CPCU 552 LATEST 2026 TEST PAPER QUESTIONS AND
SOLUTIONS RATED A+
✔✔3. Claims-made endorsement - ✔✔provide extended reporting periods for the claims
made version of the CGL
✔✔3. owners' and contractors protective liability insurance - ✔✔insurance purchased by
an independent contractor to protect a principal against liability arising out of the
contractor's operations for the principal or the principal's general supervision of the
contractors' operations
✔✔3. the construction project management protective liability coverage endorsement -
✔✔provides coverage for a contractor and operations performed and acts of omissions
of any insured
✔✔3. railroad protective endorsement - ✔✔is the OCP form geared towards to insure
railroads
✔✔3. liquor liability insurance - ✔✔covers the alcoholic beverage sellers liability for BI
and PD arising from the selling, serving, or furnishing of any alcoholic beverage
✔✔3. Dram Shop Act - ✔✔are the statutes that hold alcoholic beverages sellers
responsible for harm caused by serving alcohol in violation of statues
✔✔4. Employers Non-ownership liability - ✔✔Provides coverage to an employer for
liability arising out of an employee's use of his own auto in the employer's business.
May be included under a Business Auto Policy or added to a CGL policy
✔✔4. Business Auto Coverage Form - ✔✔a coverage form, filed by ISO, that covers
liability arising out of the ownership, maintenance, or use of autos and physical damage
to autos owned, leased, or hired by the named insured
✔✔1 - ✔✔Any Auto
✔✔2 - ✔✔Owned Autos Only
✔✔3 - ✔✔Owned Private Passenger Autos Only
✔✔4 - ✔✔Owned Autos other than Private Passenger
✔✔5 - ✔✔Owned Autos Subject to No-Fault
✔✔6 - ✔✔Owned Autos Subject to a Compulsory Uninsured Motorists law
,✔✔7 - ✔✔Specifically Described Autos
✔✔8 - ✔✔Hired Autos Only
✔✔9 - ✔✔Non-owned Autos Only
✔✔19 - ✔✔Mobile Equipment Subject to Compulsory or Financial Responsibility or
Other Motor Vehicle Insurance Law Only
✔✔4. Collision Coverage - ✔✔coverage for direct and accidental loss or damage to a
covered auto caused by collision with another object or by overturn
✔✔4. Comprehensive Cover - ✔✔coverage for direct and accidental loss or damage to
a covered auto by any peril except collision or overturn or a peril specifically excluded
✔✔4. Specified Causes of Loss Coverage - ✔✔coverage for direct and accidental loss
caused by FLEX, windstorm, hail, EQ, flood, mischief, vandalism, or loss resulting from
the sinking, burning, collision, or derailment of a conveyance transporting the covered
auto.
✔✔4. Towing and Labor Coverage - ✔✔Coverage for necessary towing and labor costs
(for labor performed at the place of disablement) due to the disablement of a covered
private passenger auto.
✔✔4. Transportation Expenses - ✔✔Coverage extension for substitute transportation
costs incurred when a private passenger type auto has been stolen.
✔✔4. Loss of Use Expenses - ✔✔Coverage extension that pays for loss of use of a
rental auto when an insured becomes contractually obligated to make such payments.
✔✔4. Owned Auto - ✔✔Most common Auto Risk. Vehicle owned by a business used by
employees
✔✔4. Hired and Borrowed Autos - ✔✔an auto rented or used in a business that is not
owned by the business
✔✔4. Contractual Liability - ✔✔Liability arising out of the rental of a vehicle and hold
harmless agreements
✔✔4. Bailee Loss Exposure - ✔✔liability for damage to autos temporarily left in the
business' custody
, ✔✔4. auto - ✔✔Land motor vehicle, trailer, semi-trailer, designed for travel on public
roads, and land vehicle subject to motor vehicle insurance law, excluding mobile
equipment
✔✔4. out-of-state coverage extension - ✔✔we will pay up to any compulsory or financial
responsibility limit required in any other state or Canadian province where the auto is
used, even if higher than your limit
✔✔4. Physical Damage Coverage - ✔✔covers property loss exposures for owned autos
and liability loss exposures for non-owned autos
✔✔4. Rental Reimbursement Coverage - ✔✔This pays for an individual's expenses, up
to the limit on their policy, to rent a vehicle if they have a covered comprehensive or
collision loss.
✔✔4. Employees as Insureds Endorsement - ✔✔extends liability coverage to the
insureds employees using their own autos on the insureds behalf. Pays in excess of
what the employee can collect under his own policy
✔✔4. Employee Hired auto Endorsement - ✔✔cover employees who rent vehicles in
their own names while performing business duties for the insured
✔✔4. Stated Amount insurance - ✔✔caps the insurer's liability for physical damage loss
at the specific amount
✔✔4. Uninsured and Underinsured Motorists Coverage - ✔✔pays damages for BI to
which any covered person is legally entitled due to an accident with an uninsured or
underinsured vehicle
✔✔4. Personal Injury Protection (PIP) - ✔✔provide first party benefits for medical
expense, lost income, lost services, and funeral expenses resulting from BI to
occupants of a covered auto due to an auto accident.
✔✔4. Individual Named Insured - ✔✔provides full - primary - personal auto coverage for
the named individual and his family
✔✔4. Drive-other-car -- Broadened Coverage for Named Insured Individuals -
✔✔provides excess liability insurance for the Person named in the endorsement and his
spouse while using autos they do not own.
✔✔5. Garage Coverage Form - ✔✔The coverage form, filed by ISO, that covers the
commercial auto and general liability exposures of auto and trailer dealers.
