CISR PERSONAL LINES MISCELLANEOUS EXAM 2026-2027 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES |AGRADE

CISR PERSONAL LINES MISCELLANEOUS EXAM 2026-2027

ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED

ANSWERS WITH RATIONALES |AGRADE

What is the Permitted Incidental Occupancies - Residence Premises HO

04 42 used for? - ANSWER- An other structure with an eligible

incidental "business" exposure typically offices, schools, or studios.

Rationale; The Limit of Liability & Description of Other Structure must

be shown in the Schedule.

Under a standard ISO Homeowners policy, what are the two Coverage C

- Personal Property Special Limits of Liability that apply to property

used primarily for business? - ANSWER- 1 - $2,500.00 for personal

property used primarily for "business" while on the "residence

premises."

Rationale; 2 - $1,500.00 for personal property used primarily for

"business" while away from the "residence premises"

*The limitations do not apply to property used occasionally for

"business."

What is the Increased Limits on Business Property HO 04 12

endorsement used for? - ANSWER- To increase the Special Limit of

Liability for "business" (personal) property on the "residence premises"

to a maximum of $10,000.00.

What limit is the Special Limit of Liability automatically set to for

property away from the "residence premises" under the Increased Limits

on Business Property HO 04 12? - ANSWER- 60% of the limit of

property on the "residence premises."

What does the Increased Limits on Business Property HO 04 12 not

provide coverage on? - ANSWER- 1 - "Business" property that pertains

to a "business" actually conducted on the "residence premises."

2 - "Business" property in storage or held as a sample or for sale or

delivery after a sale.

What is the Permitted Incidental Occupancies - Residence Premises HO

04 42 endorsement used for? - ANSWER- Applies to personal property

used in the "business" described in the Schedule & removes the

$2,500.00 "business" limit for property on the "residence premises" for

furnishings, supplies, and equipment. Property other than furnishings,

supplies, and equipment is still limited to $2,500.00. Samples, inventory,

and items sold but not delivered are limited.

Under Coverage C - Personal Property, what are the three exclusions

that pertain to "business" property? - ANSWER- 1 - Property in an

apartment regularly rented or held for rental to others by an "insured."

2 - Business data including such data stored in items such as paper

records, computers, and related equipment.

3 - Credit cards, electronic fund transfer cards or access devices used

solely for deposit, withdrawal or transfer of funds.

What is the Landlord's Furnishings HO 05 46 endorsement used for? -

ANSWER- To increase the Personal Property Limit to a maximum of

$10,000.00 on property regularly rented or held for rental to others by an

insured.

What does the Coverage E - Personal Liability Insuring Agreement

state? - ANSWER- The insurance company will provide coverage for a

claim against an "insured" for damages because of "bodily injury" or

"property damage" caused by an "occurrence" covered by the policy.

What does the Coverage F - Medical Payments to Others Insuring

Agreement state? - ANSWER- The insurance company will pay

necessary medical expenses incurred within three years from the date of

the accident causing "bodily injury."

What are the exceptions to the "business" exclusion that give back both

personal liability and medical payments to others coverage for some

"business" activities? - ANSWER- 1 - The rental or holding for rental of

an "insured location" if on an occasional basis if used only as a

residence.