CPCU BUNDLED exam 2023 with 100% verified accurate answers

Probability - correct answerThe likelihood that an outcome or event will occur Risk - correct answerUncertainty about outcomes, with the possibility that some outcomes can be negative Pure Risk - correct answerA chance of loss or no loss, but no chance of gain Speculative Risk - correct ans...

Ethical behavior is based on - correct answerreasoned consideration of all issues surrounding a conflict Morality is - correct answeruniversal and basic to human relationships Maintaining high ethical standards is best associated with - correct answerknowledge of law and regulations The Sar...

Loss exposure - correct answerAny condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Cause of loss (peril) - correct answerThe actual means by which property is damaged or destroyed. Property loss exposure - correct answerA condition that presents...

Railroad owners commonly require contractors to purchase a Railroad Protective Liability Coverage Form. Which one of the following statements about this form is true? - correct answerOne of the coverage limits applies to physical damage to property owned by or leased or entrusted to the railroad ...

Commercial Package Policy (CPP) 1-1 - correct answerPolicy that covers two or more lines of business by combining ISO's commercial lines coverage parts Businessowners Policy (BOP) 1-2 - correct answerA package policy that combines most of the property and liability coverages needed by small and ...

The generally accepted accounting principles (GAAP) matching principle - correct answerHelps businesses to accurately measure the profitability of their activities. By requiring businesses to match expenses to revenues, the matching principle helps businesses to accurately measure the profitabili...

Capital budgeting - correct answerThe planning and managing of a corporation's long-term investments Capital structure - correct answerA corporation's mix of long-term debt and equity Fair value - correct answerThe market value, either actual or estimated, of an asset or a liability Sarba...

True - correct answer-If the jurisdiction of the federal courts is based on diversity of citizenship, the subject matter of the dispute may be which state's law applies Judical Branch - correct answer-is charged with deciding if another branch of government has the power to enact a new law Co...

James wants to pursue a legal claim against his neighbor, but he does not know what kind of dispute resolution procedure is the best choice for his situation. The dispute is over a relatively small amount of money, so James does not want to spend a lot in pursuit of his claim. James wants to be able...

Which one of the following functional areas of Keithly can assist Alex with this audit's irregularity? - correct answerSpecial Investigation Unit Which one of the following best describes a FAIR plan and its insureds? - correct answerState-run plans with cost spread among private insurers in the...

The expenses associated with adjusting claims are referred to as Select one: A. Prospective loss costs. B. Loss adjustment expenses. C. Claims costs. D. Operating expenses. - correct answerB. Loss adjustment expenses. Insurer Y is small but has a specialty insurance market for high-value v...

CPCU exam 2023 with 100% verified accurate answers

CPCU exam 2023 with 100% verified accurate answers

CPCU exam 2023 with 100% verified accurate answers