Exam (elaborations)
RPLU 18 - Exam Questions & Answers
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RPLU 18 - Exam Questions & Answers
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RPLU 18 - Exam Questions & AnswersRelated Entity Exclusion excludes what? Correct Ans-Claims arising from: * An entity the
insured operates, manages, or controls * If the insured has more than 49% ownership * If such
entity wholly or partly owns, operates, or manages the insured
Insured vs. Insured Exclusion excludes what? Correct Ans-Coverage for any claims made
against an insured that are brought by the insured or on the insured's behalf against another
insured covered by the policy
Severability/Innocent Insureds excludes what? Correct Ans-Coverage for any insured who
knew of any statements or representations not truthfully disclosed to the insurer in the
application, while allowing coverage for other "innocent" insureds.
What may give a design professional an opportunity to correct a defect? Correct Ans-The
Notice and Opportunity to Repair Statute * Claimants must notify design professionals for a
chance to correct defects before filing with the court
Essential duties of a claims professional include what? Correct Ans-* Investigating claims *
Evaluating the scope of coverage * Recommending strategy & implementing a course of action *
Managing negotiations & working with defense * Managing defense expenses * Guiding the
insured through litigation * Communicating with the insured * Determining loss reserves *
Recommending loss mitigation strategies
When can an Automatic or Optional ERP be provided? Correct Ans-The insurer or insured
must cancel or non-renew the policy, and no similar coverage can be obtained. * If purchasing an
, optional ERP, payment must be submitted in full within 60 days of policy expiration * Is not in
addition to the limits of liability
When is an Automatic or Optional ERP unavailable? Correct Ans-If cancellation/non-renewal
is due to non-payment of premium, non-compliance with the insuring agreements, or
misrepresentation of the application occurs.
Contractual Liability & Warranty or Guarantee excludes claims arising from what? Correct
Ans-* Insured's alleged liability under any written or oral contract agreement including express
warranties or guarantees * Liability of others that the insured assumed under any oral/written
contract * Exception applies if liability would exist in absence of a contract*
What is a major difference between a CM-Agency and a CM-At-Risk? Correct Ans-CM-
Agency acts as a consultant regarding contract matters during the design & construction phases,
but the CM-At-Risk also acts as the general contractor and holds all subcontracts for construction
What does Sustained Design emphasize? Correct Ans-Reducing the collective effect on the
environment during production of building components, the construction process, and during a
buildings life cycle.
* Ex: Efficiency of heating & cooling systems, alternate energy sources, on-site power
generation, rainwater harvesting, and on-site waste management
What are some technology exposures a design professional may face? Correct Ans-*
Software/database malfunctions
* Viruses
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