2024 CPCU 552, CP&L FINAL EXAM 2024- 2025 WITH 200 QUESTIONS AND CORRECT ANSWERS (100% CORRECT)
2024 CPCU 552, CP&L FINAL EXAM 2024- 2025 WITH 200 QUESTIONS AND CORRECT ANSWERS (100% CORRECT)
Railroad owners commonly require contractors to purchase a Railroad Protective
Liability Coverage Form. Which one of the following statements about this form is
true? - 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? - 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? -
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 - ANSWER-The
physical properties of aircraft
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