CPCU 552 Module 10 Test Bank

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1. For most vessels, the most significant bodily injury liability exposure is liability for injury to which of the following?

2. The ability of survivors of deceased crew members to sue for damages resulting from a crew member’s death caused by negligence on the high seas is addressed in which of the following?

3. Which one of the following would be most likely to fall into the particular average loss category?

4. Which one of the following statements is correct regarding common carriers?

5. Which one of the following is true regarding the Oil Pollution Act of 1990 (OPA)?

6. A vessel valued at $80,000,000 is carrying cargo for two customers:
Customer 1’s cargo – $12,000,000 of smart phones.
Customer 2’s cargo – $8,000,000 of skirts.
During a storm, the crew throws overboard $3,000,000 in cargo to prevent the vessel from sinking. What is the contribution to general average for the customer who owns the skirts?

7. A vessel valued at $30,000,000 is carrying the following cargo for three customers:
Customer A: $4,000,000 fireworks.
Customer B: $6,000,000 produce.
Customer C: $10,000,000 electronics.
During a fire on the ship at sea, all of the fireworks are thrown overboard to prevent an explosion. What is the contribution to general average for Customer A?

8. Which one of the following represents a type of ocean marine insurance policy?

9. Which one of the following statements is correct regarding marine insurance?

10. Which one of the following statements is correct regarding protection and indemnity (P&I) insurance?