2
CRIS Course 3 - Auto, Surety, CIPS & Misc Lines Exam with
|| || || || || || || || || || || ||
accurate detailed solutions || ||
Assuming all other eligibility requirements are met, which one of the following contractors
|| || || || || || || || || || || || ||
would qualify for an ISO BOP? - ✔✔Da Vinci Painters, a residential painting company
|| || || || || || || || || || || || ||
(these wouldn't qualify: Avis Escalator Service
|| || || || ||
|| ,Boyles Hot Tub Installation and Repair Service, and a GC)
|| || || || || || || || ||
Swanson Builders has erected scaffolding so that the brickwork on the exterior of a new
|| || || || || || || || || || || || || || ||
four-story office building can be completed. The scaffolding collapses and injures a
|| || || || || || || || || || || ||
pedestrian. Under which part of Swanson's commercial package policy would coverage for
|| || || || || || || || || || || ||
this incident be provided? - ✔✔GL policy
|| || || || || ||
Commercial general liability coverage protects the insured against claims from injured third
|| || || || || || || || || || || ||
parties.
An insurance agent is reviewing Swanson Contracting's insurance program to ensure that
|| || || || || || || || || || || ||
there are no gaps in coverage. The agent assures Swanson that the coverage provided by
|| || || || || || || || || || || || || || ||
the various policies will "dovetail." This means that: - ✔✔the definitions of covered property
|| || || || || || || || || || || || ||
and other policy provisions are drafted to create in one policy the exact coverage excluded
|| || || || || || || || || || || || || || || ||
by another policy.
|| ||
(When policies dovetail, the definitions of covered property and other policy provisions are
|| || || || || || || || || || || || ||
drafted to create in one policy the exact coverage excluded by another policy.)
|| || || || || || || || || || || ||
Shortz the Electrician has applied for an ISO BOP. To qualify for this policy, Shortz the
|| || || || || || || || || || || || || || || ||
Electrician must meet all of the following eligibility requirements except: - ✔✔Sales
|| || || || || || || || || || || ||
unrelated to installation, service, or repair that is 10 percent or less of annual gross sales
|| || || || || || || || || || || || || || ||
, 2
(Although a 10 percent requirement applies to subcontracted work, installation, service, or
|| || || || || || || || || || || ||
repair work is subject to a 25 percent limit.)
|| || || || || || || ||
Conrad Construction's insurance program is written under a package policy. This means that
|| || || || || || || || || || || || ||
- ✔✔Conrad has a single policy that includes two or more coverages that could also be
|| || || || || || || || || || || || || || || ||
written as separate policies.
|| || ||
Florshine Floor Refinishers is covered by a business auto policy with a Motor Carrier Act
|| || || || || || || || || || || || || || ||
endorsement (MCS-90). Florshine uses a variety of hazardous chemicals at job sites and
|| || || || || || || || || || || || ||
transports them in its fleet of commercial vans. The MCS-90 endorsement: -
|| || || || || || || || || || || ||
✔✔demonstrates that Florshine Floor Refinishers will be able to pay for certain pollution || || || || || || || || || || || || ||
liability and environmental restoration costs arising out of an accident that occurs on a
|| || || || || || || || || || || || || ||
public highway. ||
(The MCS-90 endorsement serves as a financial guarantee to third parties that the insured
|| || || || || || || || || || || || || ||
will respond to certain pollution liability claims arising out of an accident.)
|| || || || || || || || || || ||
The business auto policy's "Omnibus Clause" provides: - ✔✔insured status to those who
|| || || || || || || || || || || || ||
may be held liable for injury or damage arising from the insured's auto-related conduct.
|| || || || || || || || || || || || ||
(The omnibus clause automatically provides insured status to anyone not otherwise an
|| || || || || || || || || || || ||
insured who is liable for the conduct of an insured to the extent this other party is
|| || || || || || || || || || || || || || || || ||
vicariously or statutorily liable for another insured's conduct.)
|| || || || || || ||
Seymour Windows is applying for a BAP with Karr Insurance Company. However, none of
|| || || || || || || || || || || || || ||
the available symbols fits the needs of Seymour Windows to insure their vehicles for
|| || || || || || || || || || || || || ||
collision coverage. What can they do? - ✔✔Karr Insurance Company can use Symbol 10
|| || || || || || || || || || || || || ||
(custom symbol) on Seymour Windows' declarations page for collision coverage and describe
|| || || || || || || || || || ||
Symbol 10 in the covered auto designation symbol endorsement in mutually agreed terms.
