Study guides, Class notes & Summaries

California Commercial Insurance Exam (Note cards for the California commercial insurance exam. Every thing you need to know. Cards 01-33: Property Basics: Section 1 Cards 34-72: Commercial Coverage Part 1: Section 2 Cards 73-91: Commercial Coverage Part 2: Section 3 Cards 92-131: Commercial Coverage Part 3: Section 4 Cards 132-157: Commercial Auto: Section 5 Cards 158-191: Farm, Flood, and BOP: Section 6) Solved 100% Correct!!

California Commercial Insurance Exam Questions With Complete Solutions.

What is a Modular Policy? - ANSWER-A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? - ANSWER-A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? - ANSWER-A Declaration Page (stating premium charges and coverage limits) A Policy Conditions (six conditions that apply to the entire...

In a commercial property policy, concealment, misrepresentation or fraud could cause a policy to: - ANSWER-Be voided, denied or cancelled. NOTE: This is a common condition in the commercial property policy Any licensed agent or broker may submit risks to the FAIR plan: - ANSWER-But there is no binding authority. NOTE: An agent never has binding authority with the FAIR plan. Under the Building and Personal Property coverage form, vacancy means: - ANSWER-Insufficient business property ...

California Commercial Insurance Exam What is a Modular Policy? (Ans) - A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? (Ans) - A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? (Ans) - A Declaration Page (stating premium charges and coverage limits) A Policy Conditions (six c...