7/13/25, 12:17
PM
CPCU 552 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
GRADED A++
Terms in this set (109)
Which one of these Liquor liability (Liquor liability is not an
is not an example example of a coverage that is excluded
of a coverage that under Coverage A of the CGL coverage
is excluded under form because it is insured under
Coverage A of the another policy.
CGL coverage form
because it is
insured under another
policy?
An endorsement that Miscellaneous coverage amendment
eliminates the liquor endorsement (
liability exclusion
and provides
coverage for
organizations in the
business of selling or
serving alcoholic
1/68
,7/13/25, 12:17
PM
beverages is an
example of which type
of endorsement?
Which one of the Premium for these endorsements is on a "refer
following is true to company" basis.
regarding the
Commercial General
Liability's (CGL's)
unmanned aircraft
coverage
endorsements?
Jill, who is the named $0 (An employee of the insured is not an
insured on an insured if the covered auto is owned by
unendorsed Business the employee.
Auto Coverage Form
(BACF), hired
Jimmy to assist in
her business. Jill
asked Jimmy to
purchase some
business supplies.
While he was driving
his own car,
Jimmy's vehicle
was hit by an
uninsured motorist.
2/68
,7/13/25, 12:17
PM
Jimmy's medical
expenses were
$2,000, and the
damage to his car
was $4,000. Which
one of the
following correctly
indicates how much
Jill's auto insurer
will pay Jimmy for
his losses?
An auto dealer There will be coverage for the failure to
advertises that a comply with the Truth in Lending Act,
new vehicle is but not for the false advertisement of
available for $18,000 prices. (There will be coverage for the
with no down failure to comply with the Truth in
payment and an Lending Act, but not for the false
interest rate of 1 advertisement of prices.
percent. A customer
attempts to purchase
the vehicle, but is
told that the price is
now
$21,000 and the
interest rate is 9
percent. The
3/68
, 7/13/25, 12:17
PM
customer files suit,
alleging false
advertisement of
prices and failure
to
comply with the Truth
in Lending Act. Which
one of the following
correctly describes
coverage for this
claim under the
Auto
Dealers Coverage
Form?
A claim Review the policy conditions to determine
representative is whether they preclude coverage at the
handling a claim for time of loss. (The next step that the
an auto dealership representative should take in determining
insured under the whether coverage applies is to review the
Auto Dealers policy conditions to determine whether
Coverage Form they preclude coverage at the time of
(ADCF). loss.
Several new autos
and autos left for
service by
customers were
4/68
PM
CPCU 552 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
GRADED A++
Terms in this set (109)
Which one of these Liquor liability (Liquor liability is not an
is not an example example of a coverage that is excluded
of a coverage that under Coverage A of the CGL coverage
is excluded under form because it is insured under
Coverage A of the another policy.
CGL coverage form
because it is
insured under another
policy?
An endorsement that Miscellaneous coverage amendment
eliminates the liquor endorsement (
liability exclusion
and provides
coverage for
organizations in the
business of selling or
serving alcoholic
1/68
,7/13/25, 12:17
PM
beverages is an
example of which type
of endorsement?
Which one of the Premium for these endorsements is on a "refer
following is true to company" basis.
regarding the
Commercial General
Liability's (CGL's)
unmanned aircraft
coverage
endorsements?
Jill, who is the named $0 (An employee of the insured is not an
insured on an insured if the covered auto is owned by
unendorsed Business the employee.
Auto Coverage Form
(BACF), hired
Jimmy to assist in
her business. Jill
asked Jimmy to
purchase some
business supplies.
While he was driving
his own car,
Jimmy's vehicle
was hit by an
uninsured motorist.
2/68
,7/13/25, 12:17
PM
Jimmy's medical
expenses were
$2,000, and the
damage to his car
was $4,000. Which
one of the
following correctly
indicates how much
Jill's auto insurer
will pay Jimmy for
his losses?
An auto dealer There will be coverage for the failure to
advertises that a comply with the Truth in Lending Act,
new vehicle is but not for the false advertisement of
available for $18,000 prices. (There will be coverage for the
with no down failure to comply with the Truth in
payment and an Lending Act, but not for the false
interest rate of 1 advertisement of prices.
percent. A customer
attempts to purchase
the vehicle, but is
told that the price is
now
$21,000 and the
interest rate is 9
percent. The
3/68
, 7/13/25, 12:17
PM
customer files suit,
alleging false
advertisement of
prices and failure
to
comply with the Truth
in Lending Act. Which
one of the following
correctly describes
coverage for this
claim under the
Auto
Dealers Coverage
Form?
A claim Review the policy conditions to determine
representative is whether they preclude coverage at the
handling a claim for time of loss. (The next step that the
an auto dealership representative should take in determining
insured under the whether coverage applies is to review the
Auto Dealers policy conditions to determine whether
Coverage Form they preclude coverage at the time of
(ADCF). loss.
Several new autos
and autos left for
service by
customers were
4/68
