Free Commercial Automobile Policy Practice Questions
New Jersey Property & Casualty exam — 41 practice questions.
Subtopics: Commercial vehicle minimum, Mid-weight commercial, Satisfying commercial limits, Employee UM, Commercial residual auto, 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 New Jersey law, the minimum liability limit for a commercial motor vehicle (other than the 10,001-26,000 lb. class) is:
$1,500,000 per accident
Commercial motor vehicles must carry at least $1,500,000 per accident for bodily injury and property damage; this may be met by a commercial auto, fleet, umbrella or excess policy.
2. A commercially registered vehicle with a gross vehicle weight rating of 18,000 pounds must carry New Jersey liability limits of at least:
$300,000 per accident
Commercial motor vehicles rated 10,001 to 26,000 pounds GVWR need at least $300,000 per accident for bodily injury and property damage.
3. How may a New Jersey business satisfy the $1,500,000 minimum required for its commercial motor vehicle?
With a commercial auto policy combined with an umbrella or excess policy
The statute lets the commercial minimums be met by a commercial auto, fleet, commercial umbrella or excess policy, or any combination.
4. When a New Jersey auto policy names a business entity as the named insured, an employee covered under it is entitled to UM/UIM coverage:
Equal to the maximum UM/UIM provided to the named insured
A policy issued to a corporate or business entity may not give an employee less UM/UIM than the named insured, and is deemed to provide the maximum UM/UIM available under the policy.
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.
