CIC Commercial Multi-line Exam Prep 2025/2026 ACTUAL
COMPLETE EXAM comprehensive questions and Correct
Detailed & Elaborated ( Expert verified accurate solution) |
Graded A+/ get it 100% accurate!! 2025 TEST!!
Identify and apply Perils Covered and Perils Excluded by this
AAIS Contractors
Equipment Floater - ANSWER-Covered Perils- Open
peril policy
Excluded Perils- civil
authority nuclear
hazard war
contamination/
deteroration -
dishonety/ illegal acts
-Mechanical breakdown
-Missing property
-pollutants
-puncture, blowout, road damage
-voluntary parting
-weight capacity
,List the five exceptions to a common carrier's liability for the
property of others in their possession - ANSWER-1.) Acts of
nature (flood, windstorm, earthquake)
2.)Acts of public enemy
3.)Exercise of Public Authority
4.)fault of negligence on part of shipper (poor packaging)
5.)inherent vice (apples & dates)
Identify the advantages for the owner of the goods to purchase
a transportation
policy - ANSWER--Immediate
payment for loss
-insure will
subrogate
-broad
coverage
-purchase limits necessary for only
your goods
-inexpensive when compared to what the carrier
may charge
Identify and describe underwriting considerations used
when writing various
,types of transportation policies - ANSWER--What's
being transported
-method of travel
-distance of travel
-territory traveled
-freq. of theft
-subrogation possibilites
-financial condition
-maintenance of vehicles
-loss history
Identify the reasons for purchasing commercial crime
insurance based on the exclusions and limitations of the
Building and Personal Property Coverage Form with Causes Of
Loss- Special Form - ANSWER-Commercial Property policy
does not coverage bills, currency, money, notes, accounts
etc...
limitations of the C.P.=
-doesn't pay for mysterious disapperance
-not covered for unathuorized property transfer
-small limits ($2.5k)
Excludes:
, Dishonest
Acts
Voluntary
Parting
Identify the 7 Insuring Agreements included in the Commercial
Crime Coverage
Form (Loss Sustained Form) as well as the Commercial Crime
Coverage Form
(Discovery Form) - ANSWER-1.) Employee Theft
2.)Forgery or Alterations
3.)Inside Premises- Theft of Money & Securities
4.)Inside Premises-Robbery or Safe Burglary of Other Property
5.)Outside The Premises
6.)Computer & Funds Transfer Fraud
7.)Money Orders & Counterfeit Money
Explain the valuation of Money, Securities, and Property Other
Than Money and
Securities under the Commercial Crime Coverage Forms -
ANSWER--Money
will be paid at face values in country
or origin
COMPLETE EXAM comprehensive questions and Correct
Detailed & Elaborated ( Expert verified accurate solution) |
Graded A+/ get it 100% accurate!! 2025 TEST!!
Identify and apply Perils Covered and Perils Excluded by this
AAIS Contractors
Equipment Floater - ANSWER-Covered Perils- Open
peril policy
Excluded Perils- civil
authority nuclear
hazard war
contamination/
deteroration -
dishonety/ illegal acts
-Mechanical breakdown
-Missing property
-pollutants
-puncture, blowout, road damage
-voluntary parting
-weight capacity
,List the five exceptions to a common carrier's liability for the
property of others in their possession - ANSWER-1.) Acts of
nature (flood, windstorm, earthquake)
2.)Acts of public enemy
3.)Exercise of Public Authority
4.)fault of negligence on part of shipper (poor packaging)
5.)inherent vice (apples & dates)
Identify the advantages for the owner of the goods to purchase
a transportation
policy - ANSWER--Immediate
payment for loss
-insure will
subrogate
-broad
coverage
-purchase limits necessary for only
your goods
-inexpensive when compared to what the carrier
may charge
Identify and describe underwriting considerations used
when writing various
,types of transportation policies - ANSWER--What's
being transported
-method of travel
-distance of travel
-territory traveled
-freq. of theft
-subrogation possibilites
-financial condition
-maintenance of vehicles
-loss history
Identify the reasons for purchasing commercial crime
insurance based on the exclusions and limitations of the
Building and Personal Property Coverage Form with Causes Of
Loss- Special Form - ANSWER-Commercial Property policy
does not coverage bills, currency, money, notes, accounts
etc...
limitations of the C.P.=
-doesn't pay for mysterious disapperance
-not covered for unathuorized property transfer
-small limits ($2.5k)
Excludes:
, Dishonest
Acts
Voluntary
Parting
Identify the 7 Insuring Agreements included in the Commercial
Crime Coverage
Form (Loss Sustained Form) as well as the Commercial Crime
Coverage Form
(Discovery Form) - ANSWER-1.) Employee Theft
2.)Forgery or Alterations
3.)Inside Premises- Theft of Money & Securities
4.)Inside Premises-Robbery or Safe Burglary of Other Property
5.)Outside The Premises
6.)Computer & Funds Transfer Fraud
7.)Money Orders & Counterfeit Money
Explain the valuation of Money, Securities, and Property Other
Than Money and
Securities under the Commercial Crime Coverage Forms -
ANSWER--Money
will be paid at face values in country
or origin
