CIC – Commercial Casualty
Institute Actual exam
COMPREHENSIVE QUESTIONS
AND VERIFIED ANSWERS
2026(GRADED A+) DETAILED
ANSWERS!!
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
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Institute Actual exam
COMPREHENSIVE QUESTIONS
AND VERIFIED ANSWERS
2026(GRADED A+) DETAILED
ANSWERS!!
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
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
