Free Commercial Automobile Policy Practice Questions
Mississippi Property & Casualty exam — 38 practice questions.
Subtopics: Commercial exclusion, Assigned risk commercial, 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. An auto repair shop's garage policy in Mississippi is cancelled mid-term. The statutory auto cancellation reasons in 83-11-3:
Do not apply to garage operation policies
Miss. Code 83-11-1 states the article does not apply to any policy covering garage, automobile sales agency, repair shop, service station or public parking place operation hazards.
2. Besides private passenger vehicles, the Mississippi Automobile Insurance Plan may issue policies for:
Commercial motor vehicles
Rule 3.01 provides that the Plan may issue private passenger and commercial motor vehicle policies, with commercial risks handled through the Commercial Automobile Insurance Procedure (CAIP).
3. On the Business Auto Coverage Form, covered-auto symbol 1 designates:
Any auto
Symbol 1 means any auto and provides the broadest description of covered autos, typically used for liability.
4. Coverage for autos that a business leases, hires, rents, or borrows from others is referred to as coverage for:
Hired autos
Hired auto coverage applies to vehicles the named insured leases, hires, rents, or borrows (excluding those from employees).
All Property & Casualty topics
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.
