CIC COMMERCIAL MULTILINE TESTS EXAM
2026 ACTUAL PAPER WITH VERIFIED
SOLUTIONS
◉ Identify the reasons for purchasing commercial crime insurance
based on the exclusions and limitations of the Building and Personal
Property Coverage Form with Causes Of Loss- Special Form. Answer:
Commercial Property policy does not cover currency, money,
securities..., COL doesn't cover theft
Excludes:
Dishonest Acts
Voluntary Parting
limitations of the Cause of loss form.=
-doesn't pay for mysterious disapperance
-not covered for unauthorized property transfer
-small limits ($2.5k)
◉ Identify the 7 Insuring Agreements included in the Commercial
Crime Coverage Form (Loss Sustained Form) as well as the
Commercial Crime Coverage Form (Discovery Form). Answer: 1.)
Employee Theft
,2.)Forgery or Alterations
3.)Inside Premises- Theft of Money & Securities
4.)Inside Premises-Robbery or Safe Burglary of Other Property
5.)Outside The Premises
6.)Computer & Funds Transfer Fraud
7.)Money Orders & Counterfeit Money
- some of these can be modified by endorsements
◉ Explain how the trigger of coverage under the Commercial Crime
Coverage Form (Loss Sustained Form) will apply to claims
situations. Answer: Loss Sustained is triggered when a loss occurred
during the policy period AND is discovered during policy period or
the extended period of discovery (1 yr)
◉ Explain how the Commercial Crime Coverage form (Loss
Sustained Form) applies to claims situation that occur partly or
entirely during prior policies. Answer: Same Carrier
-Loss must be covered under current policy
-current policy must be effective on the cancellation date of the prior
insurance (NO Gap)
-Settles losses from current policy backwards
-highest limit of Insurance applies w/ Current deductible
,Different Carriers
-Pays lowest limit with current deductible
◉ Explain how the trigger of coverage under the Commercial Crime
Coverage Form (Discovery Form) will apply to claims situations.
Answer: Discovery coverage is triggered for a loss that occurred at
anytime during the current policy period AND is discovered during
the extended Discovery period (60 days)
- includes Retro date: if an occurrence happened before the
established date= NO COVERAGE
◉ Describe and apply the coverage provided by the Insuring
Agreement A.1. Employee Theft. Answer: 1. Covered Property=
money, securities, other property from direct theft from an
employee.
2. Property could be held by N.I. or something they are legally liable
for
3. Coverage applies per loss; not per employee
4. employee theft includes forgery by employee under this insuring
agreement
, - coverage terminates immediately when the named insured or any
of its partners learn of any dishonest act or theft by employee
◉ Describe "money" "securities", other property., "theft" and
"employee" as found in the Commercial Crime Coverage Form.
Answer: money- coins, cash, has a face value; traveler's checks and
money orders; deposits in insured's account at financial institution
securities- Tokens, Tickets, revenue, other stamps;
Other property- tangible property, No Electronic Data
Theft- unlawful taking of property to the deprivation of the insured.
Employee:
-Current or past (30 day window) - MUST be compensated AND you
have direct control over services performed for you
-Temp/leased
-Former Employee who is now a consultant
-intern
-Merger or Conslidated employees
-Managers, directors, trustees
2026 ACTUAL PAPER WITH VERIFIED
SOLUTIONS
◉ Identify the reasons for purchasing commercial crime insurance
based on the exclusions and limitations of the Building and Personal
Property Coverage Form with Causes Of Loss- Special Form. Answer:
Commercial Property policy does not cover currency, money,
securities..., COL doesn't cover theft
Excludes:
Dishonest Acts
Voluntary Parting
limitations of the Cause of loss form.=
-doesn't pay for mysterious disapperance
-not covered for unauthorized property transfer
-small limits ($2.5k)
◉ Identify the 7 Insuring Agreements included in the Commercial
Crime Coverage Form (Loss Sustained Form) as well as the
Commercial Crime Coverage Form (Discovery Form). Answer: 1.)
Employee Theft
,2.)Forgery or Alterations
3.)Inside Premises- Theft of Money & Securities
4.)Inside Premises-Robbery or Safe Burglary of Other Property
5.)Outside The Premises
6.)Computer & Funds Transfer Fraud
7.)Money Orders & Counterfeit Money
- some of these can be modified by endorsements
◉ Explain how the trigger of coverage under the Commercial Crime
Coverage Form (Loss Sustained Form) will apply to claims
situations. Answer: Loss Sustained is triggered when a loss occurred
during the policy period AND is discovered during policy period or
the extended period of discovery (1 yr)
◉ Explain how the Commercial Crime Coverage form (Loss
Sustained Form) applies to claims situation that occur partly or
entirely during prior policies. Answer: Same Carrier
-Loss must be covered under current policy
-current policy must be effective on the cancellation date of the prior
insurance (NO Gap)
-Settles losses from current policy backwards
-highest limit of Insurance applies w/ Current deductible
,Different Carriers
-Pays lowest limit with current deductible
◉ Explain how the trigger of coverage under the Commercial Crime
Coverage Form (Discovery Form) will apply to claims situations.
Answer: Discovery coverage is triggered for a loss that occurred at
anytime during the current policy period AND is discovered during
the extended Discovery period (60 days)
- includes Retro date: if an occurrence happened before the
established date= NO COVERAGE
◉ Describe and apply the coverage provided by the Insuring
Agreement A.1. Employee Theft. Answer: 1. Covered Property=
money, securities, other property from direct theft from an
employee.
2. Property could be held by N.I. or something they are legally liable
for
3. Coverage applies per loss; not per employee
4. employee theft includes forgery by employee under this insuring
agreement
, - coverage terminates immediately when the named insured or any
of its partners learn of any dishonest act or theft by employee
◉ Describe "money" "securities", other property., "theft" and
"employee" as found in the Commercial Crime Coverage Form.
Answer: money- coins, cash, has a face value; traveler's checks and
money orders; deposits in insured's account at financial institution
securities- Tokens, Tickets, revenue, other stamps;
Other property- tangible property, No Electronic Data
Theft- unlawful taking of property to the deprivation of the insured.
Employee:
-Current or past (30 day window) - MUST be compensated AND you
have direct control over services performed for you
-Temp/leased
-Former Employee who is now a consultant
-intern
-Merger or Conslidated employees
-Managers, directors, trustees
