©THEBRIGHT EXAM SOLUTIONS
11/8/2024 12:08 PM
RPLU 2: Module 2: CGL Overview Exam
Questions And Answers 100% Pass.
Additional Insured - answer✔An individual or organization that is covered under an insurance policy
based on a relationship to the named insured
Aggregate Limit - answer✔The maximum amount the insurer will pay within a specific policy period for
all of the claims incurred under an insurance policy
Alternative Dispute Resolution - answer✔The methods of settling disputes by means other than court
trial that are typically less costly and more expeditious than the litigation process
Amendment - answer✔A written document that revises the provisions of an insurance policy
Arbitration - answer✔A method of ADR that allows the disputing parties to present arguments and
evidence to an independent and impartial third party (arbitrator) and that usually binds the parties to
the arbitrator's decision
Broad Form Comprehensive General Liability (BFCGL) Endorsement - answer✔A revision to CGL
coverage that combined many endorsements into one single standard endorsement
Broad Form Nuclear Exclusion - answer✔An exclusion attached to a CGL policy that excludes exposures
related to nuclear energy
Claims-Made Policy - answer✔An insurance policy that is triggered by the reporting or making of a claim
during the policy period
Claims-Made Coverage Trigger - answer✔The activation of a claims-made policy by the reporting of an
incident during the policy period
Commercial General Liability Insurance (CGL) - answer✔A type of insurance that provides coverage for
commercial risks for losses arising out of business operations involving bodily injury and property
damage, except those specifically excluded, including professional services
Comprehensive General Liability (CGL) Policy - answer✔A standard commercial liability policy that was
the precursor of the CGL policy and that simplified the language and format of CGL policies (1) by using a
policy jacket for common provisions and (2) by adding other provisions applicable only to the insured
, ©THEBRIGHT EXAM SOLUTIONS
11/8/2024 12:08 PM
Concurrency of Policy Periods Provision - answer✔A feature of an umbrella or excess policy that
requires the primary policy's aggregate limit to be exhausted during the policy period of the umbrella or
excess policy
Conditions - answer✔A section of an insurance policy that establishes the responsibilities the insured
must meet for coverage to apply and that may limit or qualify an insurer's promises
Consequential Bodily Injury - answer✔The bodily injury that is the result of or caused by personal or
advertising injury
Continuous Injury Trigger Theory - answer✔A theory that determines the timing of injury or damage and
that states coverage is triggered by the initial exposure, by continuing exposure, and by the
manifestation or diagnosis of injury or damage
Contribution by Equal Shares - answer✔A CGL insurance method of sharing in the amount of loss with
other primary insurance policies in which each insurer pays equal amounts up until its applicable limits
have been reached or no loss remains
Contribution by Limits - answer✔A CGL insurance method of sharing in the amount of loss with other
primary insurance policies in which each insurer pays its pro-rata share of loss based on the ratio of its
applicable limits to the total applicable limits of all insurers
Coverage Form - answer✔The heart of the CGL policy that includes the coverage agreement, definitions,
limits, and exclusions that define policy coverage
Coverage Trigger - answer✔The event that activates a policy to respond to a claim and that determines
which policy covers a particular claim for loss
Damage-in-Fact Trigger Theory - answer✔A theory that determines the timing of injury or damage and
that states coverage is triggered by the date that the damage actually occurs, regardless of the length of
exposure or whether the condition manifested itself
Damage to Premises Rented to You Limit - answer✔The maximum amount a CGL insurer pays for
property damage to property rented to you or for fire damage to property rented to or occupied by you
Declarations - answer✔A section of an insurance policy that provides information about the property,
person, or activity to be insured
Drop Down Provision - answer✔A feature of an umbrella policy that establishes the extent to which that
policy either replaces or continues the underlying policy's limit once the underlying policy's limit has
been exhausted
Each Occurrence Limit - answer✔CGL: Maximum amount a CGL insurer pays for the sum of damages
that arise under Coverage A (BI/PD) and under Coverage C (medical expenses) because of any other
occurrence. Excess/Umbrella: The maximum amount an insurer pays for the sum of all ultimate net loss
under Coverage A (BI/PD)
11/8/2024 12:08 PM
RPLU 2: Module 2: CGL Overview Exam
Questions And Answers 100% Pass.
