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CPCU 552 TEST BANK EXAM LATEST ACTUAL EXAM WITH 500 QUESTIONS AND DETAILED ANSWERS (VERIFIED ANSWERS) [ALREADY GRADED A+] $19.99   Add to cart

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CPCU 552 TEST BANK EXAM LATEST ACTUAL EXAM WITH 500 QUESTIONS AND DETAILED ANSWERS (VERIFIED ANSWERS) [ALREADY GRADED A+]

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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...

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  • August 28, 2024
  • 235
  • 2024/2025
  • Exam (elaborations)
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  • CPCU 552
  • CPCU 552
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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 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

, 4|Page




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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