CPCU 552 REAL FINAL LATEST
EXAM 2024-2025 WITH QUESTIONS
AND CORRECT ANSWERS
[ALREADY GRADED A +] [LATEST
VERSION] NEW!!
Under a Commercial General Liability (CGL) policy, an insured is found to be legally liable to pay medical expenses as well as loss of earnings to a claimant.This describes which one of the following types of damages? - ANSWER-B.Special damages
The business auto policy condition that states that the insured must cooperate with the insurer in its investigation and defense of the accident or loss is the - ANSWER-A. Duties in the Event of Accident, Claim, Suit, or Loss Condition.
A typically available cyber risk coverage that protects an insured when a thief causes the insured's financial institution to transfer funds is called - ANSWER- Fund transfer fraud
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The named insured under a Commercial General Liability (CGL) Coverage Form dies, and Sarah becomes a temporary custodian of the named insured's property.The coverage for Sarah under the deceased named insured's CGL form applies only to liability arising out of - ANSWER-C. The maintenance or use of the named insured's property.
A component parts schedule would be attached to an aircraft policy when underwriting which one of the following in particular? - ANSWER-B. A very old aircraft or one of relatively low value
One of the three basic forms of excess liability insurance policies is designed so that it incorporates the provisions of the underlying policy and then modifies those provisions with additional conditions or exclusions in the excess liability policy.That type of excess liability policy form is known as - ANSWER-D. A combination excess liability policy.The unauthorized intrusion into a company's computer network resulting in damage to intellectual property is best classified as which one of the following types of cyber liability exposures? - ANSWER-Intangible property
Which one of the following explains why the same "Workers Compensation and Employers Liability Insurance Policy" is able to be used in all states even though the provisions of the various state laws and the employee benefits have many differences? - ANSWER-The coverage provided by Part 1 obligates the insurer to pay all benefits required of the insured by the workers compensation law or occupational disease law of any state listed in Item 3.A of the Information Page.
A vehicle owner had a tire store install four new wheels and tires on the vehicle.On the way home from the store, one of the wheels came off, causing the vehicle to accidentally run off the road and strike a tree. The vehicle owner sued the tire store for failing to properly tighten the lug nuts on the vehicle. The loss exposure faced by the tire store in this case is known as - ANSWER-B. Completed operations liability.
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