Commercial Casualty II - CISR |2024 UPDATE
|REAL EXAM QUESTIONS AND VERIFIED
ANSWERS/ACCURATE SOLUTIONS |GET IT
100% CORRECT!! ALREADY GRADED A+
State workers compensation laws are no-fault systems. T/F - answer-True
Employer purchase of workers compensation insurance is voluntary in all state
but Texas and New Jersey. T/F - answer-False; With the exception of Texas and
new Jersey, all states have made employer purchase of workers compensation
insurance mandatory.
One advantage of workers compensation to employers is predictable costs. T/F
- answer-True
Explain the difference between Covered Auto Liability Coverage and Physical
Damage Coverage. - answer-Covered autos liability coverage provides
protection from claims for bodily injury and property damage for which the
insured is legally responsible. Physical damage coverage provides coverage for
damage to or loss of the insured's covered auto.
Explain the declarations page portion of a Business Auto Policy. - answer-The
policy's declaration page shows the who, what, when, and where.
,Explain the Coverage Form portion of a Business Auto Policy. - answer-The
heart of the insurance coverage form where the promises the insurance
company is making to the insured are outlined in detail.
Explain the Conditions portion of a Business Auto Policy. - answer-The section
in the insurance coverage form that states the rules for the insured and the
insurance company under the contract.
Explain the Definitions portion of a Business Auto Policy. - answer-The section
in the policy that explains the meaning of the words in quotation marks that
appear throughout the policy.
Explain the Endorsement portion of a Business Auto Policy. - answer-Additions
to a policy that amend the coverage provided in the coverage form.
Define "accident" - answer-A repeated or continuous exposure to the same
conditions that result in "bodily injury" or "property damage"
Define "auto" - answer-A land motor vehicle, "trailer," semitrailer, or other
land vehicle that is subject to the laws where it is licensed and principally
garaged
Define "insured" - answer-A person or organization qualifying as an insured in
the Who Is An Insured provision of the coverage
, BAP; A person using a covered auto in an auto-type business is insured if the
business is the named insured's business. T/F - answer-True
BAP; Non-employees loading or unloading vehicles are insureds. T/F - answer-
False; This is one of five exceptions to A.1.b. Others Using Covered Auto.
BAP; Partners are insureds while driving their own autos. T/F - answer-False;
Partners using a covered auto that they or a member of their households own
are not insureds.
Give two examples of a driver breaching a duty owed. Then explain why a
driver who breaches a duty owed might not be considered negligent. - answer-
A driver who makes a phone call or sends a text message is breaching a duty
owed. So is a driver who grooms herself or eats a take-out meal while driving.
These drivers are not considered negligent unless the breaches they commit
are directly related to damages caused in accidents. Breaches of duty must be
the proximate cause of an injury or damage.
Appraisal For Physical Damage Loss - answer-states the rules regarding
appraisal of the loss and what the insured and the insurance company do if
they disagree on the amount of "loss"
Duties In The Event Of Accident, Claim, Suit, Or Loss - answer-describes the
duties the insured has in the event of a loss
Legal Action Against Us - answer-explains the conditions under which the
insured can start legal proceedings against the company
|REAL EXAM QUESTIONS AND VERIFIED
ANSWERS/ACCURATE SOLUTIONS |GET IT
100% CORRECT!! ALREADY GRADED A+
State workers compensation laws are no-fault systems. T/F - answer-True
Employer purchase of workers compensation insurance is voluntary in all state
but Texas and New Jersey. T/F - answer-False; With the exception of Texas and
new Jersey, all states have made employer purchase of workers compensation
insurance mandatory.
One advantage of workers compensation to employers is predictable costs. T/F
- answer-True
Explain the difference between Covered Auto Liability Coverage and Physical
Damage Coverage. - answer-Covered autos liability coverage provides
protection from claims for bodily injury and property damage for which the
insured is legally responsible. Physical damage coverage provides coverage for
damage to or loss of the insured's covered auto.
Explain the declarations page portion of a Business Auto Policy. - answer-The
policy's declaration page shows the who, what, when, and where.
,Explain the Coverage Form portion of a Business Auto Policy. - answer-The
heart of the insurance coverage form where the promises the insurance
company is making to the insured are outlined in detail.
Explain the Conditions portion of a Business Auto Policy. - answer-The section
in the insurance coverage form that states the rules for the insured and the
insurance company under the contract.
Explain the Definitions portion of a Business Auto Policy. - answer-The section
in the policy that explains the meaning of the words in quotation marks that
appear throughout the policy.
Explain the Endorsement portion of a Business Auto Policy. - answer-Additions
to a policy that amend the coverage provided in the coverage form.
Define "accident" - answer-A repeated or continuous exposure to the same
conditions that result in "bodily injury" or "property damage"
Define "auto" - answer-A land motor vehicle, "trailer," semitrailer, or other
land vehicle that is subject to the laws where it is licensed and principally
garaged
Define "insured" - answer-A person or organization qualifying as an insured in
the Who Is An Insured provision of the coverage
, BAP; A person using a covered auto in an auto-type business is insured if the
business is the named insured's business. T/F - answer-True
BAP; Non-employees loading or unloading vehicles are insureds. T/F - answer-
False; This is one of five exceptions to A.1.b. Others Using Covered Auto.
BAP; Partners are insureds while driving their own autos. T/F - answer-False;
Partners using a covered auto that they or a member of their households own
are not insureds.
Give two examples of a driver breaching a duty owed. Then explain why a
driver who breaches a duty owed might not be considered negligent. - answer-
A driver who makes a phone call or sends a text message is breaching a duty
owed. So is a driver who grooms herself or eats a take-out meal while driving.
These drivers are not considered negligent unless the breaches they commit
are directly related to damages caused in accidents. Breaches of duty must be
the proximate cause of an injury or damage.
Appraisal For Physical Damage Loss - answer-states the rules regarding
appraisal of the loss and what the insured and the insurance company do if
they disagree on the amount of "loss"
Duties In The Event Of Accident, Claim, Suit, Or Loss - answer-describes the
duties the insured has in the event of a loss
Legal Action Against Us - answer-explains the conditions under which the
insured can start legal proceedings against the company
