CIC COMMERCIAL MULTI-LINE EXAM | QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE | 100% PASS

CIC COMMERCIAL MULTI-LINE EXAM | QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE | 100% PASS
Question : Identify and describe the three primary
purposes of excess liability/umbrella policies (LO1)
CORRECT ANSWER: 1. Provide additional limits that
are excess over underlying limits of insurance
2. Provide primary coverage when underlying poliy does
not respond beacuse its aggregate limits of insruance are
exhausted.
3. Provide broader coverage than the exsiting underlying
insurance
Question : excess liability coverage forms and
commercial umbrella liability policy
CORRECT ANSWER: 1. follow forms
hella short

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