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The Institutes CPCU-500 Exam Syllabus Topics:
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Reference: https://web.theinstitutes.org/course/cpcu/becoming-a-leader-in-risk-management-insurance
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The Institutes Becoming a Leader in Risk Management and Insurance Sample Questions:
Gulford's is a large retail store chain with locations throughout the U.S. The operations are divided into three different profit centers. Each center has a separate executive-level position and management team. The profit centers are based on type of product and include apparel, electronics, and grocery. Which one of the following types of organizational structure has Gulford selected?
- A. Functional structure
- B. Flat structure
- C. Multidivisional structure
- D. Cost leadership structure
Correct Answer: C 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
John works for J & J Plumbing. One day while driving a company truck from one customer's house to another customer, he went through a stop sign and struck another vehicle. John only suffered a minor injury, but the driver of the other vehicle was seriously injured and the car was totaled. Which one of the following J
& J Plumbing commercial liability coverages would cover the other driver's medical expenses and the damage to the vehicle?
- A. Commercial auto liability insurance
- B. Commercial general liability insurance
- C. Employers liability insurance
- D. Workers compensation insurance
Correct Answer: A 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Helen and George purchased a vacation unit in a seaside condominium community. They should obtain coverage for it under an
- A. HO-4 policy
- B. HO-2 policy
- C. HO-5 policy
- D. HO-6 policy
Correct Answer: D 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Jane grew up in New Hampshire. She recently graduated from college, moved into an apartment in Pennsylvania, and started a new job. Jane would like her own personal property and liability insurance protection. Which one of the following Insurance Services Office homeowners forms is most appropriate for Jane?
- A. HO-4 policy
- B. HO-2 policy
- C. HO-5 policy
- D. HO-6 policy
Correct Answer: A 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
Foster Plumbing dug a hole in the street to run a water pipe from the main line to a new home. Foster planned to fill in the hole the next day. No barriers were erected, and Joe drove his car into the hole. Joe was injured and his car was destroyed. Joe sued Foster for damages. Foster's liability to Joe arises out of Foster's
- A. Employers' liability exposure.
- B. Premises and operations liability exposure.
- C. Products and completed operations liability exposure.
- D. Absolute liability exposure.
Correct Answer: B 🗳️
Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).
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