CPCU® 552 Practice Exam Questions
The CPCU® 552 exam questions are tough. The CPCU® 552 exam consists of 75 multiple choice questions broken up into two sections, part A and part B.
Let’s look at an example of a Part A and Part B question. Below we will breakdown two sample questions, including an answer and full explanation, from the CPCU® 552 exam. These questions are written by AssociatePI, though we do not offer an CPCU® 552 course at this time I do recommend this study material from AB Training Center. This is the study material I use; it includes practice questions much like the question and explanations in this blog.
CPCU® 552 Sample Exam Questions – Part A
Which of the following best describes retention as a risk-financing technique?
- Generating funds to pay for losses
- Adding higher limits on an insurance policy
- Backing up important documents using an external hard drive
- Insuring both property and auto
Answer: A) Generating funds to pay for losses
Retention is the process of saving or setting aside funds to pay for a loss. This is needed if the loss is not fully covered by insurance.
CPCU® 552 Sample Exam Questions – Part B
Evan sells sports memorabilia through his e-commerce website. Evan is sued for slander, resulting in a $25,000 lawsuit, when his advertisement falsely accuses a major league baseball player of cheating. Which of the following would provide coverage for this loss under Evan’s commercial general liability policy?
- Coverage A
- Coverage B
- Coverage C
- This loss is not covered
Answer: D) This loss is not covered
This loss would not be covered under the commercial general liability policy. Media and internet businesses are specifically excluded under Coverage B of the commercial general liability policy.
Media or internet business – Coverage B of the commercial general liability form does not provide coverage for any media or internet business involved in advertising, broadcasting, publishing, telecasting, or designing an internet website or service. This type of business can be covered under a specialized policy.
On your exam, you will be given a scenario like the one seen above; it is your job to understand what is being asked of you and how to solve or recommend a solution to the scenario.
Free Practice Exam
Ready to get started studying? We’re here to help (for free). Download our free CPCU® 552 practice exams to get a feel for the type of questions you will see on the exam.
For more information about the CPCU® 552 exam, checkout some of our other free resources:
- CPCU® 552 exam questions
- CPCU® 552 exam format
- CPCU® 552 exam difficulty
- CPCU® 552 flash cards
- CPCU® 552 passing grade
- CPCU® 552 Q&A
- CPCU® Designation Overview
- CPCU® Exam Pass Rates
Difficulty rank, importance rank, and the advice provided in this resource are solely the opinion of AssociatePI. This resource is intended to provide you with a general idea of where your focus should be. Each exam administered by The Institutes is different. AssociatePI is not affiliated with The Institutes or involved in the exam writing process. Please be sure to thoroughly study every chapter and every topic of this course.
CPCU® 552 exams are administered by the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI does not administer the actual exams, we are an independent resource of free content, advice, and study material for professional insurance education. This blog is intended for informational purposes only, to inform prospective students of the benefit of the CPCU® 552 designation.
CPCU®, ARM™ and API™ are trademarks of the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI LLC is not affiliated with, associated with, endorsed by or otherwise supported or recognized by The Institutes in any way. AssociatePI LLC is not authorized by The Institutes to offer courses, practice examinations, or any other resources related to the Institutes’ designations or other programs.
For further information, please email firstname.lastname@example.org.