Property & Casualty Exam Prep 47, CGL Limits and Aggregates

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The General Aggregate is the master limit for most CGL claims within a policy period. - Products-Completed Operations has its own separate aggregate limit for off-premises claims arising from your work or products. - The Each Occurrence limit is the maximum paid for a single event, but it is still subject to the overall aggregate caps. - Sub-limits like Medical Payments and Damage to Premises Rented to You have their own specific caps and reduce the General Aggregate. - Exam questions often test your ability to track how claim payments reduce the aggregate limits over the policy term. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep