7/13/25, 12:16
PM
CPCU 552 EXAM ACTUAL QUESTIONS ANS
ANSWERS WITH COMPLETE SOLUTIONS
VERIFIED LATEST UPDATE GRADED A++
Terms in this set (94)
-Liability resulting from the insured's
operations or the insured premises'
conditions, on or off site
Premises and -Premises: real property, ex: slips/trips/falls
Operations Liability or structural failures
-Operations: ongoing activities, ex:
contractor's worksite isn't properly
secured & injures a person walking
by
-Losses typically result from: negligence,
hold harmless agreements, strict liability
-Products: harm caused by product
defects, design flaws, inadequate
Products and warnings or instructions (products
Completed in the market)
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Operations -Completed Ops.: fault workmanship
Liability for contractors, builders, and service
providers (finished services)
-Off Site only because the product or work
is finished
Workers -WC: compensates employees for
Compensation and injuries or disabilities sustained as a
Employers Liability result of their employment
-EL: risk the employer faces for work-
related incidents not covered under WC
-Coverage A: Bodily Injury & Property
CGL Form: 3 Damage
Coverages -Coverage B: Personal & Advertising Injury
-Coverage C: Medical Payments
-Premises & Operations: covers on-premises
accidents (ex: STF), and, on OR off-
premises operations accidents (ex:
CGL Coverage A: passerby injured when construction
Bodily Injury & scaffolding breaks)
Property Damage -Products and Completed
Operations: completed work or
service (ex: insured installs faulty
plumbing at an office which injures
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PM
others), sold products away from
premises (ex: computer catches on
fire at customer's home"
**coverage applies only when the insured
is liable**
-Must qualify as BI or PD
-Must be caused by an occurrence
-Must occur in the US, Puerto Rico, or
Canada **exception: insured lives
CGL Coverage A: in the coverage territory but is
Bodily Injury & away on business, or, the sale took
Property Damage - place in the US**
Conditions -Injury or damage must not have been
known before the policy period
-"Occurrence Coverage Trigger": insurer
will pay the claim as long as the loss
occurred while the policy was in force,
regardless of when the claim was
submitted
-Must not be excluded under the policy
-Legally obligated to pay damages
(general, punitive, or special)
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, 7/13/25, 12:16
PM
-Aircraft
-Automobile
-Contractual Liability
-Damage to Impaired Property
-Damage to Your Product / Work
-Electronic Data
-Employee Injury
-Expected Injury
-Fire at insured premises
-Pollution
-Property in Possession of/Loaned to the
CGL Coverage A: Insured
Bodily Injury & -Property of the Insured
Property Damage - -Property Sold or Abandoned
Exclusions
-Property under construction
-Racing of a motor vehicle
-Product recall
-Transportation of a motor vehicle
-War
-Watercraft
-WC eligible
4/46
PM
CPCU 552 EXAM ACTUAL QUESTIONS ANS
ANSWERS WITH COMPLETE SOLUTIONS
VERIFIED LATEST UPDATE GRADED A++
Terms in this set (94)
-Liability resulting from the insured's
operations or the insured premises'
conditions, on or off site
Premises and -Premises: real property, ex: slips/trips/falls
Operations Liability or structural failures
-Operations: ongoing activities, ex:
contractor's worksite isn't properly
secured & injures a person walking
by
-Losses typically result from: negligence,
hold harmless agreements, strict liability
-Products: harm caused by product
defects, design flaws, inadequate
Products and warnings or instructions (products
Completed in the market)
1/46
,7/13/25, 12:16
PM
Operations -Completed Ops.: fault workmanship
Liability for contractors, builders, and service
providers (finished services)
-Off Site only because the product or work
is finished
Workers -WC: compensates employees for
Compensation and injuries or disabilities sustained as a
Employers Liability result of their employment
-EL: risk the employer faces for work-
related incidents not covered under WC
-Coverage A: Bodily Injury & Property
CGL Form: 3 Damage
Coverages -Coverage B: Personal & Advertising Injury
-Coverage C: Medical Payments
-Premises & Operations: covers on-premises
accidents (ex: STF), and, on OR off-
premises operations accidents (ex:
CGL Coverage A: passerby injured when construction
Bodily Injury & scaffolding breaks)
Property Damage -Products and Completed
Operations: completed work or
service (ex: insured installs faulty
plumbing at an office which injures
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,7/13/25, 12:16
PM
others), sold products away from
premises (ex: computer catches on
fire at customer's home"
**coverage applies only when the insured
is liable**
-Must qualify as BI or PD
-Must be caused by an occurrence
-Must occur in the US, Puerto Rico, or
Canada **exception: insured lives
CGL Coverage A: in the coverage territory but is
Bodily Injury & away on business, or, the sale took
Property Damage - place in the US**
Conditions -Injury or damage must not have been
known before the policy period
-"Occurrence Coverage Trigger": insurer
will pay the claim as long as the loss
occurred while the policy was in force,
regardless of when the claim was
submitted
-Must not be excluded under the policy
-Legally obligated to pay damages
(general, punitive, or special)
3/46
, 7/13/25, 12:16
PM
-Aircraft
-Automobile
-Contractual Liability
-Damage to Impaired Property
-Damage to Your Product / Work
-Electronic Data
-Employee Injury
-Expected Injury
-Fire at insured premises
-Pollution
-Property in Possession of/Loaned to the
CGL Coverage A: Insured
Bodily Injury & -Property of the Insured
Property Damage - -Property Sold or Abandoned
Exclusions
-Property under construction
-Racing of a motor vehicle
-Product recall
-Transportation of a motor vehicle
-War
-Watercraft
-WC eligible
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