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CPCU ETHICS FINAL EXAM AND PRACTICE EXAM QUESTIONS ACTUAL EXAM COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+$18.49
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CPCU ETHICS FINAL EXAM AND PRACTICE EXAM QUESTIONS ACTUAL EXAM COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
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Course
CPCU ETHICS
Institution
CPCU ETHICS
CPCU ETHICS FINAL EXAM AND PRACTICE EXAM QUESTIONS ACTUAL EXAM COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
CPCU ETHICS FINAL EXAM AND
PRACTICE EXAM QUESTIONS 2024-
2025 ACTUAL EXAM COMPLETE 400
QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Sugartown Insurance Company strives to act
ethically across all departments of operations.
Which one of the following explains how its claims
handling benefits society as a whole?
Select one:
A. By indemnifying claimants and reducing their
dependence on charitable organizations
B. By using word of mouth to acquire more
customers
C. By ignoring instances of moral hazard
D. By waiving premium increases following a loss -
....ANSWER...A. By indemnifying claimants and
,reducing their dependence on charitable
organizations
Sanjay is a claims representative for Dutiful
Insurance Company. A policyholder is sued by a third
party for an at-fault accident. If he acts according to
high ethical standards, which one of the following
should be Sanjay's primary goal?
Select one:
A. To attempt to discredit the third party
B. To protect the policyholder from out-of-pocket
loss
C. To protect Dutiful from reputational damage
D. To minimize the claim amount to be paid by Dutiful
- ....ANSWER...B. To protect the policyholder from
out-of-pocket loss
Milo is creating a chart for his fellow business
analysts at the insurer where he works. The chart
will show the major groups to which insurance
professionals owe ethical responsibilities, which are
Select one:
A. Policyholders, additional insureds, and the public.
B. Insurers, policyholders, and the public.
,C. Insurers, policyholders, and additional insureds.
D. Policyholders, insurers, and the federal
government. - ....ANSWER...B. Insurers,
policyholders, and the public.
Which one of the following statements is correct?
Select one:
A. Insurance professionals have a responsibility to
insure any and all risks, regardless of the effect this
has on insurer profitability.
B. Agents are paid on a commission basis because
their responsibility to insurers is to sell as many
policies as possible.
C. Claim representatives should carefully determine
the value of each claim and never pay insureds or
claimants more than that value.
D. Underwriters must balance the customer's need
for a fair price and comprehensive coverage with the
insurer's profit goals. - ....ANSWER...D. Underwriters
must balance the customer's need for a fair price
and comprehensive coverage with the insurer's
profit goals.
Oliver is a reinsurance intermediary placing
reinsurance for a variety of insurers with a variety of
, reinsurers. He has no contact with the public or
policyholders of the insurers for which he places
reinsurance. In this position, Oliver's duties are best
characterized by which one of the following?
Select one:
A. Oliver still has significant duties to the public and
primary insurer policyholders.
B. Oliver owes his primary duties to the insurance
regulators overseeing reinsurance.
C. Oliver only owes his duties to the insurers for
which he places business and the reinsurers.
D. Oliver only owes his duties to the insurers for
which he places business. - ....ANSWER...A. Oliver
still has significant duties to the public and primary
insurer policyholders.
Jessica is a loss control specialist with an insurer.
She often inspects the property and operations of
insureds and makes loss control recommendations
to the underwriter. Jessica's duties in these
situations are best described by which one of the
following?
Select one:
A. Her duties involve the insurer and the
policyholder.
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