ACA FINAL EXAM/ACA LATEST UPDATED EXAM 100% DETAILED QUESTIONS AND COMPLETELY VERIFIED AND HIGHLIGHTED ANSWERS.

ACA FINAL EXAM/ACA LATEST UPDATED EXAM 100% DETAILED QUESTIONS AND COMPLETELY VERIFIED AND HIGHLIGHTED ANSWERS. Which of the following are covered exposures for bodily injury and property damage under the CGL (Commercial General Liability) Policy: Products and completed operations Contractual Liability Contingent Liability All of the above are available in the CGL policy - Answer All of the above are available in the CGL policy Under a CGL Occurrence liability form, which policy would cover an accident that occurred June 1, 1998, and was discovered and reported July 15, 2008: A policy dated 1/1/98 to 12/31/98 A policy dated 1/1/99 to 12/31/99 A policy dated 1/1/08 to 12/31/08 No policy would cover a claim filed in 2008 for an accident in 1998 - Answer A policy dated 1/1/98 to 12/31/98 A furniture manufacturing business wanted to serve free beer at its company picnic. What is required for this business to have liability coverage for liquor consumption at the picnic? The business CGL policy will cover this exposure The business CGL requires the liquor liability form in this case The business CGL should have the "extension of coverage" endorsementThere is no way liability for alcoholic beverages can be included under CGL - Answer The business CGL policy will cover this exposure Insurance agents and adjusters may have their professional activities covered under a type of liability insurance called: Owners Protective LiabilityEmployment Related Practices LiabilityMalpractice Liability Errors and Omissions Liability - Answer Errors and Omissions Liability