CPCU 550 Exam Questions And Answers

1. A written law passed by a legislative body at the state or federal level is a . 1.7 a. Codicil b. Statute c. Tort d. Contract 2. If you want to insure owned and hired /non-owned autos for liability and only scheduled autos for physical damage, you would select these coverage symbols: 4.9-4.10 a. Symbol 1 for liability, Symbols 8 and 9 for physical damage b. Symbol 1 for liability, Symbol 7 for physical damage c. Symbols 2, 8, 9 for liability and physical damage 3. This is one of the four elements of negligence: 1.4 a. A tangential causal connection between the negligent act and the resulting harm. b. Violation of a hold-harmless agreement. c. A close causal connection between the negligent act and the resulting harm. d. A breach of strict liability.