Free Commercial Automobile Policy Practice Questions
Virginia Property & Casualty exam (series 11-03) — 39 practice questions.
Subtopics: Commercial auto cancellation, Commercial auto notice, Commercial auto UM, 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
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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. On the Business Auto Coverage Form, covered-auto symbol 1 designates:
Any auto
Symbol 1 means any auto and provides the broadest description of covered autos, typically used for liability.
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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.