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CGL Insurance
Commercial General Liability Insurance
| Question | Answer |
|---|---|
| Which of the following is NOT an element of negligence? | Intentional Act |
| All of the following are true of the Medical Payments coverage of the Commercial General Liability policy EXCEPT | coverage is triggered only if it is determined that the insured is legally obligated to pay |
| If you are the insured, which of the following is covered by your CGL? | None of the aforementioned |
| You are a business owner with a CGL policy. You are sued by a customer for bodily injury, property damage and lost wages. If a court determines that your customer's suit is groundless, your CGL would pay for which of the following? | Defense Cost |
| The Claims-Made policy may cover losses prior to the policy effective date. However, there may be a time before which the Claims-Made Policy will not cover a loss. What is that period of time called where losses will not be paid? | Any loss prior to the retroactive date |
| Which of the following occurrences could create a gap in coverage for an insured with a Claims-Made Policy? | Changing companies; Changing from a Claims-Made to an Occurrence form; Stopping all coverage under any Claims-Made policy |
| The Personal Injury and Advertising Injury coverages of the CGL could provide coverage for which of the following businesses? | California Raisin Growers Association |
| The Supplementary Payments section of the CGL applies to which of the following coverages? | Coverage A - Bodily Injury and Property Damage; Coverage B - Personal and Advertising Injury |
| Which of the following exposures is NOT covered by a standard CGL? | Professional Liability |
| Assume that you rent a warehouse in which you negligently start a fire. Your CGL could pay for all of the following EXCEPT: | damage to your business property |
| In a Claims-Made CGL form, the insured can select one of the following retroactive dates EXCEPT: | any date later than the policy effective date |
| What must an agent be careful of when selling a new CGL policy? | Creating a gap in coverage |
| Which of the following extended reporting periods is unlimited and must be added to the CGL within 60 days? | S.E.R.P. |
| Which of the following statements best describes what an aggregate limit it? | The amount an insurer pays in any one policy period |
| A liability loss arising out of which of the following is covered under the Commercial General Liability (CGL) coverage part? | Premises and operations; Products and completed operations; Fire-legal liability |
| The Personal Injury Liability coverage in the CGL Policy would include? | Libel, slander, defamation, or violation of the right of privacy |
| Which of the following is/are exclusions under the personal and advertising injury liability coverage? | Publication of material the insured knows is false, breach of contract, publishing incorrect price descriptions |
| Under the CGL Policy liability coverage section, fire legal liability is subject to | A per fire limit |
Created by:
BGeisert
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