CPCU 552 EXAM STUFY QUESTIONS
WITH DETAILED VERIFIED CORRECT
ANSWERS
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.
CGL Supplementary payments
All expenses incurred by insurer
$250 bail bonds
Cost of bonds to release attachments that do not exceed covg lim
All reasonable expenses the insured had at the insurers request
Court costs
Pre judgement interest awarded
Interest in full amount of any judgement
CGL named insured
, Temporary employees are not named insurers, but leased employees are and volunteers are
Anyone taking care of property after named ins death has liability coverage until legal rep takes
control. The actual legal rep gets all named ins rights under the pol.
Newly acquired orgs get 90 days or until added to pol.
CGL limits
Defense costs to not apply to each occurrence limit or the aggregate limit.
PCO aggregate
Not available for salons, funeral homes, ins agents, Internet providers, kennels, nursing homes,
daycares, and financial firms. Deducts from ref aggregate even if PCO.
Claims made forms only
Pollution liab
Underground tank storage
Electronic data
Employee benefit liab
D and O
Prof liab (but does not offer unlimited extended reporting. Only 1-3 years)
CGL Addl Covg Endorsments
EBL
Electronic data
CGL exclusion endorsements
Nuclear energy liab
Employment related practices
Electronic data form
WITH DETAILED VERIFIED CORRECT
ANSWERS
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.
CGL Supplementary payments
All expenses incurred by insurer
$250 bail bonds
Cost of bonds to release attachments that do not exceed covg lim
All reasonable expenses the insured had at the insurers request
Court costs
Pre judgement interest awarded
Interest in full amount of any judgement
CGL named insured
, Temporary employees are not named insurers, but leased employees are and volunteers are
Anyone taking care of property after named ins death has liability coverage until legal rep takes
control. The actual legal rep gets all named ins rights under the pol.
Newly acquired orgs get 90 days or until added to pol.
CGL limits
Defense costs to not apply to each occurrence limit or the aggregate limit.
PCO aggregate
Not available for salons, funeral homes, ins agents, Internet providers, kennels, nursing homes,
daycares, and financial firms. Deducts from ref aggregate even if PCO.
Claims made forms only
Pollution liab
Underground tank storage
Electronic data
Employee benefit liab
D and O
Prof liab (but does not offer unlimited extended reporting. Only 1-3 years)
CGL Addl Covg Endorsments
EBL
Electronic data
CGL exclusion endorsements
Nuclear energy liab
Employment related practices
Electronic data form
