Free Commercial Automobile Policy Practice Questions
Virginia Casualty exam — 49 practice questions.
Subtopics: Commercial auto cancellation, Commercial auto notice, Commercial auto UM, Business auto coverage, Covered auto symbols, Hired autos, Non-owned autos, 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 Virginia insurer may not cancel or nonrenew a business entity's commercial auto liability policy solely because of:
Lack of supporting business
No insurer may cancel or refuse to renew a business auto liability policy solely for lack of supporting business or lack of potential for acquiring it.
2. A notice cancelling a business entity's commercial auto policy in Virginia must tell the insured that other coverage may be available through:
The Virginia Automobile Insurance Plan
For motor vehicle policies, the notice informs the first named insured of possible availability through its agent, another insurer, or the VAIP.
3. A Virginia business auto liability policy on vehicles principally garaged in Virginia must include:
Uninsured/underinsured motorist coverage
The UM requirement applies to any motor vehicle liability policy issued on a vehicle principally garaged or used in Virginia.
4. The Business Auto Coverage Form provides a business with:
Liability and physical damage coverage for autos used in the business
The Business Auto Coverage Form (BACF) provides auto liability and physical damage coverage for a business's vehicles.
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.
