CPCU
552,
/
CP&L
/
FINAL
/
EXAM
/
QUESTIONS WITH CORRECT ANSWERS
/ / / /
Railroad
/owners
/commonly
/require
/contractors
/to
/purchase /
a
/Railroad
/Protective
/Liability
/Coverage
/Form. /Which /one /of /the /following /statements /about /this /form /is /true? /- /verified /answer(s)-
✔✔One
/of
/the
/coverage
/limits
/applies /to /physical /damage /to /property /owned /by /or /leased /or /entrusted /to /the /railroad
Which
/one
/of
,/the
/following
/statements
/about /the /general /aggregate /limit /under /a /Commercial /General /Liability /(CGL) /Coverage /Form
/is /true? /- /verified /answer(s)-
✔✔It /is /reduced /by /an /claims /paid /for /medical /payments /under /Coverage /C.
Tom
/often
/runs
/errands
/for
/his
/boss
/at
/XYZ
/Company,
/using
/the
/boss'
/car.
/On
/one
/of
/these
/errands,
/Tom
/is
/involved
/in /
a
/serious
/auto
/accident.
/He
/spends /
a
,/couple
/of
/weeks
/in
/the
/hospital;
/misses
/four
/weeks
/of
/work;
/and
/must
/undergo
/physical
/therapy.
/Does
/XYZ's
/Workers
/Compensation
/and
/Employers
/Liability
/Insurance
/(WC&EL)
/Policy /cover /Tom's /injuries, /lost /income, /and /rehabilitation /expenses? /- /verified /answer(s)-
✔✔Yes,
/the
/workers
/compensation
/policy
/would
/pay
/all /of /Tom's /expenses, /because /his /injuries /arose /out /of /his /employment /at /XYZ /Company.
Aircraft
/have /
, a
/significant
/exposure
/to /catastrophe /losses. /Of /the /many /reasons /for /the /catastrophic /loss /potential /of /aircraft, /the
/most /significant /is /- /verified /answer(s)-✔✔The /physical /properties /of /aircraft.
A
/security
/guard
/is
/employed
/at /
a
/pier
/where
/shipping
/containers
/are
/loaded /and /unloaded /from /barges. /There /is /also /a /small /marina /for /pleasure /craft /at /the /pier.
/The
/security
/guard
/trips
/over
/equipment
/left /on /a /dock /alongside /a /pleasure /craft /and /is /injured. /The /pier /only /has /insurance /coverage
/that
/provides
/benefits
/under
/the
/Longshore
/and
/Harbor
/Workers
/Compensation
/Act /(LHWCA). /Is /the /guard's /injury /covered /under /LHWCA? /- /verified /answer(s)-
552,
/
CP&L
/
FINAL
/
EXAM
/
QUESTIONS WITH CORRECT ANSWERS
/ / / /
Railroad
/owners
/commonly
/require
/contractors
/to
/purchase /
a
/Railroad
/Protective
/Liability
/Coverage
/Form. /Which /one /of /the /following /statements /about /this /form /is /true? /- /verified /answer(s)-
✔✔One
/of
/the
/coverage
/limits
/applies /to /physical /damage /to /property /owned /by /or /leased /or /entrusted /to /the /railroad
Which
/one
/of
,/the
/following
/statements
/about /the /general /aggregate /limit /under /a /Commercial /General /Liability /(CGL) /Coverage /Form
/is /true? /- /verified /answer(s)-
✔✔It /is /reduced /by /an /claims /paid /for /medical /payments /under /Coverage /C.
Tom
/often
/runs
/errands
/for
/his
/boss
/at
/XYZ
/Company,
/using
/the
/boss'
/car.
/On
/one
/of
/these
/errands,
/Tom
/is
/involved
/in /
a
/serious
/auto
/accident.
/He
/spends /
a
,/couple
/of
/weeks
/in
/the
/hospital;
/misses
/four
/weeks
/of
/work;
/and
/must
/undergo
/physical
/therapy.
/Does
/XYZ's
/Workers
/Compensation
/and
/Employers
/Liability
/Insurance
/(WC&EL)
/Policy /cover /Tom's /injuries, /lost /income, /and /rehabilitation /expenses? /- /verified /answer(s)-
✔✔Yes,
/the
/workers
/compensation
/policy
/would
/pay
/all /of /Tom's /expenses, /because /his /injuries /arose /out /of /his /employment /at /XYZ /Company.
Aircraft
/have /
, a
/significant
/exposure
/to /catastrophe /losses. /Of /the /many /reasons /for /the /catastrophic /loss /potential /of /aircraft, /the
/most /significant /is /- /verified /answer(s)-✔✔The /physical /properties /of /aircraft.
A
/security
/guard
/is
/employed
/at /
a
/pier
/where
/shipping
/containers
/are
/loaded /and /unloaded /from /barges. /There /is /also /a /small /marina /for /pleasure /craft /at /the /pier.
/The
/security
/guard
/trips
/over
/equipment
/left /on /a /dock /alongside /a /pleasure /craft /and /is /injured. /The /pier /only /has /insurance /coverage
/that
/provides
/benefits
/under
/the
/Longshore
/and
/Harbor
/Workers
/Compensation
/Act /(LHWCA). /Is /the /guard's /injury /covered /under /LHWCA? /- /verified /answer(s)-
