CPCU 552, CP&L Final Exam | Latest Questions And Verified Answers Latest Update 2025

CPCU 552, CP&L Final Exam | Latest Questions And Verified Answers Latest Update 2025 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 Answer 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? - Correct Answer 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? - Correct Answer 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 - Correct Answer 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