Limits of Liability Flashcards
1
Q
Split Limits are as defined
A
1st- bodily injury to anyone person
2nd- bodily injury to all person injured in a single accident
3rd- property damage in a single accident
EX: 22/50/25
2
Q
bodily injury and property damage combined resulting from one accident
A
combined single limit (CSL)
3
Q
proof of financial responsibility is required where?
A
in auto policies in most states
4
Q
auto insurance is tied to what?
A
the vehicle
5
Q
auto policies use designations symbols to indicate what?
A
the type of auto covered
