CPP FULL QUESTIONS AND CORRECT
ANSWERS ALREADY PASSED STUDY SHEET
●● What types of property policies are available with the CPP?
Answer: Building and Personal Property (BPP) Policy and Business
Interruption Policy.
●● What casualty policies can be included in the CPP?
Answer: Commercial General Liability Policy (CGL), Commercial
Crime Insurance, and Commercial Auto Policy.
●● What does the CPP cover?
Answer: Almost all of the insurance needs of the typical larger business.
●● What is the cancellation policy for the Insured under the CPP?
Answer: The Insured may cancel at any time in writing without advance
notice.
●● What notice must the Insurer give for cancellation due to
nonpayment of premium?
Answer: 10 days' notice must be given.
●● What notice must the Insurer give for other cancellations?
ANSWERS ALREADY PASSED STUDY SHEET
●● What types of property policies are available with the CPP?
Answer: Building and Personal Property (BPP) Policy and Business
Interruption Policy.
●● What casualty policies can be included in the CPP?
Answer: Commercial General Liability Policy (CGL), Commercial
Crime Insurance, and Commercial Auto Policy.
●● What does the CPP cover?
Answer: Almost all of the insurance needs of the typical larger business.
●● What is the cancellation policy for the Insured under the CPP?
Answer: The Insured may cancel at any time in writing without advance
notice.
●● What notice must the Insurer give for cancellation due to
nonpayment of premium?
Answer: 10 days' notice must be given.
●● What notice must the Insurer give for other cancellations?
