Commercial casualty Study guides, Study notes & Summaries

AD Banker Property and Casualty Comprehensive Exam Questions & Answers 2023/2024 Temporary Total Disability may be described as: - ANSWER-Inability to return to any employment while recovering Supplementary Payment under Part A of the Personal Auto Policy? - ANSWER-A Up to $250 for the cost of bail bonds B Payment for lost earnings up to $200/day C Medical payments for an occupant of an insured vehicle (Not included)(*) D Reasonable expenses incurred at the insurer's request The Comm...

Texas Property & Casualty Insurance License Exam with Accurate Answers 2023 In order to be considered legally binding, an insurance contract must include all of the following - Offer and acceptance. Competent parties. Consideration (The four essential elements of all legal contracts are offer and acceptance, consideration, legal purpose, and competent parties.) With respect to a bonded contractor who defaults on a construction performance contract, which of the following statements is...

Commercial Casualty II – CISR Questions And Answers 2023

CIC - Commercial Casualty Questions And Verified Correct Answers What are the three basic parts of a CGL policy? - ANSWER Declarations, Coverage Form, & Endorsements What are the four parts of the CGL declarations? - ANSWER Named insured, mailing address, policy period; limits; form of business; business description What are the five sections of the CGL coverage form? - ANSWER Coverages, Who Is an Insured, Limits, Conditions, & Definitions What are the three CGL coverages? - ANSWER...

CIC Commercial Casualty CGL Exam Questions and Answer 6 Casualty exposures covered by CGL policy - Answer ️️ Premises, Business operations, Products, Completed operations, Contractual, Contingent/vicarious Premises types in CGL - Answer ️️ Any location owned, rented, leased, borrowed, or used for business Locations of business operations CGL - Answer ️️ On premises or away from premises Types of products covered by CGL - Answer ️️ Retail, wholesale, distributed, or manuf...

Legal Liability - 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 - Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) - 1. Duty owed by negligent party to another party, 2. Breach o...

Commercial Casualty - CIC Exam 2023...

CISR Commercial Casualty I Lesson Exam 48 Questions with Answers 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, Absolute Liability Name ...

CISR Commercial Casualty I Lesson 1 L(Legal Liability, CGL & Additional Insureds One of 9 CISR courses to obtain Elite Designation)2023

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

CIC - Commercial Casualty Institute Latest Update Graded A+ Identify the Specific Rights & Responsibilities of the First Named Insured (Objective #1) 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) Occurrence Form: - BI/PD must occur during the policy perio...

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