General Liability

Question 1

And ensure the fence and insured under a CGL. The insurer incurs $21,000 in legal defense costs, and the judgment against the insured is $100,000 plus $7900 in prejudgment interest. If the CGL and has $100,000 occurrence limit, how much will the insurer pay of these costs?

Answer 1

$128,900

Question 2

Can you ensure a joint venture form 50 days ago and not yet reported to the insured?

Answer 2

No

Question 3

A commercial umbrella policy is similar to:

Answer 3

Stand alone excess

Question 4

In the form of general liability coverage that an insured may purchase to protect against claims arising out of the operations of independent contractors is called:

Answer 4

Owners and contractors protective form

Question 5

An insurance agency hold the Christmas party and one of the guest has had a little too much bubbly. If the guest injure someone and the injured party sues the agency:

Answer 5

The agencies CGL will respond

Question 6

The basic limit of fire damage legal liability available through the CGL is:

Answer 6

$100,000

Question 7

How long does the insured have to request the supplemental extended reporting period After the expiration of their claims made CGL

Answer 7

60 days

Question 8

When me and Carrie are refused to issue supplemental extended reporting coverage?

Answer 8

Carrier cannot refuse requested within 60 days of policy expiration

Question 9

The retroactive date under CGL establishes earliest day claim will be honored by company under:

Answer 9

Claims made form

Question 10

Claim is made under C GL coverage C – medical payments for a slip fall. Two years later injured person comes back saying the injury has started bothering him again. Covered under the CGL coverage C – medical payments?

Answer 10

No, expenses must be incurred within one year of accident

Question 11

Your insured has a CGL. He is concerned about a situation where the tenant claims the landlord and properly entered his apartment and affected him. The tenant claims that this violated his privacy. Covered or not?

Answer 11

Covered as a personal injury, if coverage B is on policy

Question 12

And employees her on the insureds premises. Six months later the employee dice. Are the claims funeral expenses covered under the insurance CGL, coverage C – medical payments?

Answer 12

No, employees not covered for med pay

Question 13

And sure decides to go out of business. He does not renew a claims made CGL policy. A lot of cars 57 days after policy expiration. Covered and not?

Answer 13

Not covered because 60 day period is for reporting claims that happened during policy.

Question 14

What is the minimum limit for personal and advertising injury and the CGL?

Answer 14

$25,000 per person, subject to aggregate limit of $50,000

Question 15

Minimum limits for hospital professional liability are:

Answer 15

250/750

Question 16

Specify the basic limits of coverage and the CGL for medical payments

Answer 16

$5000 per person subject to aggregate limit

Question 17

The basic limit for fire damage legal liability in the CGL

Answer 17

$100,000 subject to the aggregate

Question 18

Name the correct supplementary payments under the CGL:

Answer 18

Belmont cost up to $250, interest on judgments, expenses incurred at company request

Question 19

Joe buys occurrence CGL 1/1/03. He buys a claim made CGL 1/1/04 and renews it 1/105. The 1/1/05 policy has a retroactive date 21/1/04. An injury from 8/1/03 turns up in 2005 when a claim is made. What policy covers The 8/1/03 injury?

Answer 19

1/1/03 policy, occurrence policy covers and about or how much later claim is made if enforce at the time of the injury

Question 20

Mr. Jones purchases a CDL claims made policy 1/1/04. Retro-date is policy inception. He renews 1/1/05 with the retro-date of 1/104. An injury occurs 5/8/0 for the claim is made 3/30/05. Which policy covers?

Answer 20

1/1/05 policy as the retro-date covers anything on or after 1/1/04

Question 21

Chemical manufacturer accidentally releases chemicals into a stream is it covered under a CGL?

Answer 21

No pollution is not covered

Question 22

Mr. Allen by the claims made CDL in 2004. He purchases the supplemental extended reporting period on expiration. He purchases another CGL claims made policy in 2005 and a different company. And injury occurs 4/5/04. Claims for this injury is made 4/5/05. Which policy covers?

Answer 22

2004 policy as it had supplemented extended reporting period, and loss occurred in 2004 policy

Question 23

Insured Mr. Jones has a CDL. Due to Mr. Jones is negligence of fire occurs in front of Mr. West store without damaging Mr. West grocery store. Mr. West series for loss of business. Is it covered?

Answer 23

Yes, it is within definition of property damage

Question 24

The coverages available under P.S and D. Are:

Answer 24

Individual and partnerships, Corp. or associations

Question 25

A physician coverage with 250/750 limits of PS and DPSD. Has a client with a relatively rare illness. The only treatment other than rest is not approved for use in the USA. On three separate occasions the physician treat the patient with unapproved medicine. The patient’s estate C is the position claiming malpractice. The policy will likely

Answer 25

Pay nothing. Treatment with unapproved medicine would be a criminal act exclamation under this coverage

Question 26

Mr. Hill buys a CDL claims made policy on 1/1/04 with a retroactive date of the deception 1/104. He buys another CGL claims made policy on 1/1/05 with the retro active day of 1/1/05. An injury of 7/1/04 is claimed 9/1/5. Which policy covers?

Answer 26

Neither policy covers as 2004 policy expired before claims made in 2005 policy only covers what happened on or after 1/1/05

Question 27

Nonowned aircraft and watercraft, property and CCC, product recall our coverages not covered in underlying policies. They are found in which:

Answer 27

Commercial umbrella policies

Question 28

The local hospital has hospital professional liability coverage. Limits 250/750. An ambulance owned by the hospital backs over and severely injured patient sitting in his wheelchair, awaiting transportation to a physical therapy class. Patient Sue’s and judgment is in the amount of $200,000. There is $60,000 and defense costs. Hospital professional carrier will pay:

Answer 28

Nothing

Question 29

Products made are sold by the insured in a defined territory and activities of the insured outside of the defendant territory for a short period of time are covered under which:

Answer 29

Coverage beyond the defined territory under A CGL

Question 30

Under commercial umbrella policies the S IR is

Answer 30

Self insured retention