Commercial Casualty II 2025/2026 Exam
Questions and Verified Answers |
Already Graded A+
accident - 🧠ANSWER ✔✔An event or continuous or repeated exposure to
the same conditions resulting in bodily injury or property damage
auto - 🧠ANSWER ✔✔A land motor vehicle; "trailer" or semitrailer designed
for travel on public roads; or any other land vehicle that is subject to a
compulsory or financial responsibility law or other motor vehicle insurance
law where it is licensed or principally garaged. An auto does not include
"mobile equipment."
bodily injury - 🧠ANSWER ✔✔Injury, sickness, or death sustained by a
person
, concurrency - 🧠ANSWER ✔✔When the dates of an Excess/Umbrella policy
and an underlying policy or policies are the same
conditions - 🧠ANSWER ✔✔The rules of a contract for an insured and
insurance company
coverage territory - 🧠ANSWER ✔✔The geographic area where insurance
applies
Declarations - 🧠ANSWER ✔✔The part of a policy that shows the who,
what, when, and where
deductible - 🧠ANSWER ✔✔The amount the insurance company reduces its
payment for a loss; it is shown in the Declarations for each coverage
depreciation - 🧠ANSWER ✔✔The amount of value an auto has lost due to
its age, mileage, or wear and tear
diminution - 🧠ANSWER ✔✔The perceived loss in market or resale value
resulting from a direct and accidental "loss"
duty to defend - 🧠ANSWER ✔✔An insurance company's assumed
obligation to defend an insured for any covered claim
Questions and Verified Answers |
Already Graded A+
accident - 🧠ANSWER ✔✔An event or continuous or repeated exposure to
the same conditions resulting in bodily injury or property damage
auto - 🧠ANSWER ✔✔A land motor vehicle; "trailer" or semitrailer designed
for travel on public roads; or any other land vehicle that is subject to a
compulsory or financial responsibility law or other motor vehicle insurance
law where it is licensed or principally garaged. An auto does not include
"mobile equipment."
bodily injury - 🧠ANSWER ✔✔Injury, sickness, or death sustained by a
person
, concurrency - 🧠ANSWER ✔✔When the dates of an Excess/Umbrella policy
and an underlying policy or policies are the same
conditions - 🧠ANSWER ✔✔The rules of a contract for an insured and
insurance company
coverage territory - 🧠ANSWER ✔✔The geographic area where insurance
applies
Declarations - 🧠ANSWER ✔✔The part of a policy that shows the who,
what, when, and where
deductible - 🧠ANSWER ✔✔The amount the insurance company reduces its
payment for a loss; it is shown in the Declarations for each coverage
depreciation - 🧠ANSWER ✔✔The amount of value an auto has lost due to
its age, mileage, or wear and tear
diminution - 🧠ANSWER ✔✔The perceived loss in market or resale value
resulting from a direct and accidental "loss"
duty to defend - 🧠ANSWER ✔✔An insurance company's assumed
obligation to defend an insured for any covered claim
