Property and Casualty Insurance License Exam Cram™

Chapter 15. Commercial General Liability Insurance

Terms you'll need to understand:

• Business liability exposure

• Premises and operations exposure

• Products-completed operations

• Indirect or contingent liability

• Retroactive date

• Bodily injury

• Property damage

• Occurrence

• Coverage territory

• Personal and advertising injury

Concepts you'll need to master:

• Occurrence coverage

• Claims-made coverage

• Coverage trigger

• Extended reporting periods

• Basic extended reporting period

• Supplemental extended reporting period

• Supplementary payments

• General aggregate limit

• Products-completed operations aggregate limit

• Personal and advertising injury limit

• Per occurrence limit

• Damages to premises rented to insured limit

• Medical expense limit

• Other insurance—contribution by equal shares

• Other insurance—contribution ...