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[Show more]CPCU 552 Chapter 7 Objective 7 Exam 
Questions With Revised Answers 
Fiduciary Liability Insurance - answerInsurance that covers the fiduciaries of an employee 
benefit plan against liability claims alleging breach of their fiduciary duties involving 
discretionary judgment. 
Describe the four major...
Preview 1 out of 2 pages
Add to cartCPCU 552 Chapter 7 Objective 7 Exam 
Questions With Revised Answers 
Fiduciary Liability Insurance - answerInsurance that covers the fiduciaries of an employee 
benefit plan against liability claims alleging breach of their fiduciary duties involving 
discretionary judgment. 
Describe the four major...
CPCU 552 Test #2 (Ch. 7-8) Exam Questions 
With Revised Answers 
Describe the major functions of a corporation's board of directors. - answer• establish 
corporate policy 
• make major business and financial decisions 
• appoint executive officers to manage daily operations 
Describe the 4 fi...
Preview 2 out of 14 pages
Add to cartCPCU 552 Test #2 (Ch. 7-8) Exam Questions 
With Revised Answers 
Describe the major functions of a corporation's board of directors. - answer• establish 
corporate policy 
• make major business and financial decisions 
• appoint executive officers to manage daily operations 
Describe the 4 fi...
CPCU 552 Exam Questions With Revised 
Answers 
Which one of the following is a major responsibility of corporate directors? 
a) to perpetuate a competent board through regular elections 
b) to manage investments and disbursements of the corporation's assets 
c) to create the proper annual & interim...
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Add to cartCPCU 552 Exam Questions With Revised 
Answers 
Which one of the following is a major responsibility of corporate directors? 
a) to perpetuate a competent board through regular elections 
b) to manage investments and disbursements of the corporation's assets 
c) to create the proper annual & interim...
CPCU 552 Chapter 8: Professional Liability 
Exam Questions With Revised Answers 
What are the three legal foundations of Professional Liability? - answer1. Breach of Contract 
- plaintiff shows the professional failed to perform the services for which he was hired 
2. Tort action - plaintiff shows t...
Preview 2 out of 5 pages
Add to cartCPCU 552 Chapter 8: Professional Liability 
Exam Questions With Revised Answers 
What are the three legal foundations of Professional Liability? - answer1. Breach of Contract 
- plaintiff shows the professional failed to perform the services for which he was hired 
2. Tort action - plaintiff shows t...
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