CIP 130 Study 9: automobile insurance
Questions and Answers.
Uninsured motorist - Answer One who drives an automobile without the statutory minimum
required insurance; usually discovered after an accident
Underinsured motorist - Answer A motorist who does not carry enough liability insurance;
usually this is established after a loss
Defendant - Answer In civil matters, the person or organization that is being sued
Third-party liability insurance (automobile) - Answer Covers an insured of her car injured
someone else or damages property and she is held in legally responsible. In some parts of the
country , this is referred to as "section a"
accident benefits - Answer Indemnity provided to an insurers on a first-party basis towards
the cost of medical and rehabilitative care for the treatment and recovery of injuries arising out
of the use or operation of an insurers automobile. Accident benefits may include provisions for
the partial reimbursement of wage loss and home care expenses. Such benefits may also
include funeral expenses and survivors be if it's in the event of a loss that involves an insureds
fatality
At fault - Answer When an insured is held legally liable for damage or injury (a term usually
used in automobile or casualty insurance) a concept used in direct compensation in determining
the degree of liability and amount of compensation
collision - Answer The act of striking against something with force. The impact of a moving
body; for example, a vehicle, vessel, or rail with another or with a fixed object in or upon the
ground
Drivers fault chart - Answer A set of accident scenarios to determine fault or liability between
drivers involved in an accident and the compensation payable. It takes into account the highway
traffic code and case law.
Facility Association - Answer An entity established by the Canadian automobile insurance
industry to ensure that automobile insurance is available to all owners and licensed drivers of
motor vehicles where such owners or drivers are unable to obtain automobile insurance
through the voluntary insurance market
Rate manual - Answer A manual containing rates and underwriting rules for use by a
companies staff, agents, and/or brokers
Questions and Answers.
Uninsured motorist - Answer One who drives an automobile without the statutory minimum
required insurance; usually discovered after an accident
Underinsured motorist - Answer A motorist who does not carry enough liability insurance;
usually this is established after a loss
Defendant - Answer In civil matters, the person or organization that is being sued
Third-party liability insurance (automobile) - Answer Covers an insured of her car injured
someone else or damages property and she is held in legally responsible. In some parts of the
country , this is referred to as "section a"
accident benefits - Answer Indemnity provided to an insurers on a first-party basis towards
the cost of medical and rehabilitative care for the treatment and recovery of injuries arising out
of the use or operation of an insurers automobile. Accident benefits may include provisions for
the partial reimbursement of wage loss and home care expenses. Such benefits may also
include funeral expenses and survivors be if it's in the event of a loss that involves an insureds
fatality
At fault - Answer When an insured is held legally liable for damage or injury (a term usually
used in automobile or casualty insurance) a concept used in direct compensation in determining
the degree of liability and amount of compensation
collision - Answer The act of striking against something with force. The impact of a moving
body; for example, a vehicle, vessel, or rail with another or with a fixed object in or upon the
ground
Drivers fault chart - Answer A set of accident scenarios to determine fault or liability between
drivers involved in an accident and the compensation payable. It takes into account the highway
traffic code and case law.
Facility Association - Answer An entity established by the Canadian automobile insurance
industry to ensure that automobile insurance is available to all owners and licensed drivers of
motor vehicles where such owners or drivers are unable to obtain automobile insurance
through the voluntary insurance market
Rate manual - Answer A manual containing rates and underwriting rules for use by a
companies staff, agents, and/or brokers
