4/5/25, 6:43 Adjuster Licensing CT- CH 8 |
PM
ADJUSTER LICENSING CT- CH 8 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
A part of the CPP.
Two Forms: Occurence and Claims made
Commercial General Liability Coverage
-The claims made policy coverd the liability if a business entity as long as the
injury or damage happens after a retroactive date. The claims must be made
during the policy period.
Protects the commercial business for its responsibility for BI and PD to others as
long as it occurs during the policy period
Occurrence Basis
The loss/claim can be reported to the insurer at ANY time in the future
(indefinitely).
An injury that occurs far into the future.
Latent Injury
*Requires CGLP to pay out claims years after the policy period is up
Coverage A : BI and PD
Commerical General Liability Coverage
Coverage B : Personal and Advertising Injury
Sections
Coverage C : Medical Payments
Bodily Injury and Property Damage Liability
Provides coverage for:
Coverage A of CGLP
1. Premises and operations liability
2.Products and completed operations liability
* limits per occurrence and aggregate limit
1. Incidental medical malpractice
- Injury when giving first aid
Additional Coverage Included 2.Nonowned watercraft
in Coverage A - a rented watercraft
3. Host liquor liability
- one who is not in the business of manufacturing, distributing or selling alcohol
Contractors are covered by the policy when they are legally liable for BI and PD
to other when they arise out of the use mobile equipment
Types of Mobile Equipment:
1. bulldozers
Coverage A : Mobile Equipment 2.forklifts
3.caterpillars
4. bobcats
5.farm machinery
* Self-propelled vehicles with permanently attached equipment are not
considered mobile equipment
1/
8
, 4/5/25, 6:43 Adjuster Licensing CT- CH 8 |
PM
Covers BI and PD to others as a result of consumption or use of a product
Coverage A : Products and Completed manufactured by the business
Operations
* Product DOES NOT include vending machines
Completed Operations Involves the negligence on the part of the person performing the work or service
Coverage A : Owners and Contractors This coverage adds the property owner to the policy. If a legal actions results, the
Protective Liability Coverage (OCP) contractors policy will be primary
Damage to the premise rented to you
Coverage A : Fire legal limit
* Sub- limit is $100,000
"LEASE"
1. Lease agreements
Coverage A : Insured Contracts 2.Easements
3.Incidential agreements with a municipality
4. Sidetrack agreements ( Railroad Agreements)
5. Elevator maintenance agreements
1. Intended injury/damage doesn't apply to self-defense
2.Contractual/Assumed liability (hold-harmless agreement)
3.Liquor Liability by serving alcohol to any person
4. Injuries to employees that are eligible for Workers Comp
5. Pollution (can be added by endorsement)
6.Autos, aircraft and watercraft
Coverage A of CGLP Exclusions 7. BI and PD caused by mobile equipment being TRANSPORTED.
8.BI and PD due to War
9.PD of insured and Personal property of others.
10. Damage to insured's product/work.
11. Damage to impaired property. (Defect)
12. Product recall.
13. Professional Liability Losses (Malpractice)
Coverage B of CGLP Provides coverage for Personal and Advertising Injury
* not the same as BI
Personal Injury:
Personal Injury 1. Wrongful detention or eviction
2.False arrest
3.Slander
4. Malicious Prosecution and abuse of process
Injury arising out of oral or written defamation due to advertising one's goods,
Advertising Injury
services, or products
Pays the reasonable medical expenses of OTHERS incurred within ONE YEAR of
the date of accident
Coverage C of CGLP
*$5,000/PERSON included as per occurence as well
* the insured cannot make claims on the policy
No Fault Protection Negligence doesn't have to be proven for payout.
2/
8
PM
ADJUSTER LICENSING CT- CH 8 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
A part of the CPP.
Two Forms: Occurence and Claims made
Commercial General Liability Coverage
-The claims made policy coverd the liability if a business entity as long as the
injury or damage happens after a retroactive date. The claims must be made
during the policy period.
Protects the commercial business for its responsibility for BI and PD to others as
long as it occurs during the policy period
Occurrence Basis
The loss/claim can be reported to the insurer at ANY time in the future
(indefinitely).
An injury that occurs far into the future.
Latent Injury
*Requires CGLP to pay out claims years after the policy period is up
Coverage A : BI and PD
Commerical General Liability Coverage
Coverage B : Personal and Advertising Injury
Sections
Coverage C : Medical Payments
Bodily Injury and Property Damage Liability
Provides coverage for:
Coverage A of CGLP
1. Premises and operations liability
2.Products and completed operations liability
* limits per occurrence and aggregate limit
1. Incidental medical malpractice
- Injury when giving first aid
Additional Coverage Included 2.Nonowned watercraft
in Coverage A - a rented watercraft
3. Host liquor liability
- one who is not in the business of manufacturing, distributing or selling alcohol
Contractors are covered by the policy when they are legally liable for BI and PD
to other when they arise out of the use mobile equipment
Types of Mobile Equipment:
1. bulldozers
Coverage A : Mobile Equipment 2.forklifts
3.caterpillars
4. bobcats
5.farm machinery
* Self-propelled vehicles with permanently attached equipment are not
considered mobile equipment
1/
8
, 4/5/25, 6:43 Adjuster Licensing CT- CH 8 |
PM
Covers BI and PD to others as a result of consumption or use of a product
Coverage A : Products and Completed manufactured by the business
Operations
* Product DOES NOT include vending machines
Completed Operations Involves the negligence on the part of the person performing the work or service
Coverage A : Owners and Contractors This coverage adds the property owner to the policy. If a legal actions results, the
Protective Liability Coverage (OCP) contractors policy will be primary
Damage to the premise rented to you
Coverage A : Fire legal limit
* Sub- limit is $100,000
"LEASE"
1. Lease agreements
Coverage A : Insured Contracts 2.Easements
3.Incidential agreements with a municipality
4. Sidetrack agreements ( Railroad Agreements)
5. Elevator maintenance agreements
1. Intended injury/damage doesn't apply to self-defense
2.Contractual/Assumed liability (hold-harmless agreement)
3.Liquor Liability by serving alcohol to any person
4. Injuries to employees that are eligible for Workers Comp
5. Pollution (can be added by endorsement)
6.Autos, aircraft and watercraft
Coverage A of CGLP Exclusions 7. BI and PD caused by mobile equipment being TRANSPORTED.
8.BI and PD due to War
9.PD of insured and Personal property of others.
10. Damage to insured's product/work.
11. Damage to impaired property. (Defect)
12. Product recall.
13. Professional Liability Losses (Malpractice)
Coverage B of CGLP Provides coverage for Personal and Advertising Injury
* not the same as BI
Personal Injury:
Personal Injury 1. Wrongful detention or eviction
2.False arrest
3.Slander
4. Malicious Prosecution and abuse of process
Injury arising out of oral or written defamation due to advertising one's goods,
Advertising Injury
services, or products
Pays the reasonable medical expenses of OTHERS incurred within ONE YEAR of
the date of accident
Coverage C of CGLP
*$5,000/PERSON included as per occurence as well
* the insured cannot make claims on the policy
No Fault Protection Negligence doesn't have to be proven for payout.
2/
8
