Chapter 10 Comerical Auto Coverage Flashcards
What’s the least restrictive auto symbol?
Symbol 1 any auto used in the insureds business
What’s the most restrictive auto symbol
Symbol 7 specifically described vehicles listed in the declarations
What’s a common carrier ?
Business or organization that carry persons or property for a fee, the property belongs to the general public
Whats a contract carrier ?
A business or organization that carries persons or property for a fee, the persons or property is customer specific, carrier can refuse a contract
What does the truckers coverage form do?
Covers buiness exposures of motor carriers that transport goods
What does the truckers coverage form do?
Covers buiness exposures of motor carriers that transport goods
What’s section I of the garage keepers coverage form?
Section I is covered Auto’s
What’s section II of the garage coverage form?
Section II is liability coverage
What coverage form can contract carriers use ?
Only the motor carrier coverage form
What did the motor carrier act of 1980 do ?
Deregulated the trucking industry
Does comprehensive coverage cover collision?
No