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RMIN 4000 UGA test 3 Questions and Correct Answers | Latest Update

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  • Course
  • RMIN 4000
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  • RMIN 4000

Auto Insurance -:- -6 or 12 month policy -premiums usually paid monthly or quarterly 5 general types of auto coverage -:- 1. liability 2. damage 3. uninsured motorist 4. medical payments 5. convenience coverage Personal Auto Policy (PAP) -:- --3rd party coverages (payments to some...

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  • September 20, 2024
  • 46
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • RMIN 4000
  • RMIN 4000
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2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




RMIN 4000 UGA test 3 Questions and
Correct Answers | Latest Update
Auto Insurance


✓ -:- -6 or 12 month policy

✓ -premiums usually paid monthly or quarterly




5 general types of auto coverage


✓ -:- 1. liability

✓ 2. damage

✓ 3. uninsured motorist

✓ 4. medical payments

✓ 5. convenience coverage




Personal Auto Policy (PAP)


✓ -:- --3rd party coverages (payments to someone else):

•Part A: Liability Coverage (required by state)


--1st party coverages (payments to you):


•Part B: Medical Payments Coverage


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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



•Part C: Uninsured Motorists Coverage


•Part D: Coverage for Damage to Your Auto


--Other provisions:


•Part E: Duties after an Accident or Loss


•Part F: General Provisions




What vehicles are covered?


✓ -:- •Any vehicle shown in the declarations

•A newly acquired vehicle (notify insurer ASAP, definitely within 14 days)


•A trailer owned by the named insured


•A temporary substitute vehicle, which is a non-owned auto or trailer used temporarily

because of mechanical breakdown, repair, servicing, loss, or destruction of a covered vehicle




damage coverage


✓ -:- damage to your vehicle




uninsured motorist coverage




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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- 3rd party without insurance causes BI to you or your passengers




medical payments coverage


✓ -:- BI to you or your passengers




Convenience Coverage


✓ -:- towing, rental reimbursement, etc.




Part A: Liability Coverage


✓ -:- •Required by state law

•There is a duty to own, maintain and operate your vehicle in a manner that does not injure

others or damage their property.


•If you fail in that duty - even accidentally - you are responsible for injuries / damages to

others.


•Insuring agreement- insurer pays any damages for PI or BD for which any insured is legally

responsible because of an auto accident




Part A: Who is covered?


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, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- •The named insured and any resident family member

•Any person using the named insured's covered auto with permission


•Any person or organization legally responsible for any insured's use of a covered auto on

behalf of that person or organization


oEx: Employer is sued if you get in an accident while on a work trip


oDoes not apply if you're driving a company car




Part A: Relevant Exclusions


✓ -:- •Intentional injury or damage

•Property owned or transported by the insured


•Property rented, used, or in the insured's care


•Use as a public or livery conveyance


•Using a vehicle without reasonable belief the person is entitled to do so


•Vehicle with fewer than four wheels


•Vehicle furnished for the named insured's regular use




Part A: Limits




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