Commercial Casualty II: Questions And Accurate
Solutions
How to modify Fellow Employee Coverage Exclusion: Right Ans -
Individual Named Insured, Fellow Employee Coverage, Fellow Employee
Coverage for Designated Employees/Positions
Fellow Employee Coverage Right Ans - Provides Bodily Injury to any fellow
employee while performing Business. Not covered by Business Auto .
Out-of-State Coverage Extensions: Right Ans - Increases Liability limits to
meet State Limits.
Provides minimum limits for other state limits.
Supplementary Payments Right Ans - 1. All expenses we incur
2. Up to $2,000 bail bonds
3. Bonds to release attachments to a suit
4. All reasonable expenses ($250/day for work)
5. Taxes in any suit
6. Interest incurred in suit
Covered Pollution Cost of exposure does NOT include: Right Ans - Actual
discharge/dispersal that:
- are being transported/handled onto the auto
-being stored in the auto
-after delivery
-a car overturns
as a result of maintenance of vehicle
Covered Pollution Cost or Expense: Right Ans - Covers for any requirement
to test, monitor, clean up, remove, contain, treat, or assess pollutants.
Any suit for governmental authority for damages because of testing, treating,
response, etc.
Covers pollutants that are needed for equip operation.
Provides Coverage for businesses that transport materials, commodities &
goods of others: Right Ans - Truckers & Motor Carrier
, First Named Insured Right Ans - -Can cancel policy
-Receives notice of Cancellation
-Authorized to make changes
-Responsible for premium payment
-Payee for return premiums
Automatic Coverage on newly acquired autos of same type for remainder of
the policy period: Right Ans - Symbols 1-6, 19
Auto Symbol 19 Right Ans - Mobile equipment subject to compulsory or
financial responsibility or other motor vehicle insurance law only.
Trigger liability coverage for land vehicles
Makes no reference to ownership of vehicle
Auto Symbol 8 Right Ans - Hire autos only
Does not include employee, partners or members of household.
Liability/Phys dam
Auto Symbol 9 Right Ans - Non owned Autos only
Includes autos owned by employees, partner, or members of household but
only while used in your business or personal affairs.
This is an exposure for employees-approach by adding Employees as
Insureds.
Auto Symbol 10 Right Ans - Allows for negotiated description of covered
autos to meet a particular need of the named insured.
Not a part of Bus. Auto. Coverage Form
Auto Symbol 7 Right Ans - Specifically described autos.
Liability, phys dam, Medpay, UM/IUM
Auto Symbol 6 Right Ans - Owned autos subject to a compulsory UIM law.
Not to be used where UIM/UM can be rejected.
Auto Symbol 5 Right Ans - Owned autos subject to no-fault
Refers to autos owned and for a particular coverage required by the state.
Not to be used where no-fault coverage is optional or can be rejected
Solutions
How to modify Fellow Employee Coverage Exclusion: Right Ans -
Individual Named Insured, Fellow Employee Coverage, Fellow Employee
Coverage for Designated Employees/Positions
Fellow Employee Coverage Right Ans - Provides Bodily Injury to any fellow
employee while performing Business. Not covered by Business Auto .
Out-of-State Coverage Extensions: Right Ans - Increases Liability limits to
meet State Limits.
Provides minimum limits for other state limits.
Supplementary Payments Right Ans - 1. All expenses we incur
2. Up to $2,000 bail bonds
3. Bonds to release attachments to a suit
4. All reasonable expenses ($250/day for work)
5. Taxes in any suit
6. Interest incurred in suit
Covered Pollution Cost of exposure does NOT include: Right Ans - Actual
discharge/dispersal that:
- are being transported/handled onto the auto
-being stored in the auto
-after delivery
-a car overturns
as a result of maintenance of vehicle
Covered Pollution Cost or Expense: Right Ans - Covers for any requirement
to test, monitor, clean up, remove, contain, treat, or assess pollutants.
Any suit for governmental authority for damages because of testing, treating,
response, etc.
Covers pollutants that are needed for equip operation.
Provides Coverage for businesses that transport materials, commodities &
goods of others: Right Ans - Truckers & Motor Carrier
, First Named Insured Right Ans - -Can cancel policy
-Receives notice of Cancellation
-Authorized to make changes
-Responsible for premium payment
-Payee for return premiums
Automatic Coverage on newly acquired autos of same type for remainder of
the policy period: Right Ans - Symbols 1-6, 19
Auto Symbol 19 Right Ans - Mobile equipment subject to compulsory or
financial responsibility or other motor vehicle insurance law only.
Trigger liability coverage for land vehicles
Makes no reference to ownership of vehicle
Auto Symbol 8 Right Ans - Hire autos only
Does not include employee, partners or members of household.
Liability/Phys dam
Auto Symbol 9 Right Ans - Non owned Autos only
Includes autos owned by employees, partner, or members of household but
only while used in your business or personal affairs.
This is an exposure for employees-approach by adding Employees as
Insureds.
Auto Symbol 10 Right Ans - Allows for negotiated description of covered
autos to meet a particular need of the named insured.
Not a part of Bus. Auto. Coverage Form
Auto Symbol 7 Right Ans - Specifically described autos.
Liability, phys dam, Medpay, UM/IUM
Auto Symbol 6 Right Ans - Owned autos subject to a compulsory UIM law.
Not to be used where UIM/UM can be rejected.
Auto Symbol 5 Right Ans - Owned autos subject to no-fault
Refers to autos owned and for a particular coverage required by the state.
Not to be used where no-fault coverage is optional or can be rejected
