8. How do the reserves for a claims-made liability policy differ from reserves for an occurrence liability policy; and how are premiums for each policy affected? 9. George discovers that his producer is using a surplus lines broker and a non-admitted insurer. This means what in term of the type of risk, the scope of coverage, the premium and the state regulation? 10. Which types of claims are not covered by a commercial general liability? 11. Who is an Insured is an important determination in reading an insurance policy. In most cases the policy is very clear who is, and who is not, an insured party to the insurance contract. How would you determine who is an insured under the policy? 12. What type of policy must a risk manager have to obtain insurance for her or his company's officers for suits/damages based on discrimination or sexual harassment? 13. Does a stock insurance company usually pay policyholder dividends? 14.Is a CGL policy's duty to pay settlements is broader than its duty to defend? 15. Will a commercial general liability insurance policy pay for certain costs even if the insured is 16. Coverage B Personal and advertising injury coverage -in the commercial general liability 17. To respond to asset hazards a risk manager can use the acronym COPE. Explain what each not legally liable for any damages? insurance policy applies what type of law suits? of these four letter stand for what type of insurance COPE is applied results in reduction of what type of hazards? no endorsements? what do they cover? 18. The requirement that losses should be accidental and unintentional in order to be insurable 19. List the types of exposures typically covered under a Commercial General Liability Policy with 20. What two basic Insuring Agreements are in the CGL Commercial General Liability policy, and 21. Explain the purposes behind the exclusions in commercial liability and property polices 22. Give six examples of policy exclusions in the CGL policy. 23. List the insurance marketing systems beginning with the ones which sell one insurer's products, like State Farm, and ending with the ones which sell the products of several insurance companies like Travelers and AlS.lJast list the specialize market for high risks. 24. Distinguish between a proprietary insurance company and a cooperative company, and give 25. Explain how you would analyze/evaluate an insurance policy to determine whether it covers a 26. List and describe the three basic functions performed by an insurance company 27. List six steps an underwriter would follow to accept and insure a commercial property and 28. ABC is reviewing the commercial property insurance on its main factor building, and has several examples of these types of insurers specific claim. liability insurance exposure as described by Linda Kruger, CPCU decided to purchase a commercial property insurance policy on the building with replacement 8. How do the reserves for a claims-made liability policy differ from reserves for an occurrence liability policy; and how are premiums for each policy affected? 9. George discovers that his producer is using a surplus lines broker and a non-admitted insurer. This means what in term of the type of risk, the scope of coverage, the premium and the state regulation? 10. Which types of claims are not covered by a commercial general liability? 11. Who is an Insured is an important determination in reading an insurance policy. In most cases the policy is very clear who is, and who is not, an insured party to the insurance contract. How would you determine who is an insured under the policy? 12. What type of policy must a risk manager have to obtain insurance for her or his company's officers for suits/damages based on discrimination or sexual harassment? 13. Does a stock insurance company usually pay policyholder dividends? 14.Is a CGL policy's duty to pay settlements is broader than its duty to defend? 15. Will a commercial general liability insurance policy pay for certain costs even if the insured is 16. Coverage B Personal and advertising injury coverage -in the commercial general liability 17. To respond to asset hazards a risk manager can use the acronym COPE. Explain what each not legally liable for any damages? insurance policy applies what type of law suits? of these four letter stand for what type of insurance COPE is applied results in reduction of what type of hazards? no endorsements? what do they cover? 18. The requirement that losses should be accidental and unintentional in order to be insurable 19. List the types of exposures typically covered under a Commercial General Liability Policy with 20. What two basic Insuring Agreements are in the CGL Commercial General Liability policy, and 21. Explain the purposes behind the exclusions in commercial liability and property polices 22. Give six examples of policy exclusions in the CGL policy. 23. List the insurance marketing systems beginning with the ones which sell one insurer's products, like State Farm, and ending with the ones which sell the products of several insurance companies like Travelers and AlS.lJast list the specialize market for high risks. 24. Distinguish between a proprietary insurance company and a cooperative company, and give 25. Explain how you would analyze/evaluate an insurance policy to determine whether it covers a 26. List and describe the three basic functions performed by an insurance company 27. List six steps an underwriter would follow to accept and insure a commercial property and 28. ABC is reviewing the commercial property insurance on its main factor building, and has several examples of these types of insurers specific claim. liability insurance exposure as described by Linda Kruger, CPCU decided to purchase a commercial property insurance policy on the building with replacement