CIC COMMERCIAL CASUALTY INSTITUTE
COMPREHENSIVE EXAM SCRIPT 2026 FULL
QUESTIONS AND CORRECT ANSWERS
◉ A Commercial General Liability Policy may be written as a
Answer: 1. Monoline Policy
2. Multi-Line Policy
◉ 6 different forms of business
Answer: 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
Answer: 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
◉ Coverage C is more for
Answer: On the premises and around the premises
Operations- away from the premises
◉ Premises Liability
Answer: owners, landlords, and tenants and arises out of the
ownership, maintenance, or use of the insured's premises
◉ Business Operations Liability
Answer: 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
Answer: 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
Answer: 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:
Answer: 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
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
Answer: 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
Answer: 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
Answer: 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:
COMPREHENSIVE EXAM SCRIPT 2026 FULL
QUESTIONS AND CORRECT ANSWERS
◉ A Commercial General Liability Policy may be written as a
Answer: 1. Monoline Policy
2. Multi-Line Policy
◉ 6 different forms of business
Answer: 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
Answer: 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
◉ Coverage C is more for
Answer: On the premises and around the premises
Operations- away from the premises
◉ Premises Liability
Answer: owners, landlords, and tenants and arises out of the
ownership, maintenance, or use of the insured's premises
◉ Business Operations Liability
Answer: 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
Answer: 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
Answer: 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:
Answer: 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
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
Answer: 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
Answer: 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
Answer: 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:
