Free Personal Automobile Policy Practice Questions
Vermont Property & Casualty exam (series 14-31) — 92 practice questions.
Subtopics: Mandatory insurance, Minimum limits, Self-insurance, Penalty for no insurance, Proof of insurance, Electronic proof, Proof penalty, Proof after crash, License suspension, Proof certificates, Duration of proof, UM/UIM required, UM limits, UM property damage, UM and collision, Insolvent insurer, Limits disclosure, Coverage territory, Binders, Policy provisions, ID cards, Auto cancellation, New auto policies, Auto cancellation notice, Auto nonrenewal notice, Auto renewal notice, Auto plan notice, Policies covered, Short-term policies, Agent termination, Auto insurance plan, Surcharges, Not-at-fault payments, Uninsured violation, Total loss settlement, Total loss notice, Loss of use, Repair shops, Policy structure, Physical damage, Definition of insured, Optional coverages, Exclusions, Liability coverage, Medical payments, Uninsured motorist, Collision coverage, Other than collision, Transportation expenses, Underinsured motorist, Towing and labor, Newly acquired autos, Definitions, Supplementary payments, Liability exclusions, Uninsured motorists, Physical damage exclusions, Duties after loss, Policy territory, Termination, Residual market
Read the Personal Automobile Policy study guide
Sample questions & answers
1. In Vermont, carrying auto liability insurance (or another approved form of financial responsibility) on a registered vehicle driven on the highway is:
Mandatory
23 V.S.A. § 800(a) prohibits operating, or permitting operation of, a registered vehicle on Vermont highways without an auto liability policy or bond in at least the minimum amounts.
2. Vermont's minimum auto liability limits for bodily injury are:
$25,000 per person / $50,000 per crash
23 V.S.A. § 800(a) requires at least $25,000 for one person and $50,000 for two or more persons killed or injured, plus $10,000 for property damage in any one crash.
3. Instead of an auto liability policy, a Vermont vehicle owner may file evidence of self-insurance with the Commissioner of Motor Vehicles in the amount of:
$115,000
23 V.S.A. §§ 800(a) and 801(c) allow self-insurance in lieu of a policy; the self-insurer must show at least $115,000 of unencumbered net worth.
4. A Vermont owner who operates a registered vehicle without the required liability insurance may be assessed a civil penalty of up to:
$500
23 V.S.A. § 800(b) sets a civil penalty of not more than $500, and the violation is a traffic violation.
All Property & Casualty topics
Practice: Personal 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.
