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CISR PERSONAL LINES MISCELLANEOUS EXAM
ACTUAL EXAM OVER 100 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES
|AGRADE NEWEST 2024-2025
What is a trade?
Skilled manual or mechanical work.
Examples: Painter, Carpenter, Electrician, etc.
What are the four cited activities that can void the definition of
business?
1 - One or more activities for which no "insured" received more
than $2,000 in the 12 months prior to the beginning of the
policy period.
2 - Volunteer activities where no compensation is received
other than reimbursement of expenses.
3 - Home day care provided without compensation even if
there is a mutual exchange of day care services.
4 - Home day care to a relative of an "insured" even if receiving
compensation for the services.
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What is an occupation?
An activity or pursuit in which a person is engaged; a person's
usual or principal work or business.
What are the two parts of the definition of "Business"?
Part 1 - A business includes a trade, profession, or occupation
engaged in on a full-time, part-time, or occasional basis.
Part 2 - A business is any activity that is engaged in for money
or other compensation unless it is one of four cited activities.
Is coverage for a loss to the Coverage A - Dwelling effected by
"business" use?
No - there is not a limitation or exclusion for a dwelling with a
"business" exposure.
What does the Homeowners 3 - Special Form policy
automatically include in regards to Coverage A - Dwelling &
Coverage B - Other Structures?
It automatically includes Coverage B - Other Structures
coverage up to 10% of Coverage A - Dwelling limit.
Under the Homeowners 3 - Special Form policy, what three
exclusions apply to an other structure?
1 - An other structure that is rented or held for rental to anyone
not a tenant of the dwelling unless for use solely as a private
garage.
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2 - An other structure with a business conducted in it.
3 - An other structure used to store "business" property unless
the property is both: (1) Owned solely by an "insured" or tenant
of the dwelling & (2) The "business" property is not gaseous or
liquid fuel unless it is in a permanently installed fuel tank of a
vehicle or craft parked or stored in the structure.
What is the Permitted Incidental Occupancies - Residence
Premises HO 04 42 used for?
Another structure with an eligible incidental "business"
exposure is typically offices, schools, or studios.
What does the Increased Limits on Business Property HO 04 12
not provide coverage on?
1 - "Business" property that pertains to a "business" actually
conducted on the "residence premises."
2 - "Business" property in storage or held as a sample or for sale
or delivery after a sale.
What is the Permitted Incidental Occupancies - Residence
Premises HO 04 42 endorsement used for?
Applies to personal property used in the "business" described
in the Schedule & removes the $2,500.00 "business" limit for
property on the "residence premises" for furnishings, supplies,
CISR PERSONAL LINES MISCELLANEOUS EXAM
ACTUAL EXAM OVER 100 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES
|AGRADE NEWEST 2024-2025
What is a trade?
Skilled manual or mechanical work.
Examples: Painter, Carpenter, Electrician, etc.
What are the four cited activities that can void the definition of
business?
1 - One or more activities for which no "insured" received more
than $2,000 in the 12 months prior to the beginning of the
policy period.
2 - Volunteer activities where no compensation is received
other than reimbursement of expenses.
3 - Home day care provided without compensation even if
there is a mutual exchange of day care services.
4 - Home day care to a relative of an "insured" even if receiving
compensation for the services.
, 2
What is an occupation?
An activity or pursuit in which a person is engaged; a person's
usual or principal work or business.
What are the two parts of the definition of "Business"?
Part 1 - A business includes a trade, profession, or occupation
engaged in on a full-time, part-time, or occasional basis.
Part 2 - A business is any activity that is engaged in for money
or other compensation unless it is one of four cited activities.
Is coverage for a loss to the Coverage A - Dwelling effected by
"business" use?
No - there is not a limitation or exclusion for a dwelling with a
"business" exposure.
What does the Homeowners 3 - Special Form policy
automatically include in regards to Coverage A - Dwelling &
Coverage B - Other Structures?
It automatically includes Coverage B - Other Structures
coverage up to 10% of Coverage A - Dwelling limit.
Under the Homeowners 3 - Special Form policy, what three
exclusions apply to an other structure?
1 - An other structure that is rented or held for rental to anyone
not a tenant of the dwelling unless for use solely as a private
garage.
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2 - An other structure with a business conducted in it.
3 - An other structure used to store "business" property unless
the property is both: (1) Owned solely by an "insured" or tenant
of the dwelling & (2) The "business" property is not gaseous or
liquid fuel unless it is in a permanently installed fuel tank of a
vehicle or craft parked or stored in the structure.
What is the Permitted Incidental Occupancies - Residence
Premises HO 04 42 used for?
Another structure with an eligible incidental "business"
exposure is typically offices, schools, or studios.
What does the Increased Limits on Business Property HO 04 12
not provide coverage on?
1 - "Business" property that pertains to a "business" actually
conducted on the "residence premises."
2 - "Business" property in storage or held as a sample or for sale
or delivery after a sale.
What is the Permitted Incidental Occupancies - Residence
Premises HO 04 42 endorsement used for?
Applies to personal property used in the "business" described
in the Schedule & removes the $2,500.00 "business" limit for
property on the "residence premises" for furnishings, supplies,