Additional Insured - answer✔An individual or organization that is covered under an insurance policy
based on a relationship to the named insured
Aggregate Limit - answer✔The maximum amount the insurer will pay within a specific policy period for
all of the claims incurred under an insurance policy
Alternative Dispute Resolution - answer✔The methods of settling disputes by means other than court
trial that are typically less costly and more expeditious than the litigation process
Amendment - answer✔A written document that revises the provisions of an insurance policy
Arbitration - answer✔A method of ADR that allows the disputing parties to present arguments and
evidence to an independent and impartial third party (arbitrator) and that usually binds the parties to
the arbitrator's decision
Broad Form Comprehensive General Liability (BFCGL) Endorsement - answer✔A revision to CGL
coverage that combined many endorsements into one single standard endorsement
Broad Form Nuclear Exclusion - answer✔An exclusion attached to a CGL policy that excludes exposures
related to nuclear energy
Claims-Made Policy - answer✔An insurance policy that is triggered by the reporting or making of a claim
during the policy period
Claims-Made Coverage Trigger - answer✔The activation of a claims-made policy by the reporting of an
incident during the policy period
Commercial General Liability Insurance (CGL) - answer✔A type of insurance that provides coverage for
commercial risks for losses arising out of business operations involving bodily injury and property
damage, except those specifically excluded, including professional services
Comprehensive General Liability (CGL) Policy - answer✔A standard commercial liability policy that was
the precursor of the CGL policy and that simplified the language and format of CGL policies (1) by using a
policy jacket for common provisions and (2) by adding other provisions applicable only to the insured
, ©THEBRIGHT EXAM SOLUTIONS
11/8/2024 12:08 PM
Concurrency of Policy Periods Provision - answer✔A feature of an umbrella or excess policy that
requires the primary policy's aggregate limit to be exhausted during the policy period of the umbrella or
excess policy
Conditions - answer✔A section of an insurance policy that establishes the responsibilities the insured
must meet for coverage to apply and that may limit or qualify an insurer's promises
Consequential Bodily Injury - answer✔The bodily injury that is the result of or caused by personal or
advertising injury
Continuous Injury Trigger Theory - answer✔A theory that determines the timing of injury or damage and
that states coverage is triggered by the initial exposure, by continuing exposure, and by the
manifestation or diagnosis of injury or damage
Contribution by Equal Shares - answer✔A CGL insurance method of sharing in the amount of loss with
other primary insurance policies in which each insurer pays equal amounts up until its applicable limits
have been reached or no loss remains
Contribution by Limits - answer✔A CGL insurance method of sharing in the amount of loss with other
primary insurance policies in which each insurer pays its pro-rata share of loss based on the ratio of its
applicable limits to the total applicable limits of all insurers
Coverage Form - answer✔The heart of the CGL policy that includes the coverage agreement, definitions,
limits, and exclusions that define policy coverage
Coverage Trigger - answer✔The event that activates a policy to respond to a claim and that determines
which policy covers a particular claim for loss
Damage-in-Fact Trigger Theory - answer✔A theory that determines the timing of injury or damage and
that states coverage is triggered by the date that the damage actually occurs, regardless of the length of
exposure or whether the condition manifested itself
Damage to Premises Rented to You Limit - answer✔The maximum amount a CGL insurer pays for
property damage to property rented to you or for fire damage to property rented to or occupied by you
Declarations - answer✔A section of an insurance policy that provides information about the property,
person, or activity to be insured
Drop Down Provision - answer✔A feature of an umbrella policy that establishes the extent to which that
policy either replaces or continues the underlying policy's limit once the underlying policy's limit has
been exhausted
Each Occurrence Limit - answer✔CGL: Maximum amount a CGL insurer pays for the sum of damages
that arise under Coverage A (BI/PD) and under Coverage C (medical expenses) because of any other
occurrence. Excess/Umbrella: The maximum amount an insurer pays for the sum of all ultimate net loss
under Coverage A (BI/PD)
