Casualty Insurance Exam questions and answers graded A+ 2024

Casualty Insurance Exam Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as - correct answer Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? - correct answer Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is the most that will be paid for coverage c because of bodily injury sustained to one person? - correct answer Medical expense limit Unlike surety bonds, fidelity bonds are purchased by: - correct answer The obligee Fiduciary bonds and court bonds are both a type of: - correct answer Judicial bond Which of the following crime forms covers losses that occur during the policy period or up to one year after? - correct answer Loss sustained form All of the following statements are correct about the discovery form EXCEPT: - correct answer The extended periods to discover losses terminate one year after the insured obtains commercial crime insurance Which of the following is NOT covered under inside the premises—robbery or safe burglary of other property? - correct answer Money and securities The phrase "put to its intended use" describes - correct answer Completed operations All of the following are defenses against negligence EXCEPT: - correct answer Absolute Liability