100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
CIC COMMERCIAL CASUALTY INSTITUTE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024 $23.99
Add to cart
CIC COMMERCIAL CASUALTY INSTITUTE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
5 views 0 purchase
Course
CIC COMMERCIAL CASUALTY INSTITUTE
Institution
CIC COMMERCIAL CASUALTY INSTITUTE
CIC COMMERCIAL CASUALTY INSTITUTE EXAM LATEST 2024
WITH ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO
PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
CIC COMMERCIAL CASUALTY INSTITUTE EXAM LATEST 2024
WITH ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO
PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
Identify the Specific Rights & Responsibilities of the First Named Insured
(Objective #1) - ANSWER-1- Cancel Policy
2- Receive Notice of Cancellation
3- Make Changes to Policy (with Insurer Consent)
4- Payment of Premiums
5- Payee for Returned Premium
Compare and Contrast the Occurrence Form with the Claims Made Form, as to
what activates coverage (Learning Objective #2) - ANSWER-Occurrence Form:
- BI/PD must occur during the policy period
- P/Adv committed during policy period
- The policy in force when the injury or damage takes place is the one that
responds
Claims Made Form:
- BI/PD must occur on or after the Retro Date shown in Declarations
- P/Adv must have been committed on or after the Retro Date
,- AND, Claim must be made during the policy period or Extended Reporting
Period
- NO COVERAGE if before the Retro Date
Identify various Liability Exposures (8 total) in the CGL Coverage Form ( Part of
Learning Objective #3) - ANSWER-1- Premises Liability
2- Business Operations Liability
3- Products Liability
4- Completed Operations Liability
5- Contractual Liability
6- Contingent Liability
7- Personal Injury Liability
8- Advertising Liability
Premises Liability - ANSWER-Applies to:
- Owners, Landlords, Tenants
- Arises out of the ownership, maintenance or use of the insured's premises
ONLY applies to designated
- Premises
- Project
- Operation
Business Operations Liability - ANSWER-Arises from activities involved in the
operation of an organization, while the activity is being conducted
,Products Liability - ANSWER-- Arises out of the sale, distribution or
manufacture of the product
- Coverage begins when the product has left the NI's premises and is no longer
in the NI's possession
Completed Operations Liability - ANSWER--Arises from activities involved in the
operation of an organization, after the activity has been concluded
- When the business operation is completed
- Includes: work that may need service, maintenance, correction, repair or
replacement, but which is otherwise complete, will be treated as completed
Contractual Liability - ANSWER-- Arises from one party assuming responsibility
of another party
- Liability that arises from an "Insured Contract"
- Ex: Lease Agreements, Construction Contracts, etc...
Contingent Liability - ANSWER-- Arises out of work performed for the NI by
someone else
-Ex: Can protect a NI from negligent acts of an independent contractor
Personal Injury Liability - ANSWER-- Arising from intentional torts (libel, slander,
wrongful eviction)
, - Applies to named offenses as defined by the CGL
Advertising Liability - ANSWER-- Liability caused by harm such as
misappropriation of Advertising Ideas, Style of Doing Business or Infringement
of Copyright
- Applies to Named Offenses, in the course of advertising the NI's goods,
products or services
Who qualifies as an Insured under the CGL when the NI is an Individual? -
ANSWER-The Individual and Spouse
Who qualifies as an Insured under the CGL when the NI is a Partnership of Joint
Venture - ANSWER-Members*
Partners
Spouses
*only with respect to conduct of the business of NI
Who qualifies as an Insured under the CGL when the NI is a LLC? - ANSWER-
Members
Managers
Who qualifies as an Insured under the CGL when the NI is a Corporation,
Municipality or Other? - ANSWER-Executive Officers & Directors
Stockholders (financial interest protected)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller trustednurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $23.99. You're not tied to anything after your purchase.
