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CIC COMMERCIAL PROPERTY
CIC COMMERCIAL 
PROPERTY 
What are commercial property loss exposures - ANSWER Buildings, personal property 
of owner, others and off premises, business income. 
What are some causes of loss - ANSWER Fire, accident, weather, crime and disaster. 
What should be considered when determining coverage amounts - ANSWER potential 
for loss and probable maximum loss. 
Coveage form includes loss payment at Actual Cash Value or ACV, what is ACV> - 
ANSWER The amount of loss minus depreciation. No s...
- Exam (elaborations)
- • 3 pages •
CIC COMMERCIAL 
PROPERTY 
What are commercial property loss exposures - ANSWER Buildings, personal property 
of owner, others and off premises, business income. 
What are some causes of loss - ANSWER Fire, accident, weather, crime and disaster. 
What should be considered when determining coverage amounts - ANSWER potential 
for loss and probable maximum loss. 
Coveage form includes loss payment at Actual Cash Value or ACV, what is ACV> - 
ANSWER The amount of loss minus depreciation. No s...
CIC Commercial Property Exam Prep
CIC Commercial 
Property Exam Prep 
Endorsements used to modify coverage extensions (6) - ANSWER 1. newly acquired or 
constructed property - increased limit 
2. higher limits 
3. specified bpp temporarily away from premises 
4. additional covered property 
5. radio or television antennas 
6. trees, shrubs, plants 
Explain replacement cost - ANSWER - without deduction for depreciation 
- claims are paid on acv until repairs or replacements is complete and then difference is 
paid 
- doe...
- Exam (elaborations)
- • 3 pages •
CIC Commercial 
Property Exam Prep 
Endorsements used to modify coverage extensions (6) - ANSWER 1. newly acquired or 
constructed property - increased limit 
2. higher limits 
3. specified bpp temporarily away from premises 
4. additional covered property 
5. radio or television antennas 
6. trees, shrubs, plants 
Explain replacement cost - ANSWER - without deduction for depreciation 
- claims are paid on acv until repairs or replacements is complete and then difference is 
paid 
- doe...
CIC Commercial Multiline Exam
CIC Commercial 
Multiline Exam 
Identify and describe the three primary purposes of excess liability/umbrella policies 
(LO1) - ANSWER 1. Provide additional limits that are excess over underlying limits of 
insurance 
2. Provide primary coverage when underlying poliy does not respond beacuse its 
aggregate limits of insruance are exhausted. 
3. Provide broader coverage than the exsiting underlying insurance 
excess liability coverage forms and commercial umbrella liability policy - ANSWER 1...
- Exam (elaborations)
- • 26 pages •
CIC Commercial 
Multiline Exam 
Identify and describe the three primary purposes of excess liability/umbrella policies 
(LO1) - ANSWER 1. Provide additional limits that are excess over underlying limits of 
insurance 
2. Provide primary coverage when underlying poliy does not respond beacuse its 
aggregate limits of insruance are exhausted. 
3. Provide broader coverage than the exsiting underlying insurance 
excess liability coverage forms and commercial umbrella liability policy - ANSWER 1...
NHA CCMA MEDICAL ASSISTANT LATEST EXAM 2023-2024 REAL EXAM 200 QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE
ATI PN MED SURG PROCTORED EXAM 2023 , PN ATI MED SURG PROCTORED EXAM LATEST UPDATE 2022/2023 100%CORRECTLY VERIFIED ANSWERS GRADED A+
NURS 6560 Fitzgerald Acute Care NP Exit Exam (150 Q & A) (Solution Enclosed): Walden University Acute Care NP Exit Exam v-2 with complete solutio
NSG 120 Final Exam Questions Correctly Answers| LATEST UPDATE
NURS 6560 Fitzgerald Acute Care NP Exit Exam (150 Q & A) (Solution Enclosed): Walden University Acute Care NP Exit Exam v-2 with complete solutio
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