Free Commercial Automobile Policy Practice Questions
New Mexico Property & Casualty exam (series 18-31) — 50 practice questions.
Subtopics: Symbols, Symbol 1, Hired autos, Non-owned autos, Physical damage, Trucking, Symbol 7, MCS-90, Who is an insured, Cargo, UM commercial, Rating basis, UM on business auto, Motor carrier limits, Covered auto symbols, Hired and non-owned, Federal motor carrier, Mobile equipment, Carrier regulations, Hired auto physical damage, Symbol 2 owned autos, Liability coverage, Trailer interchange, Garagekeepers, Drive other car, Rental reimbursement, Pollution liability, 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. 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.
2. Business auto symbol 1 on a New Mexico policy generally refers to:
Any auto
Symbol 1 means any auto and provides the broadest description of covered autos for liability.
3. Hired auto coverage on a New Mexico business auto policy applies to autos the business:
Leases, hires, rents, or borrows
Hired auto coverage applies to autos the business leases, hires, rents, or borrows for use in the business.
4. Non-owned auto coverage on a New Mexico business auto policy protects the business when:
Employees use their own cars on company business
Non-owned auto coverage protects the business for liability arising when employees use their own vehicles on company business.
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.
