitute for an
owned auto that is out of service because of breakdown, repair, servicing, loss,
or destruction. T/F - ANSWERS-True
The BAP considers anyone other than the insured using a covered auto with the
permission of the insured to be an insured, with some exceptions. T/F -
ANSWERS-True
The BAP extends coverage as an insured to persons or organizations that are
held liable for the conduct of the insured. T/F - ANSWERS-True
