CPCU EXAM BUDLED

CPCU 551 - Chapter 4 Questions & Answers Blanket Insurance Insurance that covers either of the following with one limit of insurance: (1) one type of property in one or more separately rated buildings or (2) two or more types of property in one or more separately rated buildings. A disadvan...

CPCU 500 EXAM 3 Questions & Answers To accurately determine its level of risk, an organization must examine the effectiveness of its efforts to prevent losses from occurring and to reduce the severity of losses that do occur. An organization's efforts in this area are called Risk control ...

Final Practice Exam - CPCU 540 Questions and Answers Sean owns a retail men's clothing store. After a recent fire, the insurance adjuster requested copies of the store's most recent financial statements. The adjuster is more likely to use the statements to Estimate the inventory on hand at t...

CPCU 530 Test questions & Answers True -If the jurisdiction of the federal courts is based on diversity of citizenship, the subject matter of the dispute may be which state's law applies Judical Branch -is charged with deciding if another branch of government has the power to enact a ne...

CPCU Exam 1 Questions and Answers Probability The likelihood that an outcome or event will occur Risk Uncertainty about outcomes, with the possibility that some outcomes can be negative Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:08 / 0:15 Full s...

CPCU 500 - Identifying and Analyzing Costly Risks 3.2 Questions and Answers Incorporating individuals from multiple areas of an organization into the risk identification process can __________ bring more risks to light as well as reveal how those risks are interconnected Effective team appr...

CPCU 530 Applying Legal Concepts to Insurance Questions & Answers Elements of a legally binding contract -Agreement (includes the offer and acceptance) -Capacity (or competence) of all involved parties -Mutual assent -Consideration -Legal purpose -Proper, legally required form -pg. 1.4 ...

CPCU 551 - Chapter 8 Questions and Answers To resolve the disputes between fire underwriters and marine underwriters, insurance regulators in 1933 introduced the Nationwide Marine Definition. It restricted marine insurers to covering the loss exposures included in the Definition. Today, the Definit...

CPCU 551 - Chapter 7 Questions and Answers business income insurance Insurance that covers the reduction in an organization's income when operations are interrupted by damage to property caused by a covered peril net income the difference between total revenue and total expenses when to...

CPCU 520 Questions and Answers Which one of the following insurer goals creates a conflict between the profit goal and customer needs goal? Comply with legal requirements Which one of the following statements is true with regard to the various forms of ownership of property-casualty insurer...

CPCU 551 Questions and Answers An example of an administrative expense that can minimize the cost of risk is Risk management consulting The availability of funds to pay for losses is most important to organizations when Operations have been disrupted Brainpower Read More A self-...

CPCU 500 Chapter 1 Questions & Answers The rise of big data and predictive analytics will Select one: A. Reduce the frequency of losses but not the severity of losses. B. Eliminate the frequency and severity of losses. C. Increase the frequency and severity of losses. D. Reduce the frequency a...

CPCU 500 Practice Exam - Assignment 4 Questions & Answers East Side Manufacturing has over 50 sales managers located around the country who drive company cars. Harry, the risk manager, has noted that this exposure is generating a frequency of losses for workers compensation, auto liability, and phy...

CPCU 500- Assignment 2 Questions & Answers The fundamental purpose of a risk management framework is to A. Reduce the cost of risk. B. Define and eliminate potential losses. C. Maximize profits for all stakeholders. D. Integrate risk management throughout the organization. D. Integrate risk ma...

CPCU 500 - Managing Evolving Risks, 1st Edition Questions & Answers What was risk traditionally considered? How is it considered now? -traditionally considered a hazard posed to an individual or organization -today, known for its potential positive consequences - taking risks is necessary for gro...

CPCU 530 Ch. 3 Special Characteristics of Insurance Questions and Answers Which type of insurance policy pays a stated amount, regardless of the actual value of the loss? Valued Policy What reinforces the principle of indemnity? Subrogation Previous Play Next Rewind 10 seconds ...

CPCU 530 Questions & Answers Daniel offers a ride to Lily, a ten-year-old, and takes her to his house where he locks her in his cellar and demands money from Lily's parents to secure her return. The parents agree to pay and Lily is returned, but Daniel never receives the money. He sues Lily's...