Property & Casualty - PA - Personal Auto
Exam Questions With Correct Answers
Law |- |Vehicle |Financial |Responsibility |- |ANSWER-Requires |ALL |vehicles |to |be |covered |for |financial
|responsibility |(the |ability |to |respond |to |damages).
Minimum |Limits: |
Split |Limits |- |$15,000.00 |for |one |person |in |any |one |accident |/ |$30,000.00 |for |more |than |one |for |any
|one |accident |/ |$5,000.00 |for |property |damage |of |others |in |any |one |accident. |
Combined |Single |Limits |- |$35,000.00.
First |Party |Benefits |(Medical) |- |$5,000.00
Proof |of |financial |responsibility |required |at |all |times.
Eligibility |- |ANSWER-Ownership: |self |or |jointly |owned. |
Jointly |Owned: |Husband/wife, |2 |or |more |relatives, |2 |or |more |unrelated |required |to |live |together,
|individual |trust |owned. |
Auto: |Owned |or |leased |(6 |months |or |more): |Private |passenger, |pickups |or |van |- |gross |weight |of
|9,000lbs |or |less, |personal |or |incidental |business, |for |farming |or |ranching, |trailers.
Definitions |- |Family |Member |/ |Trailer |- |ANSWER-Family |Member |= |Who |is |a |resident, |no |age |limit. |
Trailer |= |Includes |farm |wagon.
Definitions |- |Newly |Acquired |Auto |- |ANSWER-Coverage: |begins |when |you |become |the |owner |as |long
|as |it |is |reported |it |as |required. |If |you |do |not |then |coverage |will |start |at |the |time |you |report |it. |
, Until |reported |to |the |insurer |- |always |falls |under |the |broadest |coverage |that |is |on |the |current |policy.
Liability |- |FPB |and |UM/UIM: |auto |must |be |acquired |during |policy, |must |report |within |14DAYS |for |an
|additional |auto |or |until |end |of |the |policy |period |for |a |replacement |auto. |
Collision |& |Other |than |Collision: |Current |coverage |on |policy |- |whether |additional |or |replacement
|14DAY |reporting |period. |
No |Current |coverage |- |4DAY |reporting |period |with |$500.00 |deductible.
Current |coverage |for |OTC |but |NOT |Collision |- |14DAY |reporting |period |for |OTC |and |4DAY |reporting
|period |for |Collision.
PART |A |- |Liability |Coverage |- |Insuring |Agreement |- |ANSWER-Pays |for |damages |for |injury |and |damage
|that |is |legal |obligation |of |insured. |
Duty |to |defend |- |until |limits |of |policy |paid. |
Defense |expenses |- |pays |in |addition |to |limits.
PART |A |- |Liability |Coverage |- |Who |Is |An |Insured |- |ANSWER-Named |insured, |resident |spouse |and
|family |member |(includes |trailers), |
Anyone |using |covered |vehicle, |
Anyone |using |for |liability |and |omissions |of |persons |insured, |
Other |than |your |covered |vehicle |- |anyone |for |legal |responsibility |for |acts |of |omission |of |named
|insured |or |family |member.
Exam Questions With Correct Answers
Law |- |Vehicle |Financial |Responsibility |- |ANSWER-Requires |ALL |vehicles |to |be |covered |for |financial
|responsibility |(the |ability |to |respond |to |damages).
Minimum |Limits: |
Split |Limits |- |$15,000.00 |for |one |person |in |any |one |accident |/ |$30,000.00 |for |more |than |one |for |any
|one |accident |/ |$5,000.00 |for |property |damage |of |others |in |any |one |accident. |
Combined |Single |Limits |- |$35,000.00.
First |Party |Benefits |(Medical) |- |$5,000.00
Proof |of |financial |responsibility |required |at |all |times.
Eligibility |- |ANSWER-Ownership: |self |or |jointly |owned. |
Jointly |Owned: |Husband/wife, |2 |or |more |relatives, |2 |or |more |unrelated |required |to |live |together,
|individual |trust |owned. |
Auto: |Owned |or |leased |(6 |months |or |more): |Private |passenger, |pickups |or |van |- |gross |weight |of
|9,000lbs |or |less, |personal |or |incidental |business, |for |farming |or |ranching, |trailers.
Definitions |- |Family |Member |/ |Trailer |- |ANSWER-Family |Member |= |Who |is |a |resident, |no |age |limit. |
Trailer |= |Includes |farm |wagon.
Definitions |- |Newly |Acquired |Auto |- |ANSWER-Coverage: |begins |when |you |become |the |owner |as |long
|as |it |is |reported |it |as |required. |If |you |do |not |then |coverage |will |start |at |the |time |you |report |it. |
, Until |reported |to |the |insurer |- |always |falls |under |the |broadest |coverage |that |is |on |the |current |policy.
Liability |- |FPB |and |UM/UIM: |auto |must |be |acquired |during |policy, |must |report |within |14DAYS |for |an
|additional |auto |or |until |end |of |the |policy |period |for |a |replacement |auto. |
Collision |& |Other |than |Collision: |Current |coverage |on |policy |- |whether |additional |or |replacement
|14DAY |reporting |period. |
No |Current |coverage |- |4DAY |reporting |period |with |$500.00 |deductible.
Current |coverage |for |OTC |but |NOT |Collision |- |14DAY |reporting |period |for |OTC |and |4DAY |reporting
|period |for |Collision.
PART |A |- |Liability |Coverage |- |Insuring |Agreement |- |ANSWER-Pays |for |damages |for |injury |and |damage
|that |is |legal |obligation |of |insured. |
Duty |to |defend |- |until |limits |of |policy |paid. |
Defense |expenses |- |pays |in |addition |to |limits.
PART |A |- |Liability |Coverage |- |Who |Is |An |Insured |- |ANSWER-Named |insured, |resident |spouse |and
|family |member |(includes |trailers), |
Anyone |using |covered |vehicle, |
Anyone |using |for |liability |and |omissions |of |persons |insured, |
Other |than |your |covered |vehicle |- |anyone |for |legal |responsibility |for |acts |of |omission |of |named
|insured |or |family |member.
