COMMERCIAL CASUALTY – CIC EXAM
2025 QUESTIONS AND ANSWERS
What are the two promises the insurer makes? - ANS 1. Indemnity
2.Defense
A Commercial General Liability Policy may be written as a - ANS 1. Monoline Policy
2. Multi-Line Policy
6 different forms of business - ANS 1. Individual
2. Partnership
3. Joint Venture
4. Trust
5. Limited Liability Company
6. Organization, including, but not limited to corporations
The 5 sections to a CGL Form - ANS Section I - Coverages
Coverage A - Bodily Injury and Property Damage
Coverage B - Personal and Advertising Injury
Coverage C - Medical Payments
Section II - Who is an Insured?
Section III - Limits of Insurance
Section IV - CGL Conditions
Section V - Definitions
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,Coverage C is more for - ANS On the premises and around the premises
Operations- away from the premises
Premises Liability - ANS owners, landlords, and tenants and arises out of the ownership,
maintenance, or use of the insured's premises
Business Operations Liability - ANS Activates involved in the operation of an organization
including service repair activities usually done on the premises of others, while the activity is
being conducted
STILL IN THE HANDS OF THE INSUREDS
Products Liability - ANS Arises out of the sale, distribution or manufacture of the named
insured's product
Coverage begins when the product has LEFT THE NAMED INSURED'S PREMISES and is no longer
in the named insured's possessions
Products - Completed Operations Hazard includes - ANS all BI and PD occurring away from
premises you own or rent and arising out of "your product" or "your work" except:
1. Products that are still in your physical possession
2. Work that has not yet been completed or abandoned.
In Products - Completed Operations Hazard "your work" will be deemed completed at the
earliest of the following times: - ANS 1. When all of the work to be done at the job site has
been completed
2. When all of the work to be done at the job site has been completed if your contract calls for
work at more than one job site
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,3. When that part of the work done at a job site has been put to its intended use by any person
or organization other than another contractor or subcontractor working on the same project
"Your Product" means - ANS any goods or products other than real property, manufactyured,
sold, handled, distributed or disposed of by: you, others trading under your name, or a person
or organization whose business or assets you have acquired
Your product also includes - ANS Containers (other than vehicles), materials, parts or
equipment furnished in connection with such goods or products Including:
-Warranties or representations made at any time with respect to the fitness, quality, durability,
performance or use of "Your Product"
- The providing of or failure to provide warning or instructions
- Does not include vending machines or other property rented to or located for the use of
others but not sold
"Your Work" means - ANS 1. Work or operations performed by you or on your behalf
2. Materials, parts or equipment furnished in connection with such work or operations
including:
-Warranties or representations made at any time with respect to the fitness, quality, durability,
performance or use of "Your Work"
- The providing of or failure to provide warning or instructions
Completed Operation Liability - ANS Arises from activities involved in the operation of an
organization including service and repair activities usually done on the premises of others, after
the activity has been concluded
Coverage begins WHEN THE BUSINESS OPERATION IS COMPLETED - NO LONGER IN INSUREDS
HANDS
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, Work that may need service, maintenance, correction, repair or replacement, but which is
otherwise complete, will be treated as complete
ex. Food consumption on the named insured's premises
Liability Exposures under Coverage A - ANS -Premises
-Operations
-Products
-Completed Operations
-Contractual
-Contingent
Contractual Liability - ANS Arises from one party assuming responsibility of another party
-Arises from an insured contract or other contractual obligations
ex. tenant - Landlord, Subcontractor - General Contractor
Coverage is provided for:
1. Liability in absence of the contract
2.Liability assumed in a contract or agreement that is an insured contract and only with respect
to injury or damage that occurs after the contract is executed
What kind of contract for a lease of premises is not considered an insured contract? -
ANS the portion of the contract for a lease of premises that indemnifies any person or
organization for damage by fire to premises while rented to you or temporarily occupied by you
with permission of the owner
Endorsements that modify the insureds contract defintion - ANS Amendment of insured
contract definition - eliminates coverage for the sole negligence of the indemnitee under
paragraph f
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2025 QUESTIONS AND ANSWERS
What are the two promises the insurer makes? - ANS 1. Indemnity
2.Defense
A Commercial General Liability Policy may be written as a - ANS 1. Monoline Policy
2. Multi-Line Policy
6 different forms of business - ANS 1. Individual
2. Partnership
3. Joint Venture
4. Trust
5. Limited Liability Company
6. Organization, including, but not limited to corporations
The 5 sections to a CGL Form - ANS Section I - Coverages
Coverage A - Bodily Injury and Property Damage
Coverage B - Personal and Advertising Injury
Coverage C - Medical Payments
Section II - Who is an Insured?
