Exam (elaborations)
AINS 102 Ch 2 Exam Questions with Solutions
- Course
- Institution
AINS 102 Ch 2 Exam Questions with Solutions
[Show more]
Seller
Follow
Victorious23
Reviews received
Content preview
AINS 102 Ch 2 Exam Questions withSolutions
The Agreement and Definitions page of the Personal Auto Policy (PAP)
includes
Select one:
A. The name and mailing address of the insured.
B. A general agreement stating the insurer's duty to pay damages and
defense costs subject to the terms of the policy.
C. The name of the insurer issuing the policy.
D. A general agreement stating that the insurer is providing the coverage
subject to payment of premium and to the terms of the policy. - -D. A
general agreement stating that the insurer is providing the coverage subject
to payment of premium and to the terms of the policy.
-The Schedule of Coverages indicates the coverage and limits that apply to
each listed auto, along with
Select one:
A. Each auto and trailer specifically listed.
B. The primary location of an insured auto.
C. The premium for each coverage.
D. Each auto and trailer's rating class. - -C. The premium for each coverage.
-Brendan and Sue were on a road trip along the coast of California, using
Sue's car. One day they were stuck in terrible traffic while Brendan was
driving. He became angry when another car merged in front of him. A few
minutes later, Brendan deliberately rammed into the car that had cut in front
of him, causing property damage to the other car. Both Brendan and Sure
were surprised to learn that Sue's Personal Auto Policy (PAP) would not cover
the claim. Which one of the following is the correct reason why Sue's PAP will
not pay the claim for property damage to the other car?
Select one:
A. Because the Part A insuring agreement excludes intentional harm.
B. Because Sue's PAP only covers property damage to her car.
C. Because Brendan's PAP should cover the claim.
D. Because Brendan, not Sue, was driving the car. - -A. Because the Part A
insuring agreement excludes intentional harm.
-The medical payments coverage in the Personal Auto Policy (PAP) applies to
Select one:
A. Any person occupying a covered auto.
B. Anyone occupying a car not owned by any insured but driven by an
insured.
, C. Any insured who is also covered by workers compensation for the same
accident.
D. Anyone injured in an accident involving an insured. - -A. Any person
occupying a covered auto.
-Miguel, an insured has a Personal Auto Policy (PAP) that includes medical
payments coverage. The insured crashed his car while trying to be the first
car to pull away from a stop at a red light when the light turned green. In this
scenario, Miguel
Select one:
A. Would be eligible for medical payments under the Personal Auto Policy
(PAP) because he wasn't caught speeding at the scene.
B. Would not be eligible for medical payments under the Personal Auto Policy
(PAP) if he was found at fault because of this accident.
C. Would be eligible for medical payments under the Personal Auto Policy
(PAP) as the named insured and an occupant of a covered auto.
D. Would not be eligible for medical payments under the Personal Auto Policy
(PAP) because he is being reckless. - -C. Would be eligible for medical
payments under the Personal Auto Policy (PAP) as the named insured and an
occupant of a covered auto.
-Li has a Personal Auto Policy (PAP) for his car with a $100,000 limit for
uninsured motorists (UM) coverage. He was injured in an accident with a
legally intoxicated uninsured motorist. Li submitted a UM claim to his insurer.
The case went to trial and Li was awarded $50,000 for medical bills, $10,000
for rehabilitation expenses, $5,000 for lost wages, and $10,000 for punitive
damages. How much can Li collect under the UM coverage of his PAP?
Select one:
A. $50,000
B. $55,000
C. $65,000
D. $75,000 - -C. $65,000
-Uninsured motorist (UM) coverage under the Personal Auto Policy (PAP)
does not apply to a claim that the insured settles without the insurer's
consent if such a settlement prejudices the insurer's right to recover
payment. In this context, "prejudice" means
Select one:
A. To put the insurer's interests ahead of the insured's interests.
B. To create rights where none existed before.
C. To form opinions before hearing all of the facts.
D. To injure or damage another party's rights. - -D. To injure or damage
another party's rights.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78998 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now