Cic Section 1- Gl

Front 1

Explain the concept of “first named insured”,enumerating the first named insured’s
rights and responsibilities. (page8)

Back 1

This language clarifies that specific rights andresponsibilities are reserved for the first
named insured.
*1. Authorized to cancel policy
2. Receive notice of cancellation
*3. Authorized to make changes in the terms ofpolicy with insurer's consent
4. Responsible for payment of all premiums
5. Payee for return premiums

Front 2

What are the 3 coverage parts of a GL policy?

Back 2

Coverage A- Bodily Injury and Property Damage

Coverage B- Personal & Advertising Injury

Coverage C- Medical Payments

Front 3

Three types of Insureds

Back 3

Named insured (listed on dec page or schedule)

Automatic insured (those listen in section 2)

Non-automatic insured (those added by endt)

Front 4

Define bodily injury and property damage

Back 4

BI- physical harm to the body should be a requirement, can include mental anguish without physical harm

PD- direct damage and time element (consequential loss), electronic data is NO tangible property

Front 5

Define occurrence and coverage territory

Back 5

Occurrence- means an accident, continuous or repeated exposure to the same general harmful conditions- fortuitous events,

Coverage territory- occurrence must occur in CT and during policy, outlines where it can take place

Front 6

Define and be able to apply the term “insured contract”

Back 6

L- lease of premises

E- easement or license agreement

A- as required by ordinance

S- sidetrack agreement

E- elevator maintenance agreement

+

Front 7

Define the term mobile equipment

Back 7

Land vehicles including any attached machinery or equipment: designed for off road, used solely on/next to premises you own, provide mobility to permanently attached equipment, air compressors, cherry pickers used to raise and lower

Front 8

What are vehicles that are considered auto, but sometimes confused as mobile equipment?

Back 8

Equipment designed for snow removal, road maintenance, street cleaning, cheer pickers mounted on truck

Front 9

Define the term "personal and advertising injury"

Back 9

means injury, including consequential BI arising out of: false arrest, malicious prosecution, wrongful eviction, oral libel and slander, use of someone's advertising idea, copyright infringement

Front 10

Define the term advertisement

Back 10

a notice that is broadcast or published to the general public or specific market segments abut yours goods and products for the purpose of attracting customers

Front 11

List supplementary payments provided in the GL policy

Back 11

all claim expenses, up to $250 in bail bonds, cost of bonds to release attachments, assisting in investigation, $250 a day for time off work, court cost taxes, all interest on the full amount of any judgement that accrues after entry of judgement

Front 12

Describe in detail- automatic insureds

Back 12

Individual- you and your spouse

Partnership- members, partners, their spouses

LLC- members, managers

Corp- executive officers, directors, stockholders

Trust- trustees

Front 13

Identify and explain the limitations applicable to the automatic insureds

Back 13

employees, volunteers, leased workers