CA-Commercial Lines Review

Chapter 2: Elements of a Valid Contract There are four requirements common to all contracts, including (a) legal capacity (b) consideration, (c) offer and acceptance, and (d) legal purpose.  …

Chapter 3: How the Insurance Industry Operates On completion of this chapter, you should be able to: recognize in general how the insurance industry operates, identify three types of insurance…

Chapter 4: Insurance Regulation On completion of this chapter, you should be able to: recognize the reasons why insurance is regulated, identify key landmarks in the evolution of U.S. insurance…

Chapter 5: Anatomy of an Insurance Policy On completion of this chapter, you should be able to: distinguish between standard and nonstandard policies and recognize the advantages of standard policy…

Chapter 6: Commercial Property On completion of this chapter, you should be able to: distinguish between direct damage coverage and time element coverage; identify the types of property typically covered,…

Chapter 7: Property Valuation This discussion provides an overview of time element property loss exposures and the insurance coverages that are available to address these loss exposures. There are three…

Chapter 8: Commercial Liability Insurance On completion of this chapter, you should be able to recognize the types of loss exposures for which CGL insurance provides coverage; distinguish between Coverage…

Chapter 9: Coverage B & C Personal and Advertising Injury Coverage B of the CGL policy expands the form’s scope of coverage to include “personal and advertising injury” liability. The…

Chapter 10: Commercial Auto Insurance On completion of this chapter, you should be able to: identify the coverages available under an unendorsed BAP, recognize the appropriate use of symbols in…

Chapter 11: Liability Coverage On completion of this chapter, you should be able to: recognize how a BAP identifies covered autos and insured parties, and identify the key characteristics of…

Chapter 12: Workers Compensation On completion of this chapter, you should be able to recognize key historical factors that led to today’s workers compensation insurance practice; recognize key workers compensation…