Cpcu 553 Final Questions And Answers

Joel is a delivery driver for XYZ Auto Supply. He usually drives the company van, but one day, since he only had to deliver a small part, Joel used his own car that is insured with a Personal Auto Policy (PAP). While doing so, Joel was involved in a two-vehicle accident and a liability claim was made against Joel and XYZ Auto Supply. Which one of the following is an insured(s) under Joel's PAP in this situation? A. XYZ Auto Supply only B. None C. Joel only D. Joel and XYZ Auto Supply {Ans: D. Joel and XYZ Auto Supply}All of the following are necessary to determine a person's human life value, EXCEPT: A. A present value factor B. An estimation of Social Security benefits C. The needs of survivors D. The person's cost of self-maintenance {Ans: C. The needs of survivors}Which one of the following statements about most group long-term disability income insurance plans is true? A. They have a coordination-of-benefits provision that defines how disability income benefits from programs such as Social Security will affect benefits under the group plan. B. They use an "any occupation" definition of disability for an initial period, and then change