CPCU 552, CP&L FINAL EXAM
2025 LATEST NEWEST UPDATE
WITH ACTUAL QUESTIONS AND
DETAILED VERIFIED ANSWERS
WITH RATIONALES (100%
CORRECT) //BRAND NEW!!
/ALREADY GRADED A+ WITH
GUARANTEED SUCCESS AFTER
DOWNLOAD (ALL YOU NEED TO
PASS YOUR EXAMS
Javier's business auto policy contains a personal injury protection (PIP) endorsement. He is
involved in an auto accident in the covered auto, resulting in $30,000 in property damage,
$5,000 in third-party bodily injury, and $10,000 in personal medical expenses. If Javier's
business auto policy has a general aggregate limit of $100,000 and a PIP limit of $15,000 and
he is at fault for the accident, how much will his insurer pay under the PIP coverage
, PIP provides first-party benefits for medical expenses, loss of income, loss of services, and
funeral expenses resulting from bodily injury to occupants of a covered auto because of an
auto accident. It pays regardless of which party was at fault in the accident. Therefore,
Javier's insurer will pay him $10,000 in medical expenses from the PIP coverage. The other
damages will be payable under different coverages available on his policy.
Which one of the following statements about coverage triggers in cyber risk insurance
policies is most accurate?
Both claims-made coverage triggers and occurrence coverage triggers are available, but
occurrence coverage triggers are more appropriate for some insuring agreements than for
others
According to the Terrorism Risk Insurance Act (TRIA), one of the two required conditions
that an insurer must meet at the time of an initial offer, purchase, and renewal of insurance is
the disclosure of the premium for terrorism coverage. What is the other condition
A make-available provision
Acme Insurance cannot agree with insured Jill Jenkins on the amount of a covered physical
damage loss under Jill's Business Auto Coverage Form. Jill requested an appraisal. Acme and
Jill each appoint an appraiser, and the appraisers appoint an umpire. An award in writing
signed by any two of the three binds both Acme and Jill. One appraiser and the umpire ruled
for Jill and against Acme. Which one of the following statements is true regarding this
scenario?
Jill and Acme will share the cost of the umpire.
Matthew Jones, the named insured under an unendorsed Business Auto Coverage Form
(BACF), requires his employees to use their own cars for business purposes. One of
Matthew's employees, Paul, causes an accident while driving his own truck for the business.
Matthew's BACF shows symbol 1 for liability coverage. Which one of the following
correctly indicates whether Paul is an insured under the policy for the accident?
Paul is not covered because employees are not insured while using their own autos in the
named insured's business.
ABC Corporation is insured under a standard unendorsed workers compensation policy for
only the state of Florida. Three months before the present policy began, ABC opened a sales
office in Georgia due to business volume growing in that state. ABC failed to report the new
location and new state at policy inception. The manager of the Georgia office fell and was
injured and missed work for three weeks after the inception of the ABC policy. The manager
, made claim for Georgia benefits. Which one of the following is true regarding ABC's
coverage for Georgia benefits?
Coverage for this claim would not be covered by ABC's insurance.
The claims-made trigger in a site specific environmental impairment liability policy differs in
three ways from the trigger in other claims-made liability policies. Which one of the
following best describes one of those three ways?
A site-specific environmental impairment liability policy typically does not have a retroactive
date.
Railroad owners commonly require contractors to purchase a Railroad Protective Liability
Coverage Form. Which one of the following statements about this form is true?
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?
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?
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
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?
2025 LATEST NEWEST UPDATE
WITH ACTUAL QUESTIONS AND
DETAILED VERIFIED ANSWERS
WITH RATIONALES (100%
CORRECT) //BRAND NEW!!
/ALREADY GRADED A+ WITH
GUARANTEED SUCCESS AFTER
DOWNLOAD (ALL YOU NEED TO
PASS YOUR EXAMS
Javier's business auto policy contains a personal injury protection (PIP) endorsement. He is
involved in an auto accident in the covered auto, resulting in $30,000 in property damage,
$5,000 in third-party bodily injury, and $10,000 in personal medical expenses. If Javier's
business auto policy has a general aggregate limit of $100,000 and a PIP limit of $15,000 and
he is at fault for the accident, how much will his insurer pay under the PIP coverage
, PIP provides first-party benefits for medical expenses, loss of income, loss of services, and
funeral expenses resulting from bodily injury to occupants of a covered auto because of an
auto accident. It pays regardless of which party was at fault in the accident. Therefore,
Javier's insurer will pay him $10,000 in medical expenses from the PIP coverage. The other
damages will be payable under different coverages available on his policy.
Which one of the following statements about coverage triggers in cyber risk insurance
policies is most accurate?
Both claims-made coverage triggers and occurrence coverage triggers are available, but
occurrence coverage triggers are more appropriate for some insuring agreements than for
others
According to the Terrorism Risk Insurance Act (TRIA), one of the two required conditions
that an insurer must meet at the time of an initial offer, purchase, and renewal of insurance is
the disclosure of the premium for terrorism coverage. What is the other condition
A make-available provision
Acme Insurance cannot agree with insured Jill Jenkins on the amount of a covered physical
damage loss under Jill's Business Auto Coverage Form. Jill requested an appraisal. Acme and
Jill each appoint an appraiser, and the appraisers appoint an umpire. An award in writing
signed by any two of the three binds both Acme and Jill. One appraiser and the umpire ruled
for Jill and against Acme. Which one of the following statements is true regarding this
scenario?
Jill and Acme will share the cost of the umpire.
Matthew Jones, the named insured under an unendorsed Business Auto Coverage Form
(BACF), requires his employees to use their own cars for business purposes. One of
Matthew's employees, Paul, causes an accident while driving his own truck for the business.
Matthew's BACF shows symbol 1 for liability coverage. Which one of the following
correctly indicates whether Paul is an insured under the policy for the accident?
Paul is not covered because employees are not insured while using their own autos in the
named insured's business.
ABC Corporation is insured under a standard unendorsed workers compensation policy for
only the state of Florida. Three months before the present policy began, ABC opened a sales
office in Georgia due to business volume growing in that state. ABC failed to report the new
location and new state at policy inception. The manager of the Georgia office fell and was
injured and missed work for three weeks after the inception of the ABC policy. The manager
, made claim for Georgia benefits. Which one of the following is true regarding ABC's
coverage for Georgia benefits?
Coverage for this claim would not be covered by ABC's insurance.
The claims-made trigger in a site specific environmental impairment liability policy differs in
three ways from the trigger in other claims-made liability policies. Which one of the
following best describes one of those three ways?
A site-specific environmental impairment liability policy typically does not have a retroactive
date.
Railroad owners commonly require contractors to purchase a Railroad Protective Liability
Coverage Form. Which one of the following statements about this form is true?
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?
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?
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
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?
