CPCU 552, CP&L FINAL EXAM NEWEST 2025 ACTUAL EXAM
COMPLETE 140 QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW
VERSION!!
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
心的坚强决定了我们的命运。当
我们面对挫折时，是一颗不屈的
Which one of the following statements about the general aggregate limit under a
心让我们勇敢前行
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 心的坚强决定了我们的命运。当
is also a small marina for pleasure craft at the pier.
我们面对挫折时，是一颗不屈的
The security guard trips over equipment left on a dock alongside a pleasure craft
心让我们勇敢前行
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? - (Correct Answer)The injury is covered by
LHWCA because the guard is not covered under a state's workers compensation
law.
ABC Plumbing entered into a contract with Bill to install a commercial grade
septic system on his property. The installation of the septic septic was time
sensitive because the rest of Bill's construction project could not go forward until
,the septic system was in place. The contract required that the work be done within
30 days of contract signing, or ABC would have to pay a penalty of $1,000 per day.
Which one of the following categories of damages does the $1,000 per day penalty
specified in the contract fall into? - (Correct Answer)Liquidated damages
Many states have funds from which employers may purchase workers
compensation insurance. Such funds may be either - (Correct Answer)Competitive
or monopolistic
心的坚强决定了我们的命运。当
我们面对挫折时，是一颗不屈的
Section II—Who Is an Insured identifies the persons and organizations that qualify
心让我们勇敢前行
as insureds under the Commercial General Liability (CGL) Coverage Form. Which
one of the following statements regarding who is considered an insured is most
accurate? - (Correct Answer)When a CGL policy covers one or more individuals as
named insureds, any person or organization having proper temporary custody of
the named insured's property following the named insured's death is an insured.
What is the name given to a claim by an employee who says that he or she was
fired because of the filing of a workers compensation claim? - (Correct
Answer)Retaliation claim
, 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 - (Correct Answer)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
心的坚强决定了我们的命运。当
because of an auto accident. It pays regardless of which party was at fault in the
我们面对挫折时，是一颗不屈的
accident. Therefore, Javier's insurer
心让我们勇敢前行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? - (Correct Answer)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
COMPLETE 140 QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW
VERSION!!
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
心的坚强决定了我们的命运。当
我们面对挫折时，是一颗不屈的
Which one of the following statements about the general aggregate limit under a
心让我们勇敢前行
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 心的坚强决定了我们的命运。当
is also a small marina for pleasure craft at the pier.
我们面对挫折时，是一颗不屈的
The security guard trips over equipment left on a dock alongside a pleasure craft
心让我们勇敢前行
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? - (Correct Answer)The injury is covered by
LHWCA because the guard is not covered under a state's workers compensation
law.
ABC Plumbing entered into a contract with Bill to install a commercial grade
septic system on his property. The installation of the septic septic was time
sensitive because the rest of Bill's construction project could not go forward until
,the septic system was in place. The contract required that the work be done within
30 days of contract signing, or ABC would have to pay a penalty of $1,000 per day.
Which one of the following categories of damages does the $1,000 per day penalty
specified in the contract fall into? - (Correct Answer)Liquidated damages
Many states have funds from which employers may purchase workers
compensation insurance. Such funds may be either - (Correct Answer)Competitive
or monopolistic
心的坚强决定了我们的命运。当
我们面对挫折时，是一颗不屈的
Section II—Who Is an Insured identifies the persons and organizations that qualify
心让我们勇敢前行
as insureds under the Commercial General Liability (CGL) Coverage Form. Which
one of the following statements regarding who is considered an insured is most
accurate? - (Correct Answer)When a CGL policy covers one or more individuals as
named insureds, any person or organization having proper temporary custody of
the named insured's property following the named insured's death is an insured.
What is the name given to a claim by an employee who says that he or she was
fired because of the filing of a workers compensation claim? - (Correct
Answer)Retaliation claim
, 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 - (Correct Answer)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
心的坚强决定了我们的命运。当
because of an auto accident. It pays regardless of which party was at fault in the
我们面对挫折时，是一颗不屈的
accident. Therefore, Javier's insurer
心让我们勇敢前行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? - (Correct Answer)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
