IDAHO REGULATIONS PERTINENT TO CASUALTY ONLY PART 2 6% EXAM PREP QUESTIONS AND ANSWERS

Proof of financial responsibility definition Is proof of ability to respond in Damages for liability on a kind of accidents occurring after the effective date of the proof of rising out of the ownership maintenance or use of a motor vehicle $25,000 for bodily injury for 1 individual $50,000 2 individuals $15,000 for injury you or destruction of property of others Vehicle owners most pay a bond with Director of I of at least $50,000 for any one accident, including $15,000 for property damage in lieu of obtaining insurance Persons required to show proof anyone Idaho must have proof of financial responsibility Penalty for non-compliance Failure to comply with the financial responsibility law is punishable by a fine of $75 for the first offense Second conviction in a period of five years is a misdemeanor punishable by a fine not exceeding $1,000 in addition any person who is convicted of violating this provision in the insurance code for the first time must provide and maintain proof of financial responsibility for the one-year period following the conviction Methods of satisfying financial responsibility 3 different limits on the declarations page Per-person limit - at least $25000 in this state Per occurrences limit - minimum required $50,000 Property damage limit - minimum required $15,000 Uninsured/under insured motorist coverage Uninsured motorist coverage (UM) - The insured may reject the coverage in writing Uninsured vehicle is defined as: * A vehicle that cannot comply with idaho s financial responsibility law * A hit and run vehicle * vehicle insured, but insurer bankrupt Mature driver Insurers are required to offer discounts for BI, PD, Medical Payments and collision coverage when principle Driver over 55 and has completed accident prevention course. Assigned risk plan Idaho requires insurers offering insurance in idaho to participate in the assigned risk plan The plan established it's own manual, rates, and applications. All members of the plan share the losses Workers compensation The burden of proof would be on the employer that pertinent disability does not exist. Injuries considered: * loss of sight * loss of both feet * Loss of both hands * loss of one foot and one hand * injury to the spine resulting in paralysis If injury or disease is compensate under workers exclusive remedy says employer can not be sued Employment class exempt * real estate brokers/agents primarily paid commission * taxi/limo drivers * casual employees * domestic servants * Employment covered by federal law * sole proprietors or partnerships School officials of athletic contests Rating The National Council on Compensation Insurance (NCCI) files workers compensation rates with the state on behalf of insurers. Comparative Negligence The court may direct a jury to make separate verdicts that determine the amount of Damages and the percentage of negligence or comparative responsibility attributed to each party. The court will then adjust the amount of Damages awarded based on the proportion of negligence.