7/13/25, 12:16
PM
CPCU 552 EXAM QUESTIONS ANS ANSWERS
WITH COMPLETE SOLUTIONS VERIFIED LATEST
UPDATE GRADED A++ 2025/2026
Terms in this set (30)
Liability Loss Any condition or situation that presents the
Exposure possibility of a claim alleging legal
responsibility of a person or business for
injury or damage suffered by another
party.
Liability imposed by a court or by a
Strict Liability statute in the absence of fault when
(absolute liability) harm results from activities or
conditions that are extremely
dangerous, unnatural,
ultrahazardous, extraordinary,
abnormal, or inappropriate.
Hold-harmless A contractual provision that obligates
agreement (or one of the parties to assume the
indemnity legal liability of another party.
agreement)
1/
6
, 7/13/25, 12:16
PM
Mobile Equipment Various types of vehicles designed
for use principally off public roads,
such as bulldozers and cranes.
1st Key Element to The product was defective when it
Prove Strict Liability left the manufacturer's or supplier's
custody or control.
2nd Key Element to The defective condition made the product
Prove Strict Liability unreasonably dangerous.
3rd Key Element to The defective product was the proximate
Prove Strict Liability cause of the plaintiff's injury.
Automobile legal responsibility for bodily injury or
Liability property damage arising out of the
ownership, maintenance, or use of
automobiles
Workers financial remedy for occupational
Compensation and injury or illness to employees
Employers Liability provided by an employer that is
required by various state and
federal laws
2/
6
PM
CPCU 552 EXAM QUESTIONS ANS ANSWERS
WITH COMPLETE SOLUTIONS VERIFIED LATEST
UPDATE GRADED A++ 2025/2026
Terms in this set (30)
Liability Loss Any condition or situation that presents the
Exposure possibility of a claim alleging legal
responsibility of a person or business for
injury or damage suffered by another
party.
Liability imposed by a court or by a
Strict Liability statute in the absence of fault when
(absolute liability) harm results from activities or
conditions that are extremely
dangerous, unnatural,
ultrahazardous, extraordinary,
abnormal, or inappropriate.
Hold-harmless A contractual provision that obligates
agreement (or one of the parties to assume the
indemnity legal liability of another party.
agreement)
1/
6
, 7/13/25, 12:16
PM
Mobile Equipment Various types of vehicles designed
for use principally off public roads,
such as bulldozers and cranes.
1st Key Element to The product was defective when it
Prove Strict Liability left the manufacturer's or supplier's
custody or control.
2nd Key Element to The defective condition made the product
Prove Strict Liability unreasonably dangerous.
3rd Key Element to The defective product was the proximate
Prove Strict Liability cause of the plaintiff's injury.
Automobile legal responsibility for bodily injury or
Liability property damage arising out of the
ownership, maintenance, or use of
automobiles
Workers financial remedy for occupational
Compensation and injury or illness to employees
Employers Liability provided by an employer that is
required by various state and
federal laws
2/
6
