Cpcu 552 Already Passed

Section III of ADCF covers 4 different things, what are they? {Ans: 1.) Failure to comply with local state, federal regulation regarding the disclosure of credit or lease terms in connection with sale or lease of an auto 2.) Same with but with odometer mileage 3.) If the auto dealer has an insurance agent offering policies 4.) A defect in a title of a car with a sale or lease}What is the difference between general average and particular average when it comes to marine liability? {Ans: General average is split among a group while particular average is a partial loss by only one party}What are the 5 sections of the Auto Dealers Coverage Form (ADCF)? {Ans: 1.) Covered autos 2.) GL 3.) Acts, E&O liability 4.) Conditions 5.) Definitions}why might you not want a local policy over a US? {Ans: You lose bargaining leverage and there is a lack of claims expertise}What is the Longshore and Harbor Workers' Compensation Act (LHWCA) {Ans: It is a federal statute that eliminates the right of most maritime workers to sue their employers}What is the difference between Fiduciary Liability policies and D&O and EPL policies? {Ans: A wrongful