CPCU 552, CP&L FINAL EXAM 2024 WITH 150 REAL EXAM QUESTIONS AND CORRECT ANSWERS (100% CORRECT ANSWERS) BRAND NEW!!
CPCU 552, CP&L FINAL EXAM 2024 WITH 150 REAL EXAM QUESTIONS AND CORRECT ANSWERS (100% CORRECT ANSWERS) BRAND NEW!!
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.
The Grey Corporation has a Commercial General Liability Coverage Form with
the following limits:
Each Occurrence $1,000,000
Damage to rented premises $100,000 each occurrence
Medical expense $5,000 any one person
Personal and advertising injury $1,000,000 any one person or organization
General aggregate limit $2,000,000
Product/completed operations aggregate limit $2,000,000
Assuming the policy is written on an occurrence basis, how much of the general
aggregate limit, if any, remains if the following claims have been paid under the
policy?
a premises/operations liability claim of $600,000
a products liability claim of $1,200,000
$3,000 of medical expenses to a customer injured on the premises.
a personal and advertising injury liability claim of $300,000 - ANSWER-The
general aggregate is reduced by any amounts paid under Coverages A, B, and C,
except for those that arise out of products/completed operations. Therefore, the
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