Page 1 of 89
CPCU 552 EXAM COMPLETE (151) CURRENT
TESTING QUESTIONS AND DETAILED
CORRECT ANSWERS|GUARANTEED PASS.
CPCU
Ace your preparation with this CPCU 552 Exam, designed to
assess advanced knowledge of insurance operations and risk
management principles. It focuses on risk financing strategies,
insurance markets, underwriting analysis, and financial
decision-making in insurance. The exam strengthens analytical
reasoning and applied problem-solving in professional
insurance practice. Suitable for insurance and risk management
certification candidates.
The Commercial General Liability (CGL) Coverage Form
defines the term "occurrence" as
Select one:
A. An incident, sudden and accidental in nature, causing
bodily injury or property damage.
B. An accident, including continuous or repeated exposure
to substantially the same general harmful conditions.
C. An accident, causing bodily injury or property damage,
that occurs suddenly.
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D. An incident resulting from repeated exposure to
substantially the same general harmful conditions. ✓ ✓
...... ANSWER ....... B. An accident, including continuous
or repeated exposure to substantially the same general
harmful conditions.
The Commercial General Liability (CGL) Coverage Form
defines the term "occurrence" as an accident, including
continuous or repeated exposure to substantially the same
general harmful conditions.
Sullivan Construction Company (SCC) is an excavation
contractor specializing in digging foundations for homes. It
has five dump trucks, each of which is fitted with a tow hitch.
Each vehicle tows a trailer used to move excavation
equipment to and from job sites as well as to haul dirt. SCC's
president, Bill Sullivan, drives a sport utility vehicle owned
and insured by SCC. The company has one outside
salesman and 10 construction employees, all of whom drive
their own vehicles to work and on company business. SCC's
equipment includes four backhoes used to dig building
foundations and one bulldozer. Among other insurance, SCC
has an unendorsed Business Auto Coverage Form (BACF).
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Select one:
A. Symbol 1—any auto
B. Symbol 2—owned autos only
C. Symbol 3—owned private passenger autos only
D. Symbol 4—owned autos other than private passenger
autos only ✓ ✓ ...... ANSWER ....... B. Symbol 2—
owned autos only
SCC should select Symbol 2—owned autos only for physical
damage coverage under its BACF.
Matthew Jones, the named insured under an unendorsed
Business Auto Coverage Form (BACF), requires his
employees to use their own cars for business purposes. One
of Matthew's employees, Paul, causes an accident while
driving his own truck for the business.
Matthew's BACF shows symbol 1 for liability coverage.
Which one of the following correctly indicates whether Paul
is an insured under the policy for the accident?
A. Paul is covered because employees are considered
insureds for any auto.
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B. Paul is covered because Matthew has given permission
for Paul to drive his own truck.
C. Paul is not covered because employees are not insured
while using their own autos in the named insured's business.
D. Paul is not covered because employees are not insureds
for any use of any auto. ✓ ✓ ...... ANSWER ....... C. Paul
is not covered because employees are not insured while
using their own autos in the named insured's business.
C is correct — Paul is not insured because he's using his
own truck in the business, and the unendorsed BACF
excludes this scenario.
The specified causes of loss coverage of the business auto
policy includes coverage for which one of the following?
Select one:
A. Glass breakage whether caused by collision or some
other cause.
B. Direct and accidental loss or damage resulting from
overturn.
C. Derailment of a conveyance transporting the insured
vehicle.
CPCU 552 EXAM COMPLETE (151) CURRENT
TESTING QUESTIONS AND DETAILED
CORRECT ANSWERS|GUARANTEED PASS.
CPCU
Ace your preparation with this CPCU 552 Exam, designed to
assess advanced knowledge of insurance operations and risk
management principles. It focuses on risk financing strategies,
insurance markets, underwriting analysis, and financial
decision-making in insurance. The exam strengthens analytical
reasoning and applied problem-solving in professional
insurance practice. Suitable for insurance and risk management
certification candidates.
The Commercial General Liability (CGL) Coverage Form
defines the term "occurrence" as
Select one:
A. An incident, sudden and accidental in nature, causing
bodily injury or property damage.
B. An accident, including continuous or repeated exposure
to substantially the same general harmful conditions.
C. An accident, causing bodily injury or property damage,
that occurs suddenly.
, Page 2 of 89
D. An incident resulting from repeated exposure to
substantially the same general harmful conditions. ✓ ✓
...... ANSWER ....... B. An accident, including continuous
or repeated exposure to substantially the same general
harmful conditions.
The Commercial General Liability (CGL) Coverage Form
defines the term "occurrence" as an accident, including
continuous or repeated exposure to substantially the same
general harmful conditions.
Sullivan Construction Company (SCC) is an excavation
contractor specializing in digging foundations for homes. It
has five dump trucks, each of which is fitted with a tow hitch.
Each vehicle tows a trailer used to move excavation
equipment to and from job sites as well as to haul dirt. SCC's
president, Bill Sullivan, drives a sport utility vehicle owned
and insured by SCC. The company has one outside
salesman and 10 construction employees, all of whom drive
their own vehicles to work and on company business. SCC's
equipment includes four backhoes used to dig building
foundations and one bulldozer. Among other insurance, SCC
has an unendorsed Business Auto Coverage Form (BACF).
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Select one:
A. Symbol 1—any auto
B. Symbol 2—owned autos only
C. Symbol 3—owned private passenger autos only
D. Symbol 4—owned autos other than private passenger
autos only ✓ ✓ ...... ANSWER ....... B. Symbol 2—
owned autos only
SCC should select Symbol 2—owned autos only for physical
damage coverage under its BACF.
Matthew Jones, the named insured under an unendorsed
Business Auto Coverage Form (BACF), requires his
employees to use their own cars for business purposes. One
of Matthew's employees, Paul, causes an accident while
driving his own truck for the business.
Matthew's BACF shows symbol 1 for liability coverage.
Which one of the following correctly indicates whether Paul
is an insured under the policy for the accident?
A. Paul is covered because employees are considered
insureds for any auto.
, Page 4 of 89
B. Paul is covered because Matthew has given permission
for Paul to drive his own truck.
C. Paul is not covered because employees are not insured
while using their own autos in the named insured's business.
D. Paul is not covered because employees are not insureds
for any use of any auto. ✓ ✓ ...... ANSWER ....... C. Paul
is not covered because employees are not insured while
using their own autos in the named insured's business.
C is correct — Paul is not insured because he's using his
own truck in the business, and the unendorsed BACF
excludes this scenario.
The specified causes of loss coverage of the business auto
policy includes coverage for which one of the following?
Select one:
A. Glass breakage whether caused by collision or some
other cause.
B. Direct and accidental loss or damage resulting from
overturn.
C. Derailment of a conveyance transporting the insured
vehicle.
