Free Commercial Automobile Policy Practice Questions
Vermont Casualty exam (series 14-42) — 52 practice questions.
Subtopics: Business auto form, Covered auto symbols, Hired autos, Nonowned autos, Motor carrier endorsement, Physical damage, Business auto coverage, 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, 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. The Business Auto Coverage Form provides commercial:
Auto liability and physical damage for business autos
The Business Auto Coverage Form provides covered autos liability coverage and optional physical damage coverage for autos used in a business.
2. Covered auto designation symbols on a business auto policy are used to:
Show which autos are covered for each coverage
Numerical symbols in the declarations show which autos are covered autos for each coverage. For example, symbol 1 means any auto and symbol 7 means specifically described autos.
3. Hired auto coverage on a commercial auto policy applies to autos the business:
Leases, hires, rents, or borrows
Symbol 8 (hired autos) covers only autos the named insured leases, hires, rents, or borrows, not autos borrowed from its own employees or partners.
4. Nonowned auto coverage protects a business against liability arising from:
Employees driving their own cars for work
Symbol 9 (nonowned autos) covers autos the business does not own, lease, hire, rent, or borrow that are used in its business, such as employees' personal cars used on company errands.
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.