Section III - Limits of Insurance
Section IV - CGL Conditions
Section V - Definitions
COPYRIGHT © 2025 FYNDLAY ALL RIGHTS RESERVED 1
,Coverage C is more for - ANS On the premises and around the premises
Operations- away from the premises
Premises Liability - ANS owners, landlords, and tenants and arises out of the ownership,
maintenance, or use of the insured's premises
Business Operations Liability - ANS Activates involved in the operation of an organization
including service repair activities usually done on the premises of others, while the activity is
being conducted
STILL IN THE HANDS OF THE INSUREDS
Products Liability - ANS Arises out of the sale, distribution or manufacture of the named
insured's product
Coverage begins when the product has LEFT THE NAMED INSURED'S PREMISES and is no longer
in the named insured's possessions
Products - Completed Operations Hazard includes - ANS all BI and PD occurring away from
premises you own or rent and arising out of "your product" or "your work" except:
1. Products that are still in your physical possession
2. Work that has not yet been completed or abandoned.
In Products - Completed Operations Hazard "your work" will be deemed completed at the
earliest of the following times: - ANS 1. When all of the work to be done at the job site has
been completed
2. When all of the work to be done at the job site has been completed if your contract calls for
work at more than one job site
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,3. When that part of the work done at a job site has been put to its intended use by any person
or organization other than another contractor or subcontractor working on the same project
"Your Product" means - ANS any goods or products other than real property, manufactyured,
sold, handled, distributed or disposed of by: you, others trading under your name, or a person
or organization whose business or assets you have acquired
Your product also includes - ANS Containers (other than vehicles), materials, parts or
equipment furnished in connection with such goods or products Including:
-Warranties or representations made at any time with respect to the fitness, quality, durability,
performance or use of "Your Product"
- The providing of or failure to provide warning or instructions
- Does not include vending machines or other property rented to or located for the use of
others but not sold
"Your Work" means - ANS 1. Work or operations performed by you or on your behalf
2. Materials, parts or equipment furnished in connection with such work or operations
including:
-Warranties or representations made at any time with respect to the fitness, quality, durability,
performance or use of "Your Work"
- The providing of or failure to provide warning or instructions
Completed Operation Liability - ANS Arises from activities involved in the operation of an
organization including service and repair activities usually done on the premises of others, after
the activity has been concluded
Coverage begins WHEN THE BUSINESS OPERATION IS COMPLETED - NO LONGER IN INSUREDS
HANDS
COPYRIGHT © 2025 FYNDLAY ALL RIGHTS RESERVED 3
, Work that may need service, maintenance, correction, repair or replacement, but which is
otherwise complete, will be treated as complete
ex. Food consumption on the named insured's premises
Liability Exposures under Coverage A - ANS -Premises
-Operations
-Products
-Completed Operations
-Contractual
-Contingent
Contractual Liability - ANS Arises from one party assuming responsibility of another party
-Arises from an insured contract or other contractual obligations
ex. tenant - Landlord, Subcontractor - General Contractor
Coverage is provided for:
1. Liability in absence of the contract
2.Liability assumed in a contract or agreement that is an insured contract and only with respect
to injury or damage that occurs after the contract is executed
What kind of contract for a lease of premises is not considered an insured contract? -
ANS the portion of the contract for a lease of premises that indemnifies any person or
organization for damage by fire to premises while rented to you or temporarily occupied by you
with permission of the owner
Endorsements that modify the insureds contract defintion - ANS Amendment of insured
contract definition - eliminates coverage for the sole negligence of the indemnitee under
paragraph f
COPYRIGHT © 2025 FYNDLAY ALL RIGHTS RESERVED 4
