Florida exam All lines Questions and Answers
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Florida exam All lines Questions and Answers
Commercial Automobile coverage can be written as a monocline policy or as part of a Commercial Package Policy (PCP). · What are the five (5) Commercial Auto Coverage forms?
{{Correct Ans- o 1. Business Auto;
o 2. Business Auto Physical Damage;
o 3. Garage;
o 4. Truckers; and
o 5. Motor Carrier
· What are the five sections to a Business Auto Policy?
{{Correct Ans- o 1. Section I - Covered Auto Symbols
o 2. Section II - Liability Coverage
o 3. Section III - Physical Damage Coverage
o 4. Section IV - Business Auto Conditions
o 5. Section V - Definitions
Business Auto Form Section I-A. Symbols 1 through 5 allow the insured to: purchase {{Correct Ans- purchase liability coverage, physical damage coverage, or both;
Business Auto Form Section I-A. Symbols 6, 7, 8, 9 and 19 provide {{Correct Ans- only liability coverage; no physical damage coverage can be purchased with these symbols.
The Business Auto Form - Section I-A
WHAT SYMBOL: Any Auto provides: the broadest coverage because it has no limitations or restrictions on the type of auto that is covered. If the vehicle is an "auto", as defined by this coverage form, it is covered subject to certain exclusions and conditions. Many insurance companies use it cautiously as it is a broad scope of coverage. {{Correct Ans- Symbol 1
[Solved] Florida exam All lines Questions and Answers
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- Submitted On 11 Mar, 2023 06:13:10
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Florida exam All lines Questions and Answers
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