GL
What document generally must be completed to show admitted carriers declined a risk before placing it in E&S?
A diligent search (affidavit)
What does TIV stand for?
Total Insured Value
True or False:
A standard CGL policy generally provides Liquor Liability coverage for businesses whose primary operation is selling alcohol
False
What is the AM Best Rating for CSU?
A+
What does a "per occurrence limit" represent?
The maximum amount payable for any single covered occurrence.
What is the difference between Replacement Cost and Actual Cash Value (ACV)?
Replacement Cost does not deduct for depreciation; ACV does
Can we write a restaurant or bar with armed security?
it depends, this should be referred to manager or liquor specialist
Does CSU premium and losses go towards profit sharing or just the premium?
Premium and losses
What is the practical effect of a per-project aggregate endorsement for contractors?
Each project receives its own aggregate limit rather than sharing one policy aggregate
What does COPE stand for in property underwriting?
Construction, Occupancy, Protection, and Exposure
What is the difference between host liquor liability and liquor liability?
Host liquor liability applies to incidental alcohol service, while liquor liability applies to businesses engaged in selling, serving, manufacturing, or distributing alcohol
Who are the 4 Zone Directors in CSU?
Meg Cosgrove, Brian Bunn, Jeff Harting, Mike Leininger
In E&S underwriting, what does "loss ratio" generally measure?
Claims paid and reserves divided by premium earned
What is a Probable Maximum Loss (PML)?
The largest expected loss from a single event under realistic conditions
Yes, Level 2 inspection should be ordered
Can you name all 13 CSU underwriting managers (first name)
Stephanie, Andrew, Jeff, Joe, Matt, Emily, Kathy, Lauren, Mark, Nick, Greg, Melissa, Bob
What is the difference between an occurrence form and claims-made form?
Occurrence covers incidents occurring during the policy period regardless of when reported. Claims-made requires the claim to be made during the policy period
What is an Ordinance or Law endorsement designed to cover?
Increased rebuilding costs due to code upgrades after a covered loss
Refer to Manager
Enhanced Automated Submission Experience