CPCU 520: Practice Exam ACTUAL
QUESTIONS AND CORRECT ANSWERS
In some states, the courts have ruled that injuries sustained as a result of drive-
by shootings are covered under the victim's personal auto policy. This is an
example of a - CORRECT ANSWERS legal hazard
The state advisory organization has developed a new homeowners form which
increases the personal property limits for guns, silverware, jewelry, and boats.
Jancy Insurance Company is considering modifying the form for its own use.
Which one of the following members of Jancy's staff would be involved in the
research and development of this new form? - CORRECT ANSWERS
corporate underwriter
An insurer's marketing department is working with the underwriting department
to determine what characteristics of middle market businesses result in the most
profitable commercial insurance accounts. Which one of the following methods
would be most effective in identifying these characteristics? - CORRECT
ANSWERS predictive analysis
Corporate underwriters share research of the market responsibilities with
actuarial and marketing departments. Research includes an ongoing evaluation
of which one of the following? - CORRECT ANSWERS optimal product
mix in the book of business
Which one of the following best describes how underwriters evaluate personal
insurance submissions? - CORRECT ANSWERS they concentrate on
identifying any hazards that may exist
Which one of the following will draft a manuscript policy or endorsement that
is worded to address the specific needs of the insured? - CORRECT ANSWERS
corporate underwriter
QUESTIONS AND CORRECT ANSWERS
In some states, the courts have ruled that injuries sustained as a result of drive-
by shootings are covered under the victim's personal auto policy. This is an
example of a - CORRECT ANSWERS legal hazard
The state advisory organization has developed a new homeowners form which
increases the personal property limits for guns, silverware, jewelry, and boats.
Jancy Insurance Company is considering modifying the form for its own use.
Which one of the following members of Jancy's staff would be involved in the
research and development of this new form? - CORRECT ANSWERS
corporate underwriter
An insurer's marketing department is working with the underwriting department
to determine what characteristics of middle market businesses result in the most
profitable commercial insurance accounts. Which one of the following methods
would be most effective in identifying these characteristics? - CORRECT
ANSWERS predictive analysis
Corporate underwriters share research of the market responsibilities with
actuarial and marketing departments. Research includes an ongoing evaluation
of which one of the following? - CORRECT ANSWERS optimal product
mix in the book of business
Which one of the following best describes how underwriters evaluate personal
insurance submissions? - CORRECT ANSWERS they concentrate on
identifying any hazards that may exist
Which one of the following will draft a manuscript policy or endorsement that
is worded to address the specific needs of the insured? - CORRECT ANSWERS
corporate underwriter
