FREE MPI Commercial Insurance Questions and Answers
Which of the following would be considered mobile equipment under the Commercial General Liability coverage form? Select all that apply.
Both of these items are specifically listed in the policy's definition of mobile equipment. An auto is a land motor vehicle, trailer, or semitrailer designed for travel on public roads, including any attached machinery or equipment.
Which of the following would be excluded under Coverage C of the CGL? Select all that apply.
Coverage C excludes injuries to the insured's employees and injuries that occur while participating in athletics.
Which of the following are excluded under Coverage A of the CGL?
All of the options listed are excluded under Coverage A of the CGL. Coverage A provides protection for bodily injury and property damage liability claims that the insured becomes legally obligated to pay. However, intentional damage caused by the insured, pollution losses caused by the insured, and liquor liability for those in the business of serving liquor are not covered under this policy. Therefore, the correct answer is "All of the above."
A woman is injured when she breaks a tooth on a rock that mysteriously found its way into a box of cereal. This is an example of which of the following?
The products-completed operations hazard includes all BI and PD occurring away from the premises owned or rented by the insured, and arising out of the insured's product or work, other than products that are still in the insured's physical possession and work that has not yet been completed or abandoned.
All of the following reduce the CGL's General Aggregate Limit except which of the following?
There is a separate Products-Completed Operations Aggregate limit that is not subject to the General Aggregate limit.
Which of the following are true about the 60-day basic extended reporting period? Select all that apply.
When a claims-made policy is terminated, a 60-day basic ERP automatically becomes available. The insured does not have to apply for it, and no premium is charged. It provides automatic coverage for any valid claim made during the 60 days after the policy expires, as long as the incident occurred between the expiring policy's retroactive date and its expiration date.
Which of the following is a personal and advertising injury?
The other answer choices are examples of bodily injury.
Which of the following business liability exposures are either excluded altogether from the CGL or covered only in certain circumstances? Select all that apply.
Businesses face a number of liability exposures, including work-related injuries to employees; pollution; contractual agreements in which the insured assumes liability; and ownership, maintenance, or use of autos, watercraft, and aircraft. However, because of the unique nature of these liability exposures, they are either excluded outright from the CGL policy or may be covered only in certain circumstances or for limited amounts. More complete protection for these liability exposures is available under contracts specifically designed to cover them.
Which one of the following is not required in a CGL coverage part?
Causes of Loss forms are not used with the CGL coverage part.
What is the purpose of a retroactive date in the claims-made form?
The retroactive date provides some protection against losses that occurred before the claims-made form was written.
Which of the following are usually excluded under Coverage A of the Commercial General Liability policy? Select all that apply.
Coverage A excludes property damage to property owned by the insured and property damage to property in the care, custody, or control of the insured. Because Coverage A provides third-party liability coverage, injury to an insured is not covered.