CPCU 552 TEST BANK EXAM LATEST ACTUAL EXAM WITH 500 QUESTIONS AND DETAILED ANSWERS (VERIFIED ANSWERS) [ALREADY GRADED A+]
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Course
CPCU 552
Institution
CPCU 552
CPCU 552 TEST BANK EXAM LATEST 2024
2025 ACTUAL EXAM WITH 500 QUESTIONS
AND DETAILED ANSWERS (VERIFIED
ANSWERS) [ALREADY GRADED A+]
An individual owns a web-based business. All sales records and contact
data are maintained on the same network server as the website. Someone
hacks into the...
An individual owns a web-based business. All sales records and contact
data are maintained on the same network server as the website. Someone
hacks into the server and deletes all of the saved data. Which one of the
following types of loss is this?
Select one:
A. Tangible property
B. Personal injury
C. Intangible property
D. Contingent business income - ANSWER-C. Intangible property
Property insurance policies use the term "personal property" to refer to the
Select one:
,2|Page
A. Property in transit.
B. Contents in and around a building.
C. Buildings not attached to the main building.
D. Company's copyrights and trademarks. - ANSWER-B. Contents in and
around a building.
In business income insurance, the expenses that an organization would not
have incurred if the business interruption had not occurred are called
Select one:
A. Continuing expenses.
B. Contingent expenses.
C. Excludable expenses.
D. Extra expenses. - ANSWER-D. Extra expenses.
A vehicle owner had a tire store install four new wheels and tires on the
vehicle. On the way home from the store, one of the wheels came off,
causing the vehicle to accidentally run off the road and strike a tree. The
,3|Page
vehicle owner sued the tire store for failing to properly tighten the lug nuts
on the vehicle. The loss exposure faced by the tire store in this case is
known as
Select one:
A. Employers liability.
B. Completed operations liability.
C. Automobile liability.
D. Products liability. - ANSWER-B. Completed operations liability.
Which one of the following loss exposures exist when a business can be
held legally liable for bodily injury or property damage caused by their
repair or contracting work?
Select one:
A. Operations liability
B. Completed operations liability
C. Workers' compensation liability
D. Products liability - ANSWER-B. Completed operations liability
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Inland marine insurance is insurance that covers
Select one:
A. Businesses that own or operate watercraft, or import or export goods.
B. Many different classes of property that typically involve an element of
transportation on land.
C. Companies that ship goods by commercial vessel on inland waterways.
D. Miscellaneous lines such as burglary, glass, and steam boilers. -
ANSWER-B. Many different classes of property that typically involve an
element of transportation on land.
Sue is injured at work, and her job responsibilities are reduced for 30 days,
after which time she is fully recovered. Sue has which one of the following
types of workers compensation disabilities?
Select one:
A. Temporary total disability
B. Permanent partial disability
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