Total CSR: General Liability

What is the version date for an endorsement with form number CG 24 04 04 13?

April 2013

Fill in the Blank: A policy is a great resource to use when checking a policy for accuracy.

checklist

TRUE or FALSE: An Automatic insured is a person, firm, or organization, or any of its members specifically designated by name as an insured(s) in an insurance policy.

false

True or False: An exclusion endorsement adds coverage to a policy.

false

True or False: The documents needed for a general liability final audit are the same regardless if the policy is gross sales-based or payroll-based.

false

Select all that Apply: What is necessary to know in order to collect the correct estimated annual exposure figures from an insured?

insured's business operations, class code, premium basis

Fill in the Blank: A is sent once an insured has agreed to an insurance company's quote and is requesting that the coverage begins on the policy's effective date.

Bind order

What is the line of insurance for an endorsement with form number CG 24 04 04 13?

CGL

What is a Personal and Advertising Injury Limit?

Coverage B - 3rd party personal and advertising injury

What does Coverage B provide an insured with?

Coverage for an occurrence which results in 3rd party's BI and/or PD.

What does Supplementary Payments provide an insured with?

Coverage for costs incurred to investigate claims, defend against any lawsuits insured under A or B and a few other expenses the insured may incur

What does Coverage C provide an insured with?

Coverage for occurrence which results in 3rd party becoming injured due to insured's biz actitivites

Which endorsement changes the aggregate limits on a policy to be applied on a 'per project' basis?

Designated Construction Project(s) General Aggregate Limit ENDT

Which endorsement is used to add coverage to a policy for damages the insured may incur due to an error or omission committed in the administration of employee benefits?

EE Benefits Liability ENDT

What is a Each Occurrence Limit?

It is most that an Ins. Carrier will pay for damages under Coverage A, B, or C due to one occurrence.

What is a Damage to Premises Rented to you Limit?

Most that an Ins. Carrier will pay for PD under Coverage A to a premises rented to the insured.

What is a Medical Expense Limit?

Most that ins carrier will pay for med exp;s under Coverage C for third party BI

What is a Products/Completed Operations Aggregate Limit?

Most the ins. carrier will pay for damages under Coverage A for those claims, suits and hazards specified by the products-completed op's hazard.

What endorsement specifies that a specific party will be first to respond on a covered claim in which two or more parties share responsibility?

PNC endorsement

What is the correct order of duties for the following in The CSR Support Cycle?

Send submission, review quotes, create and present the proposal.

What is a General Aggregate Limit?

The most that the Ins. Carrier will pay for damages under Coverage A and Coverage B

Which endorsement is used to have one party waive its right to pursue another party in the case of a loss?

Waiver of transfer of rights of recovery against others to you ENDT

Fill in the Blank: Insurance carriers need an from an insured in order to release loss run reports to an agent of record.

agent of service authorization letter

Fill in the Blank: A is sent to the insured to collect additional information regarding business operations as it relates to the industry.

supplemental application