Which of the following is true concerning policy limits on a CGL?

A.Products and completed operations has the same per occurrence limit as premises and operations, but a separate aggregate limit

B.The limit for fire damage liability is per person on the declarations

C.The medical policy limit on the declarations is per occurrence

D.Personal and advertising injury liability has no policy limit on the declarations

Answer: A.Products and completed operations has the same per occurrence limit as premises and operations, but a separate aggregate limit

Casualty

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B

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The voluntary relinquishment of a legal right is called
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The authority granted to a licensed producer is provided via the
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The pro rata liability clause is designed to protect the principle of
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