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Comm. Gen Liability
Arizona Independent Insurance Adjusters Exam
| Question | Answer |
|---|---|
| ___ ____ ____ insurance is a form of liability insurance used by businesses to protect themselves against damages and lawsuits arising from its premises, its general operations, and the products they manufacture and sell. | Commercial general liability |
| A ____ is defined as an event that enacts the provisions of a CGL policy. It is also called a “ coverage trigger”. | trigger |
| An ___ ____ CGL policy is triggered by bodily injury or physical damage that occurs during the policy period. | Occurrence Form |
| The ____ _____CGL is triggered when a claim is filed against the insured business during the current policy period, regardless of the date when the bodily injury or property damage occurred. | claims-made form |
| CGL policies will respond to “_____” taking place in the United States, Canada, and Puerto Rico. | occurrences |
| This limit establishes the maximum amount the policy will pay to satisfy claims regarding Products and Completed Operations only. | The Products-Completed Operations Aggregate Limit |
| Establishes the maximum amount the policy will pay out over the policy period for Coverage A, B, and C except for Products and Completed Operations. | General Aggregate Limit |
| Establishes the maximum amount the insurer will pay to satisfy claims for bodily injury, property damage and medical payments per occurrence. | Per Occurrence Limit |
Created by:
ajramirez1969
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