CIC COMMERCIA L CASUALTY INSTITUTE EXAM

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CIC COMMERCIA L CASUALTY INSTITUTE EXAM

NEWEST 2024-2025 ACTUAL EXAM AND PRACTICE

EXAM COMPLETE 180 QUESTIONS AND CORRECT

DETAILED ANSWERS (VERIFIED ANSWERS)

|ALREADY GRADED A+

1.2) What are the two promises found in paragraph 'a.' of the insuring agreement? - ANSWER- Indemnity and Defense. (Pays sum the insured becomes legally obligated to pay as damages because of BI/PD and the defense costs)

1.2) Define BI and PD - ANSWER- - BI: sickness or disease,

injury, or death

- PD: Physical injury or loss of use to tangible property

1.2) Where must the 'occurrence' take place for coverage to be active? - ANSWER- The coverage territory

1.2) What is the coverage territory? - ANSWER- US, it's territories and possessions, Puerto Rico and Canada

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1.2) is international airspace part of the coverage territory? - ANSWER- Yes, but only when flying between locations in the coverage territory

1.2) Under what circumstances is the coverage territory worldwide? - ANSWER- - Product is made or sold in territory described in coverage territory

• Temporary business travel
• Personal or advertising injury occurs on the web

- SUIT MUST BE BROUGHT IN THE US

1.2) Is previously known injury or damage a covered loss? - ANSWER- No.

1.3) Does coverage A apply to expected or intended injury? - ANSWER- No. Expected or intended injury is an exclusion from Coverage A

1.3) What is Contractual Liability? - ANSWER- Arises from one party assuming responsibility of another party (Tenant - Landlord, Sub - GC, Lessee - Lessor)

1.3) What is considered an 'Insured Contract'? (LEASEPlus) - ANSWER- - Lease of Premises 2 / 4

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• Easement or license agreement (unless within 50 feet of a

railroad)

• An obligation to indemnify a municipality or required by

ordinance except when working for a municipality)

• Sidetrack Agreement
• Elevator maintenance agreement
• Plus any other contract which the named insured assumes tort

liability of another party to pay BI/PD to a third party

1.3) What is NOT considered an 'Insured Contract' (Three things) - ANSWER- - A railroad indemnity agreement

• Architect, engineer, or surveyor indemnity agreement
• Professional Liability for any of the above things

1.3) Is liquor liability excluded from Coverage A? - ANSWER- Yes, however host liquor coverage is provided if the named insured is not in the business of producing, selling or distributing liquor/alcohol

1.3) Does Coverage A apply to Workers Comp Laws? - ANSWER- No. Excluded

1.3) Is Employers Liability a provided coverage under Coverage A? - ANSWER- No. Excluded 3 / 4

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1.3) Pollution is excluded from Coverage A, however there are three exceptions. What are they? - ANSWER- - BI if sustained within a building and caused by smoke, fumes, vapor or soot originating from a equipment used to heat, cool, or dehumidify the building, or heat/cool water.

• If you are a contractor and the owner of the site/location has

been added as an additional insured with respect tothe contractors ongoing operations

• BI/PD resulting from heat, smoke or fumes from a hostile fire

1.3) If pollutants are brought to the site, and contractors are using them, then pollution is excluded. If pollutants were already on site and not being used, but a contractor spilled them, it would be covered. - ANSWER- True. Idk. Needed to remember that.

1.3) Exclusions to Coverage A, that would be covered on other policy types are... - ANSWER- - Workers Compensation related claims

• Aircraft, Auto, and Watercraft
• Mobile Equipment (unless while in use for liability)
• Property (owned by named insured)
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