7/13/25, 11:56
AM
CPCU520 EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS VERIFIED
GRADED A++ LATEST UPDATE 2025/2026
Terms in this set (100)
1. John is an insurance claim C. What is the insured's
representative. He is attempting residence address?
to verify that a claim is
covered in a situation where
an insured
claimed her diamond necklace
was missing.
The questions John should ask to
confirm
that loss to the necklace is
covered include all of the
following, EXCEPT:
A. Does the insured have an
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AM
insurable
interest in the missing diamond
necklace?
B. Do any additional coverages,
endorsements, or coverage
limitations apply?
C. What is the insured's residence
address?
D. Is the cause of loss covered
under the policy?",
2. Six months after switching to A. Telematics device
user-based auto insurance, Jacob
was advised that he did not earn
any premium reduction due to
his frequent braking and lane
changing. Which one of the
following devices would
provide this information to
Jacob's
insurance company?
A. Telematics device
B. Smart camera
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,7/13/25, 11:56
AM
C. Radar system
D. Driver assistance system",
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149
, 7/13/25, 11:56
AM
3. Molly is shopping C. $700
for personal auto
liability insurance
for her new car. She
has asked for a
quote at the basic
limit of
$50,000 per
accident and an
option with a
$1 million per
accident limit. Molly
has been advised
that the basic
limits rate is $400
and that an
increased limits
factor of 1.75 would
be applied for the
$1 million limit.
What is the rate
for the $1 million
4/
149
AM
CPCU520 EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS VERIFIED
GRADED A++ LATEST UPDATE 2025/2026
Terms in this set (100)
1. John is an insurance claim C. What is the insured's
representative. He is attempting residence address?
to verify that a claim is
covered in a situation where
an insured
claimed her diamond necklace
was missing.
The questions John should ask to
confirm
that loss to the necklace is
covered include all of the
following, EXCEPT:
A. Does the insured have an
1/
149
,7/13/25, 11:56
AM
insurable
interest in the missing diamond
necklace?
B. Do any additional coverages,
endorsements, or coverage
limitations apply?
C. What is the insured's residence
address?
D. Is the cause of loss covered
under the policy?",
2. Six months after switching to A. Telematics device
user-based auto insurance, Jacob
was advised that he did not earn
any premium reduction due to
his frequent braking and lane
changing. Which one of the
following devices would
provide this information to
Jacob's
insurance company?
A. Telematics device
B. Smart camera
2/
149
,7/13/25, 11:56
AM
C. Radar system
D. Driver assistance system",
3/
149
, 7/13/25, 11:56
AM
3. Molly is shopping C. $700
for personal auto
liability insurance
for her new car. She
has asked for a
quote at the basic
limit of
$50,000 per
accident and an
option with a
$1 million per
accident limit. Molly
has been advised
that the basic
limits rate is $400
and that an
increased limits
factor of 1.75 would
be applied for the
$1 million limit.
What is the rate
for the $1 million
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149
