Chapter 10 - Commercial Auto

Question 1

What is Symbol 1?

Answer 1

Any Auto used in Insured Business, regardless of ownership

Question 2

What is Symbol 2?

Answer 2

Owned Autos Only, do not need to be listed

Question 3

What is Symbol 3?

Answer 3

Owned Private Passenger Autos

Question 4

What is Symbol 4?

Answer 4

Owned Autos, other than private passenger

Question 5

What is Symbol 5?

Answer 5

Owned Autos Subject to No Fault Laws

Question 6

What is Symbol 6?

Answer 6

Owned Autos Subject to a Complulsory Uninsured Motorist Law

Question 7

What is Symbol 7?

Answer 7

Specific described vehicles listed on the dec pages

Question 8

What is Symbol 8?

Answer 8

Hired Autos Only

Question 9

What is Symbol 9?

Answer 9

Non-owned autos only

Question 10

What is Symbol 19?

Answer 10

Mobile Equipment that needs to be licensed and registered to be operated on public roadways.

Question 11

What are the BA sections?

Answer 11

I - Covered Autos
II - Liability 
III - Physical Damage 
IV - BA Conditions
V - Definitions

Question 12

Define Specified Causes of Loss

Answer 12

Part of Section II - Covers for the following Named Perils: fire, lightning, explosion, theft, windstorm, hail, or earthquake, flood, VMM. If other perils are needed, comp needs to be purchased

Question 13

What is the purpose of the Garage Coverage Form?

Answer 13

Provide auto liability and PD coverage for businesses that are engaged in the sale, service, and parking or storage of automobiles.

Question 14

What are the parts of the Garage Coverage Form?

Answer 14

Section I - Covered Autos
Section II - Liability
Section III - Garagekeepers Coverage
Section IV - Physical Damage

Question 15

Describe Section III of Garage Coverage Form?

Answer 15

Provides comp, special causes of loss, or collision to vehicles in the Insured’s care

Question 16

Describe Section IV of the Garage Coverage Form?

Answer 16

Provides physical damage coverage to owned autos in the same manner the business auto coverage form does

Question 17

Symbols 1 - 9 are equivalent to which Garage Coverage Form Symbols?

Answer 17

Symbols 21 - 29

Question 18

What is Symbol 30 and 31?

Answer 18

30 - autos left with the insured for repair/storage

31 - dealers autos physical damage coverages

Question 19

Is the Garage Coverage Form written on a Aggregate, Blanket, or Scheduled limit?

Answer 19

Blanket

Question 20

What are the 5 symbols that can be used in the BA PD Coverage Form?

Answer 20

Symbol 1 - 3, Symbol 7 & y

Question 21

What is the MCS - 90?

Answer 21

Provides evidence of financial responsibility and must be carried on all motor carriers