CISR Study guides, Class notes & Summaries

Legal Liability - correct answer A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - correct answer Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - correct answer Negligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a negligent tort (long version) - correct answer ...

CISR Commercial Casualty Exam Questions With 100% Correct Answers Legal Liability - answerA responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - answerTort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - answerNegligence, Intentional Torts, Strict Liability, Absolute Liability Name the four requirements of a neglige...

CISR Agency Operations Exam Questions With 100% Correct Answers Which one of the following best describes actual authority? - answerWhen the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - answerLoyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - answerthical behavior...

CISR COMMERCIAL PROPERTY INSURANCE Exam Questions With 100% Correct Answers Real property is - answercomprised of buildings, structures and fixtures that are tangible. Real property can be seen. Give examples of Real Property - answerLand is real property, but it is generally not the subject of insurance. Buildings are real property. They have walls and a roof. You can probably envision many types of buildings, ranging from a small one-story office to a skyscraper. Structures. A structu...

CISR - Personal Lines Miscellaneous Exam Questions With 100% Correct Answers What is a trade? - answerSkilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - answerA vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - answerAn activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts of the d...

CISR LIFE HEALTH PRACTICE EXAM 1 Questions And Answers (Verified And Updated) While reviewing several proposals for a quote for a life insurance policy for one of you clients, you also review the temporary insuring agreements. You notice that there are variations in the temporary insuring agreements between companies. Which of the following is NOT included in any of these agreements? - answerReceipt of premium Jennifer has a $5,000 loan against the cash value of her whole life policy. She...

CISR-Personal Auto Exposures Exam Questions And Answers (Verified And Updated) vehicle ownership - answer1. Individuals who are related and live in the same household 2. Joint ownership with one owner living outside household 3. individuals who are not related and live in the same household 4. vehicles owned by a trust where the grantor/trustee is an individual, individual and spouse Vehicle and vehicle usage - answerPrivate passenger autos which include pickups or vans; 1. auto is 4-whe...

CISR - Elements of Risk Management Exam Questions With Verified Answers A ____ is a cause of loss - answerperil A situation, behavior, or condition that may lead to adverse financial consequences - answerexposure A cyberattack is an example of a ____ - answerperil An Insured who shows no regard for his insured property demonstrates a - answermorale hazard A spill on a supermarket aisle is an example of a ____ because it increases the likelihood that someone will fall - answerhazard A p...

In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? Medical payments personal injury protection uninsured/underinsured motorist bodily injury and/or property damage losses List all BAP Coverage Exposures? Lia...

What are the two promises the insurer makes? 1. Indemnity 2.Defense A Commercial General Liability Policy may be written as a 1. Monoline Policy 2. Multi-Line Policy 6 different forms of business 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 Section I - Coverages Coverage A - Bodily Injury and Property Damage Coverage B - Personal and Advertising Inju...