CIC COMMERCIAL CASUALTY EXAM 2024 ACTUAL
EXAM COMPLETE 200 QUESTIONS WITH DEAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Name the Coverage A exclusions under the CGL - ANSWER: Expected/intended
Injury, Contractual liability, Liquor liability, WC/EL, pollution, war, nuclear hazard,
auto/aircraft/watercraft, damage to your property, work or products, P/CO, product
recall, Coverage B, electronic data
Define and apply "insured contract" CGL - ANSWER: a. the lease of a premises
b. side track
c. easement or license agreement, except within 50ft of a railroad
d. ordinance to indemnify a municipality
e. elevator maintenance
f. assumed tort liability
Explain supplementary payments- Coverage A & B CGL - ANSWER: Names types of
payments & the amounts the insurer will pay that do not reduce the limits
1. payment to any claim they investigate, settle or suit they defend
2. If they defend an insured against a suit and an indemnitee of the insured-- they
will defend the indemnitee as long as they meet certain conditions.
Who is an automatic insured CGL - ANSWER: You, your spouse, director & officers,
partners in an llc, an llc, joint ventures, a trust and trustees
Limitations of automatic insured CGL - ANSWER: 1. Volunteer workers & EEs are not
covered for BI or P&A injury
2. property you own or occupy or that is rented to you or other automatic insureds
3. Real Estate managers
4. Temp custodians/legal reps
What is the waiver of subrogation? What policy does it apply to Add Insurs -
ANSWER: It applies to the CGL. The tenant release the landlord, his executives & EEs
from any liability to tenant by way of damages for BI/PD that the tenant or a 3rd
party substainces.
Types of insureds under different liability policies - ANSWER: 1. Named insureds
2. Automatic insureds
3. Non automatic insured/additional insureds
Why would you request an additional insured endorsement - ANSWER: 1. Greater
safety in risk transfer
2. Extend limits
3. Lowers direct insurance cost
, 4. Protection for add. insured from subrogation
5. Grants direct rights under the other party's insurance
Problems/cause for avoidance for the named insured when there is additional
insureds - ANSWER: 1. Lower limits
2. Greater exposures
3. Increase in premiums
4. unintentional coverage provided
5. compliance problems
6. defense conflicts
Problems/cause for avoidance for the additional insured when added to a policy -
ANSWER: 1. Greater chance of claim disputes
2. Loss of defense control
3. Limits coverage under current form
4. dependance on someone else's policy
Lessor - Add insured & loss payee BACF - ANSWER: adds lessor to named insured
policy for the the leased auto described in the endorsement. Gives them loss payee
status and notice of cancellation
Designated insured for covered autos BACF - ANSWER: provides vicarious liability
coverage for and individual or organization named in the endorsement that qualifies
as an insured under the "who is an insured" provision
Employee hired autos BACF - ANSWER: provides liability and physical to autos owned
by an EE while they use their auto in the course of business
Employee as insureds - ANSWER: Adds all EEs of the named insured as insureds for
the use of their personal autos for the named insureds business
When is pollution covered under BACF - ANSWER: when it is a result of fuel or the
fluids used by covered auto
when it is the result of an accident away from insured's premises for pollutants not
in or upon covered autos
Exclusions found in BACF - ANSWER: 1. Expected/ intentional injury
2. Contractual
3. WC/EL & employee indemnification
4. Fellow EE
5. Care, Custody, Control
6. Handling of property (CGL coverage)
7. movement of property by mechanical device
8. Operations/ Completed operations
9. Pollution, War, Nuclear Hazard
10. Regular "wear & tear" of the auto
EXAM COMPLETE 200 QUESTIONS WITH DEAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Name the Coverage A exclusions under the CGL - ANSWER: Expected/intended
Injury, Contractual liability, Liquor liability, WC/EL, pollution, war, nuclear hazard,
auto/aircraft/watercraft, damage to your property, work or products, P/CO, product
recall, Coverage B, electronic data
Define and apply "insured contract" CGL - ANSWER: a. the lease of a premises
b. side track
c. easement or license agreement, except within 50ft of a railroad
d. ordinance to indemnify a municipality
e. elevator maintenance
f. assumed tort liability
Explain supplementary payments- Coverage A & B CGL - ANSWER: Names types of
payments & the amounts the insurer will pay that do not reduce the limits
1. payment to any claim they investigate, settle or suit they defend
2. If they defend an insured against a suit and an indemnitee of the insured-- they
will defend the indemnitee as long as they meet certain conditions.
Who is an automatic insured CGL - ANSWER: You, your spouse, director & officers,
partners in an llc, an llc, joint ventures, a trust and trustees
Limitations of automatic insured CGL - ANSWER: 1. Volunteer workers & EEs are not
covered for BI or P&A injury
2. property you own or occupy or that is rented to you or other automatic insureds
3. Real Estate managers
4. Temp custodians/legal reps
What is the waiver of subrogation? What policy does it apply to Add Insurs -
ANSWER: It applies to the CGL. The tenant release the landlord, his executives & EEs
from any liability to tenant by way of damages for BI/PD that the tenant or a 3rd
party substainces.
Types of insureds under different liability policies - ANSWER: 1. Named insureds
2. Automatic insureds
3. Non automatic insured/additional insureds
Why would you request an additional insured endorsement - ANSWER: 1. Greater
safety in risk transfer
2. Extend limits
3. Lowers direct insurance cost
, 4. Protection for add. insured from subrogation
5. Grants direct rights under the other party's insurance
Problems/cause for avoidance for the named insured when there is additional
insureds - ANSWER: 1. Lower limits
2. Greater exposures
3. Increase in premiums
4. unintentional coverage provided
5. compliance problems
6. defense conflicts
Problems/cause for avoidance for the additional insured when added to a policy -
ANSWER: 1. Greater chance of claim disputes
2. Loss of defense control
3. Limits coverage under current form
4. dependance on someone else's policy
Lessor - Add insured & loss payee BACF - ANSWER: adds lessor to named insured
policy for the the leased auto described in the endorsement. Gives them loss payee
status and notice of cancellation
Designated insured for covered autos BACF - ANSWER: provides vicarious liability
coverage for and individual or organization named in the endorsement that qualifies
as an insured under the "who is an insured" provision
Employee hired autos BACF - ANSWER: provides liability and physical to autos owned
by an EE while they use their auto in the course of business
Employee as insureds - ANSWER: Adds all EEs of the named insured as insureds for
the use of their personal autos for the named insureds business
When is pollution covered under BACF - ANSWER: when it is a result of fuel or the
fluids used by covered auto
when it is the result of an accident away from insured's premises for pollutants not
in or upon covered autos
Exclusions found in BACF - ANSWER: 1. Expected/ intentional injury
2. Contractual
3. WC/EL & employee indemnification
4. Fellow EE
5. Care, Custody, Control
6. Handling of property (CGL coverage)
7. movement of property by mechanical device
8. Operations/ Completed operations
9. Pollution, War, Nuclear Hazard
10. Regular "wear & tear" of the auto
