CISR: Insuring personal Auto exposures || Correct Answers 100%.
Structure of PAP Policy correct answers 1. Declarations
2. Agreement
3. Definitions
4. part A -liability coverage
5. Part B-medical payments coverage/personal injury protection
6. Part C-uninsured/underinsured motorist coverage
7. Part D-coverage for damage to your auto
8. Part E-duties after an accident or loss
9. part F-general provisions
What is included on the Dec page? correct answers Name of the insurance company providing
coverage
policy number policy
Named insured to whom the policies was issued
named insured mailing address
vehicle garaging address
vehicles insured including VIN
coverage provided
deductible for collision and other than collision name of loss payee
policy forms and endorsements
What does the declaration page signify? correct answers Signifies the who, what, and when a
client has coverage
Endorsements correct answers May I add or change definitions and may also brought in restrict
or clarify coverage through a policy
, What factors are used to determine a client eligibility for a PAP? correct answers Ownership,
type of vehicle and usage
What are the different types of ownerships under which a personal auto policy may be issued?
correct answers Individually owned autos, jointly owned autos, trust owned autos, and non-
owned autos
What are the different types of autos eligible for a personal auto policy? correct answers Private
passenger autos, some trucks and vans with a GVWR rating less than 10,000 pounds, trailers,
And miscellaneous vehicles
What are the different types of jointly owned autos that are eligible for coverage? correct
answers Related and live in the same household, related and live in different household, not
related and live in the same household
(The joint ownership coverage endorsement must be used one to individuals Jointly owned an
automobile)
Principle of Utmost Good Faith correct answers Used an insurance contracts and legally obliges
all parties of a contract to act honestly and not miss lead or withhold critical information from
one another
What are the two obligations of an insured for the ensuring agreement? correct answers Pay the
policy premium and comply with all conditions of the policy
YOU and YOUR correct answers The named insured listed in the declarations, and the spouse if
a resident of the same household. The named insured should always be the person or persons to
whom the vehicle is titled and registered, unless it's a leased vehicle.
What happens when a spouse/partner is not named in the declarations page and they are no
longer a resident of the same household correct answers The spouse is no longer a resident, they
Structure of PAP Policy correct answers 1. Declarations
2. Agreement
3. Definitions
4. part A -liability coverage
5. Part B-medical payments coverage/personal injury protection
6. Part C-uninsured/underinsured motorist coverage
7. Part D-coverage for damage to your auto
8. Part E-duties after an accident or loss
9. part F-general provisions
What is included on the Dec page? correct answers Name of the insurance company providing
coverage
policy number policy
Named insured to whom the policies was issued
named insured mailing address
vehicle garaging address
vehicles insured including VIN
coverage provided
deductible for collision and other than collision name of loss payee
policy forms and endorsements
What does the declaration page signify? correct answers Signifies the who, what, and when a
client has coverage
Endorsements correct answers May I add or change definitions and may also brought in restrict
or clarify coverage through a policy
, What factors are used to determine a client eligibility for a PAP? correct answers Ownership,
type of vehicle and usage
What are the different types of ownerships under which a personal auto policy may be issued?
correct answers Individually owned autos, jointly owned autos, trust owned autos, and non-
owned autos
What are the different types of autos eligible for a personal auto policy? correct answers Private
passenger autos, some trucks and vans with a GVWR rating less than 10,000 pounds, trailers,
And miscellaneous vehicles
What are the different types of jointly owned autos that are eligible for coverage? correct
answers Related and live in the same household, related and live in different household, not
related and live in the same household
(The joint ownership coverage endorsement must be used one to individuals Jointly owned an
automobile)
Principle of Utmost Good Faith correct answers Used an insurance contracts and legally obliges
all parties of a contract to act honestly and not miss lead or withhold critical information from
one another
What are the two obligations of an insured for the ensuring agreement? correct answers Pay the
policy premium and comply with all conditions of the policy
YOU and YOUR correct answers The named insured listed in the declarations, and the spouse if
a resident of the same household. The named insured should always be the person or persons to
whom the vehicle is titled and registered, unless it's a leased vehicle.
What happens when a spouse/partner is not named in the declarations page and they are no
longer a resident of the same household correct answers The spouse is no longer a resident, they
