Lesson 5 - Automobile

Question 1

Most common type of auto contract used throughout the US

Answer 1

Personal Auto Policy

Question 2

When other persons are automatically covered as additional insureds under the PAP without notice to insurer

Answer 2

Omnibus Clause

Question 3

Oldest type of residual market plans that provide auto coverage for drivers unable to get coverage in voluntary market

Answer 3

Automobile Insurance Plan/Assigned Risk Plan

Question 4

Three Commercial Auto Coverage Form

Answer 4

1) Business Auto Coverage Form
2) Garage Coverage Form
3) Truckers Coverage Form

Question 5

Losses not covered by garage keeper’s coverage

Answer 5

1) Theft by insider
2) Contractual Liability
3) Products or work loss
4) Sound reproducing/receiving equipment
5) War/Rebellion losses

Question 6

Provides coverage for non-trucking use when truck-tractor is not utilized to carry/haul trailers of others

Answer 6

Bobtail endorsement

Question 7

Endorsement that modifies insurance under the Garage Coverage Form

Answer 7

Broad Form Products Coverage

Question 8

Endorsement for Motor Carrier Policies of Insurance for Public Liability

Answer 8

Form MCS-90