CPCU 552, CP & L FINAL EXAM TEST | 2025
ACTUAL EXAM WITH CORRECT VERIFIED
ANSWERS
| GUARANTEED A+ EXAM
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.
Jim is sued for false arrest. He is sued for $500,000.
Jim is insured under an insurance policy with a
liability limit of $300,000, but his policy excludes
coverage for false arrest. Jim is also insured under an
umbrella insurance policy with a policy limit of
$2,000,000 and self-insured retention (SIR) of $2,000.
Which of the following is true in regards to this
scenario? A. Jim must pay self-insured retention B.
Jim's umbrella insurance policy will not pay for this
,loss C. Jim's umbrella insurance policy will pay
$500,000 for this loss D. Jim must pay a premium for
drop gap coverage to apply - ✔✔✔ Correct Answer >
A) Jim must pay self-insured retention
,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.
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 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
ACTUAL EXAM WITH CORRECT VERIFIED
ANSWERS
| GUARANTEED A+ EXAM
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.
Jim is sued for false arrest. He is sued for $500,000.
Jim is insured under an insurance policy with a
liability limit of $300,000, but his policy excludes
coverage for false arrest. Jim is also insured under an
umbrella insurance policy with a policy limit of
$2,000,000 and self-insured retention (SIR) of $2,000.
Which of the following is true in regards to this
scenario? A. Jim must pay self-insured retention B.
Jim's umbrella insurance policy will not pay for this
,loss C. Jim's umbrella insurance policy will pay
$500,000 for this loss D. Jim must pay a premium for
drop gap coverage to apply - ✔✔✔ Correct Answer >
A) Jim must pay self-insured retention
,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.
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 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
