Study guides, Class notes & Summaries

Commercial Casualty II – CISR Exam Questions and Answers 100% Pass In BAP what does liability section provide protection from claims for? - Correct Answer ️️ -Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - Correct Answer ️️ - provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - Correct Answer ️️ - Medical payment...

CIC - Commercial Casualty Institute Exam Questions and Answers 100% Correct Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) - Correct Answer ️️ -1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) - Correct Answer ️️ -...

CIC Commercial Property Exam Prep Questions and Answers 100% Pass Endorsements used to modify coverage extensions (6) - Correct Answer ️️ -1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost - Correct Answer ️️ -- without deduction for depreciation - claims are paid on acv until repairs or repla...

CISR Property Exam Questions and Answers 100% Pass real property - Correct Answer ️️ -comprised of buildings, structures, and fixtures that are tangible, can be seen Land - Correct Answer ️️ -real property, but is generally not the subject of insurance buildings - Correct Answer ️️ -real property, have walls and a roof structures - Correct Answer ️️ -any construction, including buildings examples of structures that are not buildings - Correct Answer ️️ -three-sided lum...

CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liabilit...

CISR Commercial Casualty I Lesson 1 L Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liability, Ab...

Commercial Casualty II – CISR Exam Questions and Answers 100% Pass In BAP what does liability section provide protection from claims for? - Correct Answer ️️ -Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - Correct Answer ️️ - provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - Correct Answer ️️ - Medical payment...

CISR Commercial Casualty I Lesson 1 L Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liability, Ab...

CISR Commercial Casualty I Lesson 1 L Exam Questions and Answers 100% Pass Legal Liability - Correct Answer ️️ -A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - Correct Answer ️️ -Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Correct Answer ️️ -Negligence, Intentional Torts, Strict Liabilit...

CIC - Commercial Casualty Institute Exam Questions and Answers 100% Correct Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) - Correct Answer ️️ -1- Cancel Policy 2- Receive Notice of Cancellation 3- Make Changes to Policy (with Insurer Consent) 4- Payment of Premiums 5- Payee for Returned Premium Compare and Contrast the Occurrence Form with the Claims Made Form, as to what activates coverage (Learning Objective #2) - Correct Answer ️️ -...