Chapter 16: Commercial Auto Insurance

13 Questions | Total Attempts: 1167

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Chapter 16: Commercial Auto Insurance

Only used by FSS Team for preparing INS Exam.


Questions and Answers
  • 1. 
    Which of the following coverages are provided by Business Auto Physical Damage coverage?
    • A. 

      Collision

    • B. 

      Transportation Expenses

    • C. 

      Comprehensive

    • D. 

      Garagekeepers Insurance

  • 2. 
    Which portion of the Garage coverage form covers liability for damage to property of others in the insured's care, custody, or control?
    • A. 

      Liability

    • B. 

      Garagekeepers

    • C. 

      Physical Damage

    • D. 

      Both A and B

  • 3. 
    The Garage coverage form covers liability arising out of which of the following?
    • A. 

      Ownership, maintenance, or use of covered autos

    • B. 

      Garage operations

    • C. 

      A trailer interchange agreement

    • D. 

      Advertising injury

  • 4. 
    Which of the following perils are included in the Business Auto coverage form's Specified Causes of Loss coverage?
    • A. 

      Collision

    • B. 

      Earthquake

    • C. 

      Flood

    • D. 

      Theft

  • 5. 
    Which of the following statements concerning Business Auto Liability coverage are correct?
    • A. 

      It covers BI or PD caused by an accident.

    • B. 

      It does not cover pollution losses.

    • C. 

      It only covers sums for which the insured is legally liable.

    • D. 

      The BI or PD must result from the ownership, maintenance, or use of a covered auto.

  • 6. 
    Who of the following would be considered an insured under Business Auto Liability coverage?
    • A. 

      The named insured

    • B. 

      Others while using a covered auto with permission

    • C. 

      The owner of a borrowed auto

    • D. 

      Others who become liable for the conduct of an insured

  • 7. 
    Which of the following are excluded under Business Auto Liability coverage?
    • A. 

      Liability assumed under a contract that is considered an insured contract

    • B. 

      Damage to the insured's own auto

    • C. 

      Injury to employees covered by workers compensation laws

    • D. 

      Liability for property in the insured's custody

  • 8. 
    Which of the following losses would be paid under the Business Auto coverage form's Comprehensive coverage?
    • A. 

      Gradual corrosion of the grillwork on a covered auto because of continuous exposure to salt air

    • B. 

      Overturn of a covered auto

    • C. 

      Collision damage to a covered auto

    • D. 

      Theft of a covered auto

  • 9. 
    Which of the following businesses might be covered under a Garage coverage form?
    • A. 

      Used car dealer

    • B. 

      Catering company

    • C. 

      Auto body shop

    • D. 

      Service station

  • 10. 
    Which of the following coverages are included in an unendorsed Garage coverage form?
    • A. 

      Garagekeepers

    • B. 

      Uninsured Motorists

    • C. 

      Liability

    • D. 

      Physical Damage

  • 11. 
    Which of the following can be considered covered autos only under the Garage coverage form?
    • A. 

      Customers' autos left with the insured for service

    • B. 

      Autos the insured has leased to use in the business

    • C. 

      Autos held for sale by a dealer

    • D. 

      Autos owned by the insured and used in the insured's business

  • 12. 
    Which of the following Commercial Auto coverage forms does not offer liability coverage?
    • A. 

      Business Auto

    • B. 

      Business Auto Physical Damage

    • C. 

      Garage

    • D. 

      Trucker's

  • 13. 
    Which of the following would be included in an unendorsed Business Auto coverage policy? Select all that apply.
    • A. 

      Liability coverage

    • B. 

      Physical Damage coverage

    • C. 

      Uninsured Motorists coverage

    • D. 

      Medical Payments coverage