PM
CPCU 555 - SUPER STUDY CARDS EXAM
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED LATEST UPDATE GRADED A+
+ 2025/2026
Terms in this set (30)
Part A - Liability Protects the insured against claims or
Coverage lawsuits for BI or PD
Part B - Medical Compensates for funeral and medical
Payments Coverage expenses
Part C - Uninsured Pays damages if an insured is injured by an
Motorist Coverage uninsured motorist or insurer is insolvent.
Part D - Damage to Compensates for physical damage to
Your Auto insured auto (aka physical damage
coverage)
Part E - Insured Outlines duty of the insured after a
Duties after an loss/accident
Accident or Loss
Part F - General Explains how changes to a policy can
be made; provisions for cancellation;
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Provisions policy termination and
descriptions of policy period and
territory.
• Promptly notify the insurer of a loss
when it occurs
• Cooperate w/ insurer
General Duties • Submit legal papers
After a Physical • Submit to a physical exam if requested
Damage Loss or
• Agree to an EUO
Accident
• Authorize release of medical records
• Submit a proof of loss
UM Duties After - Notify police of hit and run
Loss or Accident - Submit legal papers to insurer
- Take reasonable steps to prevent further
Duties after a loss
Physical Damages - Notify policy is covered auto is stolen
Loss - Permit inspection and appraisal of the
damage property
• Hitting a tree
• Overturning after losing control
Examples of • Damaged by parked car door
Collision Events
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