CPCU 552 EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS GRADED A++ LATEST UPDATE
CGL Coverage Firms
Coverage A- bodily injurya d property damage
Coverage B- personal and advertising injury
Coverage C- medical payments
BACF (business auto covg form)
Section 1- covered autos
Section 2- covered autos liability coverage
Section 3- physical damage coverage
Section 4- business auto conditions
Section 5- definitions
Auto symbols
1- any auto
2- owned autos only (and trailers for liab only)
3- owned private passenger autos only
4- owned autos other that pricate passenger autos only
5- owned autos subject to no fault (only lsited with PIP)
6- owned autos subject to compulsory uninsured motorist law
7- specifically described autos
8- hired autos only
,9- nonowned autos only
19- mobile equipment subject to compulsory or financial responsibility or other motor
veh ins law only
ADCF (auto dealer covg form)
Section 1- covered auto coverages
Section 2- general liab covgs
Section 3- acts, e and o liab covgs
Section 4- conditions
Section 5- definitions
Auto dealer symbols
Symbols 21-29 parallel 1-9
Symbol 30- garage keepers
Symbol 31- physical damage
Motor Carrier Symbols
See page 5.29
Worker Comp and Employer Liability
Section 1- workers comp ins
Section 2- employer liab ins
Section 3- other states ins
Section 4- your duties if injury occurs
Section 5- premium
Section 6- conditions
Directors and Officers
, Duty of care
Duty of loyalty
Duty of disclosure
Duty of obedience
CGL Claims Made Version
Only used when long-tail claims are a major concern for underwriting. Claim must be
made during policy period unless they buy tail coverage.
Montrose language
Insured will not cover claims for issues the insured knew about before the policy
inception date.
World wide territory coverage
1) injury/damage must arise out of products/goods sold in US/PR/Canada; activities by
someone based in US/PR/CA and away temporarily; Pers/adv injury occurring through
electronic communication
2) insurers liab must be determined when the insurer agrees or in a suit on merits in the
US/PR/CA
CGL coverage B- personal and advertising injurt
False arrest/detention/imprisonment
Malicious prosecution
Wrongful eviction
Etc pg 3.4
Personal and advertising injury- contractual liability
Excluded. Ex- contracts w/ security firm to cover PAI. Insurance won't cover it.
SOLUTIONS GRADED A++ LATEST UPDATE
CGL Coverage Firms
Coverage A- bodily injurya d property damage
Coverage B- personal and advertising injury
Coverage C- medical payments
BACF (business auto covg form)
Section 1- covered autos
Section 2- covered autos liability coverage
Section 3- physical damage coverage
Section 4- business auto conditions
Section 5- definitions
Auto symbols
1- any auto
2- owned autos only (and trailers for liab only)
3- owned private passenger autos only
4- owned autos other that pricate passenger autos only
5- owned autos subject to no fault (only lsited with PIP)
6- owned autos subject to compulsory uninsured motorist law
7- specifically described autos
8- hired autos only
,9- nonowned autos only
19- mobile equipment subject to compulsory or financial responsibility or other motor
veh ins law only
ADCF (auto dealer covg form)
Section 1- covered auto coverages
Section 2- general liab covgs
Section 3- acts, e and o liab covgs
Section 4- conditions
Section 5- definitions
Auto dealer symbols
Symbols 21-29 parallel 1-9
Symbol 30- garage keepers
Symbol 31- physical damage
Motor Carrier Symbols
See page 5.29
Worker Comp and Employer Liability
Section 1- workers comp ins
Section 2- employer liab ins
Section 3- other states ins
Section 4- your duties if injury occurs
Section 5- premium
Section 6- conditions
Directors and Officers
, Duty of care
Duty of loyalty
Duty of disclosure
Duty of obedience
CGL Claims Made Version
Only used when long-tail claims are a major concern for underwriting. Claim must be
made during policy period unless they buy tail coverage.
Montrose language
Insured will not cover claims for issues the insured knew about before the policy
inception date.
World wide territory coverage
1) injury/damage must arise out of products/goods sold in US/PR/Canada; activities by
someone based in US/PR/CA and away temporarily; Pers/adv injury occurring through
electronic communication
2) insurers liab must be determined when the insurer agrees or in a suit on merits in the
US/PR/CA
CGL coverage B- personal and advertising injurt
False arrest/detention/imprisonment
Malicious prosecution
Wrongful eviction
Etc pg 3.4
Personal and advertising injury- contractual liability
Excluded. Ex- contracts w/ security firm to cover PAI. Insurance won't cover it.
