Motorists coverage - Study guides, Class notes & Summaries

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

CMP 101 Final EXAM QUESTIONS WIT REVISED ANSWERS What is an EMR? - Answer--Simply speaking your EMR compares your workers' compensation claims experience to other employers of similar size operating in the same type of business. -Most employers who have an annual premium in excess of $3,000 will receive an Experience Mod. What the number means - Answer--If you are at the industry average, your EMR is a 1.0. -If your experience is 20% better than average, your EMR would be a .80. If 20%...

PSI Personal Lines Insurance final exam Question and Answers Loss of a CD player installed in the vehicle dashboard Which of the following may be covered under the physical damage insuring agreement of a personal auto policy? Loss of a CD player installed in the vehicle dashboard, damage to the vehicle caused by an engine failure, theft of a CB radio, all of the above Large limbs and branches of a tree that have fallen onto the street as a result of a windstorm the injured collides wi...

Personal Auto Policy - Answer-Part A: Liability Coverage Part B: Medical Payments Coverage Part C: Uninsured Motorists Coverage Part D: Coverage for Damage to Your Auto Part E: Duties After an Accident or Loss Part F: General Provisions You and Your - Answer-The named insured listed in the declarations, and the spouse if a resident of the same household. The named insured should always be the person or persons to whom the vehicle is titled and registered Private Passenger Autos - Answ...

Michigan P & C Insurance Exam Test. Questions and answers. 100% Verified. Rated A Termination of Insurance for auto and home must be sent to last know address no later than - 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - 10 days PIP in auto insurance covers individual care from a family member for - a limit of $20 a day for three years limited collision - shall pay for collision damage to the insured vehicle without a...

Auto Insurance - ANSWER--6 or 12 month policy -premiums usually paid monthly or quarterly 5 general types of auto coverage - ANSWER-1. liability 2. damage 3. uninsured motorist 4. medical payments 5. convenience coverage Personal Auto Policy (PAP) - ANSWER---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 •Part C: Uninsured Motorists Coverage •Part D...

Casualty Pearson VUE Test bank 2023A private passenger auto policy may be canceled more than sixty days after the effective date for what reason? (i.e. drivers license status) Suspension of the insured's driver's license An insurance company may deny an employee's claim for Workers Compensation benefits if the employee was: drunk and caused the injury Under the automobile insurance plan (AIP), all of the following coverage's are available to the eligible owner of a private passe...

Arkansas Property and Casualty Exam Personal Auto Policy - correct answer Part A: Liability Coverage Part B: Medical Payments Coverage Part C: Uninsured Motorists Coverage Part D: Coverage for Damage to Your Auto Part E: Duties After an Accident or Loss Part F: General Provisions You and Your - correct answer The named insured listed in the declarations, and the spouse if a resident of the same household. The named insured should always be the person or persons to whom the vehicle is ti...

Defense Costs - •Defense costs can be huge. Good thing the Liability Section covers loss IN ADDITION to the policy limits. •This means that the costs of defense will not erode the coverage limits available for payment of claims. •But, the duty to defend ENDS when limits have been exhausted through actual payment of claims Part C: Why do we need this? - • A compulsory insurance law requires motorists to carry at least a minimum amount of liability insurance before the vehicle can be ...