Free Commercial Automobile Policy Practice Questions
New York Property & Casualty exam (series 17-56) — 40 practice questions.
Subtopics: Commercial auto and No-Fault, Commercial auto cancellation, Which statute applies, Claims-made restrictions, 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. A business auto policy written on a truck registered in New York must include:
Mandatory No-Fault (PIP) and UM coverages
Insurance Law 5103(a) requires every owner's policy issued to satisfy the financial security law to provide first-party benefits, and 3420(f)(1) requires UM coverage; these apply to business vehicles as well as personal ones.
2. In addition to the general commercial grounds, a New York insurer may cancel the auto portion of a commercial policy after 60 days because of:
Suspension of the license of a driver who keeps driving
Insurance Law 3426(c)(2) adds driver license suspension or revocation of a person who keeps operating an insured vehicle as a ground for cancelling motor vehicle coverage.
3. A New York auto policy is subject to the personal lines rules of Insurance Law 3425, rather than the commercial rules of 3426, when:
A natural person is named insured and use is non-business
Insurance Law 3425(a)(1) defines covered automobile insurance as coverage on a vehicle used predominantly for non-business purposes when a natural person is the named insured.
4. May a New York insurer write commercial auto liability coverage on a claims-made basis?
No, it is not permitted for motor vehicle liability
Regulation 121 (Part 73.2(e)) prohibits claims-made coverage for motor vehicle liability and for any coverage subject to Insurance Law 3425.
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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.
