~5 Short Answer or Calculations Second Hour Exam Thursday, April 22 8:30-9:50 a.m. 150 Animal Sciences Lab Open Book, Open Note ~10 True/False ~10 Multiple Choice ~5 Short Answer or Calculations

Exam Covers Focus of exam: Some questions on: Commercial Property CGL Excess and Umbrella Policies Business Auto Insurance WC and Employers Liability Some questions on: Material prior to first exam Underwriting Insurance Contract Analysis

Assignment 5 Key 1. CNA $50,000 8. AIG $500,000 2. CNA $100,000 9. AIG BERP $450,000 3. St. Paul 1 $270,000 10. AIG BERP $50,000 4. St. Paul 1 $500,000 11. AIG SERP $400,000 5. St. Paul 1 $500,000 12. AIG SERP $500,000 6. St. Paul 1 $230,000 13. No coverage 7. St. Paul 2 $500,000

Class Assignment 9 Key 1. No coverage, since the loss occurred after the policy expired 2. Yes, since the security guard was responding reasonably given the circumstances. 3. No, since failure of a product or service to meet advertised standards is excluded. 4. The policies they wrote years ago had no pollution exclusion and were occurrence policies, so claims are being made now for pollution that occurred many years ago.

Class Assignment 10 Key 1. No coverage (The vehicle is not covered.) 2. $60,000 (Mobile equipment is covered while being towed.) 3. No coverage (This would be covered under CGL policy.) 4. $15,400 (Comprehensive) 5. $4,400 (could be covered under comprehensive as a “falling object” since the deductible is lower than the collision deductible) 6. $900 (Comprehensive) 7. No coverage (Not included in Symbol 7.)