7/13/25, 12:14
PM
CPCU 552, CP&L FINAL EXAM QUESTIONS & VERIFIED
CORRECT ANSWERS NEWEST UPLOADED 150 QUIZ A+
PASSED
Terms in this set (140)
Railroad owners One of the coverage limits
commonly require applies to physical damage to
contractors to property owned by or leased
purchase a Railroad or entrusted to the railroad
Protective Liability
Coverage Form. Which
one of the following
statements about this
form is true?
Which one of the following It is reduced by an claims paid for
statements medical payments under Coverage
about the general C.
aggregate limit under a
Commercial General
Liability (CGL)
1/94
,7/13/25, 12:14
PM
Coverage Form is true?
Tom often runs errands Yes, the workers
for his boss at XYZ compensation policy would
Company, using the pay all of Tom's expenses,
boss' car. On one of because his injuries arose
these errands, Tom is out of his employment at
involved in a serious auto XYZ Company.
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?
Aircraft have a significant The physical properties of aircraft.
exposure to
catastrophe losses. Of the
many reasons for the
2/94
,7/13/25, 12:14
PM
catastrophic loss
potential of
aircraft, the most significant
is
A security guard is The injury is covered by LHWCA
employed at a pier because the guard is not covered
where shipping under a state's workers
containers are compensation law.
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
3/94
, 7/13/25, 12:14
PM
coverage that
provides benefits
under the
Longshore and
Harbor Workers
Compensation Act
(LHWCA). Is the
guard's injury
covered under
LHWCA?
ABC Plumbing Liquidated damages
entered into a
contract with Bill
to install a
commercial
grade septic
system on his
property. The
installation of the
septic septic was
time sensitive
because the rest
of Bill's
4/94
PM
CPCU 552, CP&L FINAL EXAM QUESTIONS & VERIFIED
CORRECT ANSWERS NEWEST UPLOADED 150 QUIZ A+
PASSED
Terms in this set (140)
Railroad owners One of the coverage limits
commonly require applies to physical damage to
contractors to property owned by or leased
purchase a Railroad or entrusted to the railroad
Protective Liability
Coverage Form. Which
one of the following
statements about this
form is true?
Which one of the following It is reduced by an claims paid for
statements medical payments under Coverage
about the general C.
aggregate limit under a
Commercial General
Liability (CGL)
1/94
,7/13/25, 12:14
PM
Coverage Form is true?
Tom often runs errands Yes, the workers
for his boss at XYZ compensation policy would
Company, using the pay all of Tom's expenses,
boss' car. On one of because his injuries arose
these errands, Tom is out of his employment at
involved in a serious auto XYZ Company.
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?
Aircraft have a significant The physical properties of aircraft.
exposure to
catastrophe losses. Of the
many reasons for the
2/94
,7/13/25, 12:14
PM
catastrophic loss
potential of
aircraft, the most significant
is
A security guard is The injury is covered by LHWCA
employed at a pier because the guard is not covered
where shipping under a state's workers
containers are compensation law.
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
3/94
, 7/13/25, 12:14
PM
coverage that
provides benefits
under the
Longshore and
Harbor Workers
Compensation Act
(LHWCA). Is the
guard's injury
covered under
LHWCA?
ABC Plumbing Liquidated damages
entered into a
contract with Bill
to install a
commercial
grade septic
system on his
property. The
installation of the
septic septic was
time sensitive
because the rest
of Bill's
4/94
