Auto Flashcards
1
Q
What are two types of liability limits?
A
Split
Combined single
2
Q
Split limit
A
Uses 3 dollar amounts
BI/ BI entire accident/
Property damages
3
Q
What is minimum split limit
A
25/50/10
4
Q
What is Combined single coverage?
A
One dollar amount indicating maximum coverage for all losses
5
Q
BAP is
A
Business Auto Policy
6
Q
Which motor carrier requirement was added under the motor carrier act of 1980
A
MCS-90
7
Q
Coverage for medical payments under personal auto policy applies to expenses following a covered accident are incurred and services rendered within
A
3 years
8
Q
Transportation expenses usually covered under auto for
A
20 per day
Maximum of $600
9
Q
What is maximum amount of coverage an insurer can provide for supplemental uninsured motorist
A
250/500
