Chapter 9 - CGL Flashcards
1
Q
What are the four areas of exposure for CGL?
A
Premises and Operation, Products, Completed Operations, Contingent Liability
2
Q
Explain an Occurrence Form
A
Occurrence needs to occur during the policy period and can be reported up to 1 year after the policy period
3
Q
Explain a Claims Made Form
A
Occurrence needs to happen between the retroactive date and the end of the policy period. Needs to be reported during the policy period or during the BERP or SERP.
4
Q
What are the parts of the CGL?
A
Section I - Coverages A - BI/PD Liability B - Personal and Advertising Injury C - Medical Payments Section II - Who is an Insured Section III - Limits Section IV - CGL Conditions Section V - Definitions
5
Q
What are the Section III limits?
A
General Agg Products Completed - Operations Personal and Advertising Injury Per Occurrence Medical Expense
6
Q
Which Items are automatically covered under Insured Contracts?
A
L - Lease of Premises E - Easement Agreement A - Agreement to Indemnify S - Sidetrack Agreement (HoldHarmless) E - Elevator Maintenance Agreement
7
Q
The Insured’s Right to Claim Information is found in CGL Section IV when which form is on the CGL?
A
Claims Made Form
