Free Commercial Automobile Policy Practice Questions
Maine Property & Casualty exam (series 12-ME-03) — 41 practice questions.
Subtopics: Assigned risk plan, For-hire vehicles, Dealer plates, Covered auto symbols, Hired and non-owned, Federal motor carrier, Physical damage, Mobile equipment, Carrier regulations, Hired auto physical damage, Symbol 2 owned autos, Liability coverage, Trailer interchange, Garagekeepers, Drive other car, Rental reimbursement, Pollution liability, Who is an insured, Specified causes of loss, Symbol 8 hired autos, Newly acquired autos, Supplementary payments, Liability exclusions, Motor carriers
Read the Commercial Automobile Policy study guide
Sample questions & answers
1. Under the Maine Automobile Insurance Plan, the maximum physical damage coverage for commercial-type vehicles is set by the Superintendent but may not exceed:
$100,000
The plan's maximum physical damage coverage for commercial vehicles is determined by the Superintendent based on new-vehicle costs, not to exceed $100,000.
2. In Maine, the minimum combined single limit for an intrastate commercial motor vehicle is:
$750,000
Title 29-A section 1611(2)(G) sets a $750,000 combined single limit for intrastate commercial motor vehicles.
3. Maine requires what minimum combined single limit for a school bus carrying up to 30 passengers behind the driver?
$500,000
School buses with up to 30 passengers require a $500,000 CSL; those with 31 or more require $1,000,000.
4. The insurer of a Maine for-hire (rent, lease, hire or livery) vehicle must give the Secretary of State how much notice of cancellation?
At least 30 days
For vehicles subject to section 1611, the insurer must provide at least 30 days' notice of cancellation to the Secretary of State.
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Practice: Commercial Automobile Policy
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
