Free Commercial Automobile Policy Practice Questions
New Mexico Casualty exam (series 18-29) — 55 practice questions.
Subtopics: Self-insurance, Motor carrier limits, MCS-90, Symbols, Symbol 1, Hired autos, Non-owned autos, Trucking, Business auto coverage, Covered auto symbols, MCS-90 form, Lessor additional insured, Drive other car, Mobile equipment, Physical damage commercial, Symbol 2 owned autos, Symbol 7 specified autos, Symbol 8 hired autos, Garagekeepers, Who is an insured, Trailer coverage, Auto pollution exclusion, Rental reimbursement, Motor truck cargo, Newly acquired autos, Supplementary payments, Liability exclusions, Physical damage, Coverage territory, Other insurance, Individual named insured, Employees as insureds, Hired auto physical damage, Business auto duties, Business auto vs PAP
Read the Commercial Automobile Policy study guide
Sample questions & answers
1. A New Mexico business with a large fleet wants to self-insure its vehicles instead of buying auto liability insurance. Who may issue the certificate of self-insurance?
The superintendent of insurance
The superintendent issues a certificate of self-insurance to applicants meeting the same criteria used for workers' compensation self-insurance.
2. Under federal motor carrier rules, a for-hire interstate carrier hauling nonhazardous property in vehicles of 10,001 pounds or more must carry public liability of at least:
$750,000
The FMCSA schedule sets $750,000 for for-hire interstate carriage of nonhazardous property in vehicles rated 10,001 pounds or more.
3. Under federal rules, what is Form MCS-90?
An endorsement to a motor carrier's liability policy
Endorsements for policies of insurance use Form MCS-90; surety bonds use Form MCS-82.
4. On a New Mexico business auto policy the covered auto designation symbols are used to:
Indicate which autos are covered for each coverage
Covered auto symbols on the business auto policy indicate which vehicles are covered for each type of coverage.
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.
