CPCU
552 Exam Questions With Correct Answers
/ / / / / /
Which
/one
/of
/these
/is
/not
/an
/example
/of /
a
/coverage
/that
/is
/excluded
/under
/Coverage /
A /of /the /CGL /coverage /form /because /it /is /insured /under /another /policy? /- /verified /answer(s)-
✔✔Liquor
/liability
/(Liquor
/liability
/is
/not
/an
/example
/of /
a
/coverage
/that
/is
/excluded
/under /Coverage /A /of /the /CGL /coverage /form /because /it /is /insured /under /another /policy.
,An
/endorsement
/that
/eliminates
/the
/liquor
/liability
/exclusion
/and
/provides
/coverage
/for
/organizations
/in
/the
/business
/of
/selling
/or
/serving
/alcoholic /beverages /is /an /example /of /which /type /of /endorsement? /- /verified /answer(s)-
✔✔Miscellaneous /coverage /amendment /endorsement /(
Which
/one
/of
/the
/following
/is
/true
/regarding
/the
/Commercial
/General /Liability's /(CGL's) /unmanned /aircraft /coverage /endorsements? /- /verified /answer(s)-
✔✔Premium /for /these /endorsements /is /on /a /"refer /to /company" /basis.
,Jill,
/who
/is
/the
/named
/insured /on /an /unendorsed /Business /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.
/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? /- /verified /answer(s)-
✔✔$0
, /(An
/employee /of /the /insured /is /not /an /insured /if /the /covered /auto /is /owned /by /the /employee.
An
/auto
/dealer
/advertises
/that /
a
/new
/vehicle
/is
/available
/for
/$18,000
/with
/no
/down
/payment
/and
/an
/interest
/rate
/of /
1
/percent. /
A
/customer
/attempts
/to
/purchase
/the
/vehicle,
/but
/is
/told
/that
552 Exam Questions With Correct Answers
/ / / / / /
Which
/one
/of
/these
/is
/not
/an
/example
/of /
a
/coverage
/that
/is
/excluded
/under
/Coverage /
A /of /the /CGL /coverage /form /because /it /is /insured /under /another /policy? /- /verified /answer(s)-
✔✔Liquor
/liability
/(Liquor
/liability
/is
/not
/an
/example
/of /
a
/coverage
/that
/is
/excluded
/under /Coverage /A /of /the /CGL /coverage /form /because /it /is /insured /under /another /policy.
,An
/endorsement
/that
/eliminates
/the
/liquor
/liability
/exclusion
/and
/provides
/coverage
/for
/organizations
/in
/the
/business
/of
/selling
/or
/serving
/alcoholic /beverages /is /an /example /of /which /type /of /endorsement? /- /verified /answer(s)-
✔✔Miscellaneous /coverage /amendment /endorsement /(
Which
/one
/of
/the
/following
/is
/true
/regarding
/the
/Commercial
/General /Liability's /(CGL's) /unmanned /aircraft /coverage /endorsements? /- /verified /answer(s)-
✔✔Premium /for /these /endorsements /is /on /a /"refer /to /company" /basis.
,Jill,
/who
/is
/the
/named
/insured /on /an /unendorsed /Business /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.
/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? /- /verified /answer(s)-
✔✔$0
, /(An
/employee /of /the /insured /is /not /an /insured /if /the /covered /auto /is /owned /by /the /employee.
An
/auto
/dealer
/advertises
/that /
a
/new
/vehicle
/is
/available
/for
/$18,000
/with
/no
/down
/payment
/and
/an
/interest
/rate
/of /
1
/percent. /
A
/customer
/attempts
/to
/purchase
/the
/vehicle,
/but
/is
/told
/that
