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CPCU 552 Exam Study Guide: Insurance Coverage Definitions and Endorsements, Exams of Social Sciences

United States International UniversitySocial Sciences

A study guide for the cpcu 552 exam, focusing on insurance coverage definitions and endorsements. It includes key terms, symbols, and endorsements related to business auto coverage, garagekeepers coverage, and motor carrier coverage. The guide provides answers to specific questions related to coverage types, exclusions, and conditions, making it a useful resource for understanding complex insurance concepts. It also covers various endorsements and their applications, such as 'employees as insureds' and 'broad form products coverage', offering insights into real-world scenarios and their implications. This study guide is designed to help students and professionals prepare for the cpcu 552 exam by providing a structured overview of essential insurance topics.

Typology: Exams

2025/2026

Available from 12/19/2025

ROCKY-B
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CPCU 552 STUDY GUIDE
BACF Symbol 1
ADCF Symbol 21
MCCF Symbol 61 - Answer -Any Auto
BACF Symbol 2
ADCF Symbol 22
MCCF Symbol 62 - Answer -Owned Autos Only
BACF Symbol 3
ADCF Symbol 23
MCCF Symbol 63 - Answer -Owned Private Passenger Autos Only
BACF Symbol 4
ADCF Symbol 24
MCCF Symbol 64 - Answer -Owned Autos Other Than Private Passenger Autos Only
BACF Symbol 5
ADCF Symbol 25
MCCF Symbol 65 - Answer -Owned Autos Subject To No-fault
BACF Symbol 6
ADCF Symbol 26
MCCF Symbol 66 - Answer -Owned Autos Subject To A Compulsory Uninsured
Motorists Law
BACF Symbol 7
ADCF Symbol 27
MCCF Symbol 67 - Answer -Specifically Described Autos
BACF Symbol 8
ADCF Symbol 28
MCCF Symbol 68 - Answer -Hired Autos Only
BACF Symbol 9
MCCF Symbol 71 - Answer -Non-owned Autos Only
BACF Symbol 19
MCCF Symbol 79 - Answer -Mobile Equipment Subject To Compulsory Or Financial
Responsibility Or Other Motor Vehicle Insurance Law Only
ADCF Symbol 30 - Answer -Garagekeepers Coverage
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CPCU 552 STUDY GUIDE

BACF Symbol 1 ADCF Symbol 21 MCCF Symbol 61 - Answer - Any Auto BACF Symbol 2 ADCF Symbol 22 MCCF Symbol 62 - Answer - Owned Autos Only BACF Symbol 3 ADCF Symbol 2 3 MCCF Symbol 63 - Answer - Owned Private Passenger Autos Only BACF Symbol 4 ADCF Symbol 24 MCCF Symbol 64 - Answer - Owned Autos Other Than Private Passenger Autos Only BACF Symbol 5 ADCF Symbol 25 MCCF Symbol 65 - Answer - Owned Autos Subject To No-fault BACF Symbol 6 ADCF Symbol 26 MCCF Symbol 66 - Answer - Owned Autos Subject To A Compulsory Uninsured Motorists Law BACF Symbol 7 ADCF Symbol 27 MCCF Symbol 67 - Answer - Specifically Described Autos BACF Symbol 8 ADCF Symbol 28 MCCF Symbol 68 - Answer - Hired Autos Only BACF Symbol 9 MCCF Symbol 71 - Answer - Non-owned Autos Only BACF Symbol 19 MCCF Symbol 79 - Answer - Mobile Equipment Subject To Compulsory Or Financial Responsibility Or Other Motor Vehicle Insurance Law Only ADCF Symbol 30 - Answer - Garagekeepers Coverage

ADCF Symbol 31 - Answer - Physical Damage Coverage for Dealers' Autos MCCF Symbol 69 - Answer - Trailers in Your Possession Under a Written Trailer or Equipment Interchange Agreement MCCF Symbol 70 - Answer - Your Trailers in the Possession of Anyone Else Under a Written Trailer Interchange Agreement BACF Endorsement "Employees as Insureds" - Answer - To cover employees while driving their own cars on the named insured's business. BACF Endorsement "Employee Hired Autos" - Answer - To cover employees while operating autos rented in an employee's name while on the named insured's business. BACF Endorsement "Individual Named Insured" - Answer - To supplement business auto coverage with coverages comparable to those of the Personal Auto Policy. BACF Endorsement "Drive Other Car--Broadened Coverage for Named Individuals" - Answer - To cover these persons (and their spouses) while they are driving autos they rent or borrow from others (other than the covered autos they are provided by their employer). ADCF Endorsement "Broad Form Products Coverage" - Answer - Deletes exclusion for defective products. Typically recoverable through subrogation against manufacturer. $500 deductible ADCF Endorsement "Dealers Driveway Collision Coverage" - Answer - Extends coverage past the 50 mile exclusion. ADCF Endorsement "False Pretense Coverage" - Answer - Deletes exclusion and agrees to pay for loss as a result of the named insured's (1) being tricked into voluntarily parting with an auto or (2) acquiring an auto from a seller who did not have legal title. $25,000 limit per loss caused by any one person within any one year of the policy period. ADCF Endorsement "Customer Complaint Legal Defense Coverage" - Answer - Provides coverage for complaints or suits related to the sale, service, or repair of an auto that occurred in the operations of the named insured. The claim must be made within the policy period. MCCF : "power units" or "rigs" - Answer - Truck-tractors MCCF: "deadheading" - Answer - Returning with an empty trailer.