SOLUTIONS RATED A+
✔✔3. Claims-made endorsement - ✔✔provide extended reporting periods for the claims
made version of the CGL
✔✔3. owners' and contractors protective liability insurance - ✔✔insurance purchased by
an independent contractor to protect a principal against liability arising out of the
contractor's operations for the principal or the principal's general supervision of the
contractors' operations
✔✔3. the construction project management protective liability coverage endorsement -
✔✔provides coverage for a contractor and operations performed and acts of omissions
of any insured
✔✔3. railroad protective endorsement - ✔✔is the OCP form geared towards to insure
railroads
✔✔3. liquor liability insurance - ✔✔covers the alcoholic beverage sellers liability for BI
and PD arising from the selling, serving, or furnishing of any alcoholic beverage
✔✔3. Dram Shop Act - ✔✔are the statutes that hold alcoholic beverages sellers
responsible for harm caused by serving alcohol in violation of statues
✔✔4. Employers Non-ownership liability - ✔✔Provides coverage to an employer for
liability arising out of an employee's use of his own auto in the employer's business.
May be included under a Business Auto Policy or added to a CGL policy
✔✔4. Business Auto Coverage Form - ✔✔a coverage form, filed by ISO, that covers
liability arising out of the ownership, maintenance, or use of autos and physical damage
to autos owned, leased, or hired by the named insured
✔✔1 - ✔✔Any Auto
✔✔2 - ✔✔Owned Autos Only
✔✔3 - ✔✔Owned Private Passenger Autos Only
✔✔4 - ✔✔Owned Autos other than Private Passenger
✔✔5 - ✔✔Owned Autos Subject to No-Fault
✔✔6 - ✔✔Owned Autos Subject to a Compulsory Uninsured Motorists law
,✔✔7 - ✔✔Specifically Described Autos
✔✔8 - ✔✔Hired Autos Only
✔✔9 - ✔✔Non-owned Autos Only
✔✔19 - ✔✔Mobile Equipment Subject to Compulsory or Financial Responsibility or
Other Motor Vehicle Insurance Law Only
✔✔4. Collision Coverage - ✔✔coverage for direct and accidental loss or damage to a
covered auto caused by collision with another object or by overturn
✔✔4. Comprehensive Cover - ✔✔coverage for direct and accidental loss or damage to
a covered auto by any peril except collision or overturn or a peril specifically excluded
✔✔4. Specified Causes of Loss Coverage - ✔✔coverage for direct and accidental loss
caused by FLEX, windstorm, hail, EQ, flood, mischief, vandalism, or loss resulting from
the sinking, burning, collision, or derailment of a conveyance transporting the covered
auto.
✔✔4. Towing and Labor Coverage - ✔✔Coverage for necessary towing and labor costs
(for labor performed at the place of disablement) due to the disablement of a covered
private passenger auto.
✔✔4. Transportation Expenses - ✔✔Coverage extension for substitute transportation
costs incurred when a private passenger type auto has been stolen.
✔✔4. Loss of Use Expenses - ✔✔Coverage extension that pays for loss of use of a
rental auto when an insured becomes contractually obligated to make such payments.
✔✔4. Owned Auto - ✔✔Most common Auto Risk. Vehicle owned by a business used by
employees
✔✔4. Hired and Borrowed Autos - ✔✔an auto rented or used in a business that is not
owned by the business
✔✔4. Contractual Liability - ✔✔Liability arising out of the rental of a vehicle and hold
harmless agreements
✔✔4. Bailee Loss Exposure - ✔✔liability for damage to autos temporarily left in the
business' custody
, ✔✔4. auto - ✔✔Land motor vehicle, trailer, semi-trailer, designed for travel on public
roads, and land vehicle subject to motor vehicle insurance law, excluding mobile
equipment
✔✔4. out-of-state coverage extension - ✔✔we will pay up to any compulsory or financial
responsibility limit required in any other state or Canadian province where the auto is
used, even if higher than your limit
✔✔4. Physical Damage Coverage - ✔✔covers property loss exposures for owned autos
and liability loss exposures for non-owned autos
✔✔4. Rental Reimbursement Coverage - ✔✔This pays for an individual's expenses, up
to the limit on their policy, to rent a vehicle if they have a covered comprehensive or
collision loss.
✔✔4. Employees as Insureds Endorsement - ✔✔extends liability coverage to the
insureds employees using their own autos on the insureds behalf. Pays in excess of
what the employee can collect under his own policy
✔✔4. Employee Hired auto Endorsement - ✔✔cover employees who rent vehicles in
their own names while performing business duties for the insured
✔✔4. Stated Amount insurance - ✔✔caps the insurer's liability for physical damage loss
at the specific amount
✔✔4. Uninsured and Underinsured Motorists Coverage - ✔✔pays damages for BI to
which any covered person is legally entitled due to an accident with an uninsured or
underinsured vehicle
✔✔4. Personal Injury Protection (PIP) - ✔✔provide first party benefits for medical
expense, lost income, lost services, and funeral expenses resulting from BI to
occupants of a covered auto due to an auto accident.
✔✔4. Individual Named Insured - ✔✔provides full - primary - personal auto coverage for
the named individual and his family
✔✔4. Drive-other-car -- Broadened Coverage for Named Insured Individuals -
✔✔provides excess liability insurance for the Person named in the endorsement and his
spouse while using autos they do not own.
✔✔5. Garage Coverage Form - ✔✔The coverage form, filed by ISO, that covers the
commercial auto and general liability exposures of auto and trailer dealers.
