CISR Commercial Casualty II Business
Auto Policy Exam 100% Correct.
5 Parts that make up the Business Auto Policy - ANSWER1. Common Policy
Declarations
2. Common Policy Conditions
3. Business Auto Declarations
4. Business Auto Coverage Forms
5. Endorsements
The Business Auto Coverage Form - ANSWERDesigned to provide coverage for
most Business Risks (Including auto service and auto repair)
The Motor Carrier Coverage Form - ANSWERDesigned for businesses that transport
materials, commodities, and goods for themselves as well as others
The Auto Dealers Coverage Form - ANSWERDesigned for auto dealers and similar
auto businesses
Exposures Covered by the Business Auto Coverage Form - ANSWER1. Liability for
the ownership, maintenance or use of covered autos - Owned, Non Owned (as
defined in the BAC form), Hired or borrowed (as defined in the BAC form)
2. Physical Damage for losses to covered autos - Owned or Hired or borrowed (as
defined in the BAC form)
- Comprehensive
- Specified causes of loss
- Collision
- Towing (Private passenger autos only)
Endorsement Coverages - ANSWERMedical Payments
Personal Injury Protection
Uninsured/Underinsured Motorist
Accident - ANSWERincludes continuous or repeated exposure to the same
conditions resulting in bodily Injury or property damage
Auto - ANSWER- A land motor vehicle; trailer or semitrailer
- Designed for Travel on public roads
- Land vehicle subject to compulsory or financial
responsibility or other motor vehicle insurance law
- Does NOT include mobile equipment as defined
Bodily Injury - ANSWERbodily injury, sickness or disease sustained by a person
including death resulting from any of these
Property Damage - ANSWERdamage to or loss of use of tangible property
, Insured - ANSWERany person or organization qualifying as an insured in the who is
an insured provision of the applicable coverage. Except with respect to the limit of
insurance, the coverage afforded applied separately to each insured who is seeking
coverage or against whom a claim or suit is brought
Insured Contract - ANSWER- a lease of premises
- a sidetrack agreement
- similar to the CGL policy definition (but without elevator
maintenance agreement) and includes Auto rental
agreements
- Auto rental agreements entered into as part of the named
insured's business by the named insured or by the named
insured's employee
- Does NOT include property damage to the rented/
leased auto Itself
Loss - ANSWER- direct and accidental loss or damage
- Definition is used for Physical Damage and does not
include loss of use
Pollutants - ANSWERany solid, liquid, gaseous, or thermal irritant or contaminant
including smoke, vapor, soot, fumes, acids, alkalis, chemicals, and waste. Waste
includes materials to be recycled, reconditioned, or reclaimed.
Trailer - ANSWERincludes semitrailer
Symbol 1 - ANSWER- Any Auto Liabililty*
- can only be used to provide liability coverage
- triggers liability coverage for ALL autos
- provided the broadest liability coverage possible
Symbol 2 - ANSWER- Owned "autos" only Liability
- Only those autos you own (and for covered autos liability coverage any trailers you
dont own while attached to power units you own). This includes those autos you
acquire ownership of after the policy begins
- Physical Damage
- Med pay
- UM/ UIM
Symbols - ANSWERThe business auto policy uses numerical symbols to designate
which autos are covered for the carious coverages provided by the policy. A symbol
must be on the Declaration page to trigger coverage
Symbols 2, 3, and 4 - ANSWER- Triggers coverage for autos owned at the inception
of the
policy as well as automatic coverage for autos (of the
same type) acquired during the policy period.
- Can be used to provide liability, medical payments,
UM/UIM, and physical damage coverage (towing and
Auto Policy Exam 100% Correct.
5 Parts that make up the Business Auto Policy - ANSWER1. Common Policy
Declarations
2. Common Policy Conditions
3. Business Auto Declarations
4. Business Auto Coverage Forms
5. Endorsements
The Business Auto Coverage Form - ANSWERDesigned to provide coverage for
most Business Risks (Including auto service and auto repair)
The Motor Carrier Coverage Form - ANSWERDesigned for businesses that transport
materials, commodities, and goods for themselves as well as others
The Auto Dealers Coverage Form - ANSWERDesigned for auto dealers and similar
auto businesses
Exposures Covered by the Business Auto Coverage Form - ANSWER1. Liability for
the ownership, maintenance or use of covered autos - Owned, Non Owned (as
defined in the BAC form), Hired or borrowed (as defined in the BAC form)
2. Physical Damage for losses to covered autos - Owned or Hired or borrowed (as
defined in the BAC form)
- Comprehensive
- Specified causes of loss
- Collision
- Towing (Private passenger autos only)
Endorsement Coverages - ANSWERMedical Payments
Personal Injury Protection
Uninsured/Underinsured Motorist
Accident - ANSWERincludes continuous or repeated exposure to the same
conditions resulting in bodily Injury or property damage
Auto - ANSWER- A land motor vehicle; trailer or semitrailer
- Designed for Travel on public roads
- Land vehicle subject to compulsory or financial
responsibility or other motor vehicle insurance law
- Does NOT include mobile equipment as defined
Bodily Injury - ANSWERbodily injury, sickness or disease sustained by a person
including death resulting from any of these
Property Damage - ANSWERdamage to or loss of use of tangible property
, Insured - ANSWERany person or organization qualifying as an insured in the who is
an insured provision of the applicable coverage. Except with respect to the limit of
insurance, the coverage afforded applied separately to each insured who is seeking
coverage or against whom a claim or suit is brought
Insured Contract - ANSWER- a lease of premises
- a sidetrack agreement
- similar to the CGL policy definition (but without elevator
maintenance agreement) and includes Auto rental
agreements
- Auto rental agreements entered into as part of the named
insured's business by the named insured or by the named
insured's employee
- Does NOT include property damage to the rented/
leased auto Itself
Loss - ANSWER- direct and accidental loss or damage
- Definition is used for Physical Damage and does not
include loss of use
Pollutants - ANSWERany solid, liquid, gaseous, or thermal irritant or contaminant
including smoke, vapor, soot, fumes, acids, alkalis, chemicals, and waste. Waste
includes materials to be recycled, reconditioned, or reclaimed.
Trailer - ANSWERincludes semitrailer
Symbol 1 - ANSWER- Any Auto Liabililty*
- can only be used to provide liability coverage
- triggers liability coverage for ALL autos
- provided the broadest liability coverage possible
Symbol 2 - ANSWER- Owned "autos" only Liability
- Only those autos you own (and for covered autos liability coverage any trailers you
dont own while attached to power units you own). This includes those autos you
acquire ownership of after the policy begins
- Physical Damage
- Med pay
- UM/ UIM
Symbols - ANSWERThe business auto policy uses numerical symbols to designate
which autos are covered for the carious coverages provided by the policy. A symbol
must be on the Declaration page to trigger coverage
Symbols 2, 3, and 4 - ANSWER- Triggers coverage for autos owned at the inception
of the
policy as well as automatic coverage for autos (of the
same type) acquired during the policy period.
- Can be used to provide liability, medical payments,
UM/UIM, and physical damage coverage (towing and
