The Institutes CPCU-500 Actual Free Exam Questions & Community Discussion

Jack lives in a modified no-fault state which has a monetary threshold of $50,000 for noneconomic losses. His personal auto policy carries the state's minimum PIP medical coverage limit of $15,000. Jack was injured in an accident when Katie ran through a red light and struck Jack's vehicle. He incurred $20,000 in economic losses and $10,000 in noneconomic losses. How much, if any, can Jack collect from his personal auto insurer under PIP coverage?

When Aaron and Ella were purchasing their first home, they were alarmed by the premium for the homeowners insurance policy that they were required to purchase. Their agent educated them of the many benefits of homeowners insurance. All of the following are benefits of homeowners insurance, EXCEPT:

The Growers Insurance Company has begun a SWOT analysis because it has failed to meet its loss ratio goals for three consecutive years. Growers has various strategies in place that have proven successful in the past.
Which of the following would be considered a strength that Growers might be able to capitalize on to address its problem?

No-Flame Company installs fire suppressant systems in newly constructed buildings. No-Flame has an occurrence version of the Commercial General Liability Coverage Form. The first day the owners occupied a new building, the fire suppressant system installed by No-Flame malfunctioned. The building owner sustained personal property damage, and the chemicals released by the system caused minor injuries to three of the building owner's employees. No-Flame publicly accused the building owner of setting the suppressant system off in order to collect the insurance proceeds, although No-Flame knew that its systems had defects. The owner sued No-Flame for damages. Which one of the following statements best describes how No-Flame's CGL insurer will respond to the lawsuit?

It is important for insurance professionals to be able to communicate complicated ideas. Writing in a clear and concise manner is crucial to the professional success and financial health of an insurer. Which one of the following situations could impose a financial burden on an insurance professional due to improper communication skills?

A proper meeting includes effectively spurring action, triggering accountability, and driving results. These include listing what was decided, upcoming deadlines, action steps, and copies of reports/slides. Which one of the key phases of running an effective meeting would these be found in?