CIC Property Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about CIC Property? On this page you'll find 90 study documents about CIC Property.
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![CIC COMMERCIAL MULTILINE EXAM QUESTIONS AND ANSWERS](/docpics/5189752/6636265105875_5189752_121_171.jpeg)
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CIC COMMERCIAL MULTILINE EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 26 pages • 2024
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CIC COMMERCIAL MULTILINE EXAM QUESTIONS AND ANSWERS 
 
 
Possible first part losses (not all covered by insurance) - Answer-- a security breach typically results in costs/expenses to investigate the source 
- virus can result in loss of or damage to electronic data 
- ransomware infection 
- unauthorized user could make an extortion demand (cyber extortion) 
- malware then you have to clean the website 
- unauthorized person can cause vandalism 
- if personal or confidential files are breache...
![CIC COMMERCIAL PROPERTY EXAM PREP QUESTIONS AND ANSWERS](/docpics/5189731/663625db66ee0_5189731_121_171.jpeg)
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CIC COMMERCIAL PROPERTY EXAM PREP QUESTIONS AND ANSWERS
- Exam (elaborations) • 3 pages • 2024
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CIC COMMERCIAL PROPERTY EXAM PREP QUESTIONS AND ANSWERS 
 
Business Income Coinsurance formula - Answer-Amount required = (Net Income + Operating expense) x Coinsurance 
 
Amount carried = Limit of insurance 
 
Carried/ Required = Recovery 
 
*This is opposite of property coinsurance did/ should. For BI it is should/did 
 
Determine how losses are settled under Agreed value - Answer-1) No coinsurance 
2) Requires Business Income Reporting worksheets every 12 months 
 
Six Additional Coverages - ...
![CIC COMMERCIAL PROPERTY EXAM QUESTIONS AND ANSWERS- LATEST](/docpics/5189721/663625a0eb48d_5189721_121_171.jpeg)
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CIC COMMERCIAL PROPERTY EXAM QUESTIONS AND ANSWERS- LATEST
- Exam (elaborations) • 3 pages • 2024
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CIC COMMERCIAL PROPERTY EXAM QUESTIONS AND ANSWERS- LATEST
![CIC COMMERCIAL PROPERTY EXAM QUESTIONS WITH ANSWERS](/docpics/5189708/6636252ca7096_5189708_121_171.jpeg)
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CIC COMMERCIAL PROPERTY EXAM QUESTIONS WITH ANSWERS
- Exam (elaborations) • 7 pages • 2024
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CIC COMMERCIAL PROPERTY EXAM QUESTIONS WITH ANSWERS 
 
What are the 3 types of property - Answer-Building, Business Personal Property, Property of Others 
 
Name the 5 types of building property: - Answer-FOAMS - fixtures, other, additions, machinery, service 
 
Name the 7 types of business personal property: - Answer-fixtures, machinery, stock, contents, labor/services/materials, TIBs, leased property which the insured has a contractual responsibility to insure 
 
Name the 5 types of property ...
![CIC- COMMERCIAL PROPERTY EXAM QUESTIONS WITH COMPLETE ANSWERS](/docpics/5189669/6636247198838_5189669_121_171.jpeg)
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CIC- COMMERCIAL PROPERTY EXAM QUESTIONS WITH COMPLETE ANSWERS
- Exam (elaborations) • 30 pages • 2024
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CIC- COMMERCIAL PROPERTY EXAM QUESTIONS WITH COMPLETE ANSWERS 
 
What are the types of property not covered - Answer-1. Some excluded because it is customarily insured under another policy 
2. Some excluded because it is relatively unsusceptible to loss 
3. Some excluded because it's susceptible to loss 
4. Exceptions made for certain types of property held for sale by named insured 
5. Restricted coverage for certain types of property 
 
Additional covered property endorsement - Answer-Exp...
![CIC COMMERCIAL PROPERTY EXAM STUDY QUESTIONS AND ANSWERS](/docpics/5189653/663623fb8596b_5189653_121_171.jpeg)
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CIC COMMERCIAL PROPERTY EXAM STUDY QUESTIONS AND ANSWERS
- Exam (elaborations) • 3 pages • 2024
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CIC COMMERCIAL PROPERTY EXAM STUDY QUESTIONS AND ANSWERS
![CIC EXAM PREP CHAPTER #4 DOCUMENTATION EXAM QUESTIONS AND ANSWERS](/docpics/5189638/663623c28d508_5189638_121_171.jpeg)
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CIC EXAM PREP CHAPTER #4 DOCUMENTATION EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 5 pages • 2024
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CIC EXAM PREP CHAPTER #4 DOCUMENTATION EXAM QUESTIONS AND ANSWERS
![CIC GENERAL LIABILITY TO STUDY EXAM QUESTIONS AND ANSWERS](/docpics/5189624/66362380824d4_5189624_121_171.jpeg)
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CIC GENERAL LIABILITY TO STUDY EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 6 pages • 2024
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CIC GENERAL LIABILITY TO STUDY EXAM QUESTIONS AND ANSWERS 
 
Pollution Exclusion Exceptions - Answer-- BI caused by heating equipment pollution 
- BI or PD if NI is a contractor at premises where owner has been added as additional insured (contractor does a gas line and there is a problem and you are AI) 
- BI or PD from hostile fire 
- release of fules from mobile equipment 
- materials brought into the building (like recently laid new carpet) 
- inferred exceptions: certain off prem or pr...
![CIC- INSURANCE COMPANY OPERATIONS- CLAIMS- EXAM QUESTIONS AND ANSWERS](/docpics/5189611/6636230bb38d6_5189611_121_171.jpeg)
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CIC- INSURANCE COMPANY OPERATIONS- CLAIMS- EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 4 pages • 2024
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CIC- INSURANCE COMPANY OPERATIONS- CLAIMS- EXAM QUESTIONS AND ANSWERS
![CIC- INSURANCE COMPANY OPERATIONS EXAM QUESTIONS WITH COMPLETE SOLUTIONS 2024](/docpics/5184093/66354a011f32e_5184093_121_171.jpeg)
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CIC- INSURANCE COMPANY OPERATIONS EXAM QUESTIONS WITH COMPLETE SOLUTIONS 2024
- Exam (elaborations) • 30 pages • 2024
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CIC- INSURANCE COMPANY OPERATIONS EXAM QUESTIONS WITH COMPLETE SOLUTIONS 2024
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