|| || || || || || || || || || || || ||
CRIS Course 3 - Auto, Surety, CIPS & Misc Lines Exam with
|| || || || || || || || || || || ||
accurate detailed solutions || ||
Assuming all other eligibility requirements are met, which one of the following contractors
|| || || || || || || || || || || || ||
would qualify for an ISO BOP? - ✔✔Da Vinci Painters, a residential painting company
|| || || || || || || || || || || || ||
(these wouldn't qualify: Avis Escalator Service
|| || || || ||
|| ,Boyles Hot Tub Installation and Repair Service, and a GC)
|| || || || || || || || ||
Swanson Builders has erected scaffolding so that the brickwork on the exterior of a new
|| || || || || || || || || || || || || || ||
four-story office building can be completed. The scaffolding collapses and injures a
|| || || || || || || || || || || ||
pedestrian. Under which part of Swanson's commercial package policy would coverage for
|| || || || || || || || || || || ||
this incident be provided? - ✔✔GL policy
|| || || || || ||
Commercial general liability coverage protects the insured against claims from injured third
|| || || || || || || || || || || ||
parties.
An insurance agent is reviewing Swanson Contracting's insurance program to ensure that
|| || || || || || || || || || || ||
there are no gaps in coverage. The agent assures Swanson that the coverage provided by
|| || || || || || || || || || || || || || ||
the various policies will "dovetail." This means that: - ✔✔the definitions of covered property
|| || || || || || || || || || || || ||
and other policy provisions are drafted to create in one policy the exact coverage excluded
|| || || || || || || || || || || || || || || ||
by another policy.
|| ||
(When policies dovetail, the definitions of covered property and other policy provisions are
|| || || || || || || || || || || || ||
drafted to create in one policy the exact coverage excluded by another policy.)
|| || || || || || || || || || || ||
Shortz the Electrician has applied for an ISO BOP. To qualify for this policy, Shortz the
|| || || || || || || || || || || || || || || ||
Electrician must meet all of the following eligibility requirements except: - ✔✔Sales
|| || || || || || || || || || || ||
unrelated to installation, service, or repair that is 10 percent or less of annual gross sales
|| || || || || || || || || || || || || || ||
, 2
(Although a 10 percent requirement applies to subcontracted work, installation, service, or
|| || || || || || || || || || || ||
repair work is subject to a 25 percent limit.)
|| || || || || || || ||
Conrad Construction's insurance program is written under a package policy. This means that
|| || || || || || || || || || || || ||
- ✔✔Conrad has a single policy that includes two or more coverages that could also be
|| || || || || || || || || || || || || || || ||
written as separate policies.
|| || ||
Florshine Floor Refinishers is covered by a business auto policy with a Motor Carrier Act
|| || || || || || || || || || || || || || ||
endorsement (MCS-90). Florshine uses a variety of hazardous chemicals at job sites and
|| || || || || || || || || || || || ||
transports them in its fleet of commercial vans. The MCS-90 endorsement: -
|| || || || || || || || || || || ||
✔✔demonstrates that Florshine Floor Refinishers will be able to pay for certain pollution || || || || || || || || || || || || ||
liability and environmental restoration costs arising out of an accident that occurs on a
|| || || || || || || || || || || || || ||
public highway. ||
(The MCS-90 endorsement serves as a financial guarantee to third parties that the insured
|| || || || || || || || || || || || || ||
will respond to certain pollution liability claims arising out of an accident.)
|| || || || || || || || || || ||
The business auto policy's "Omnibus Clause" provides: - ✔✔insured status to those who
|| || || || || || || || || || || || ||
may be held liable for injury or damage arising from the insured's auto-related conduct.
|| || || || || || || || || || || || ||
(The omnibus clause automatically provides insured status to anyone not otherwise an
|| || || || || || || || || || || ||
insured who is liable for the conduct of an insured to the extent this other party is
|| || || || || || || || || || || || || || || || ||
vicariously or statutorily liable for another insured's conduct.)
|| || || || || || ||
Seymour Windows is applying for a BAP with Karr Insurance Company. However, none of
|| || || || || || || || || || || || || ||
the available symbols fits the needs of Seymour Windows to insure their vehicles for
|| || || || || || || || || || || || || ||
collision coverage. What can they do? - ✔✔Karr Insurance Company can use Symbol 10
|| || || || || || || || || || || || || ||
(custom symbol) on Seymour Windows' declarations page for collision coverage and describe
|| || || || || || || || || || ||
Symbol 10 in the covered auto designation symbol endorsement in mutually agreed terms.
|| || || || || || || || || || || || ||
