ch 4 quiz

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Author:
jadeneonsiren
ID:
102044
Filename:
ch 4 quiz
Updated:
2011-09-15 22:48:52
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quiz
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Chapter 4 Quiz
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  1. Which of the following statemtents is correct:
    1. The BAP uses 10 symbols to define covered vehicles
    2. Symbols 30 and 31 apply to the Garage Pollicy

    A) 1 only
    B) Neither 1 nor 2
    C) Both 1 and 2
    D) 2 only
    C) Both 1 and 2
    (this multiple choice question has been scrambled)
  2. Which of the following is not a Commercial Auto endorsement?
    A) Drive Other Car
    B) Change Other Driver
    C) Individual Named Insured
    D) Mobile Equpiment
    B) Change Other Driver
    (this multiple choice question has been scrambled)
  3. Under the BAP, each of the following is true about classification of "covered autos" EXCEPT:
    A) ""hired autos" includes autos the insured leases, hires, rents or borrows
    B) All classes of newly aquired autos are automatically covered
    C) "Any auto" is the broadest coverage classification
    D) An insured may select different classifications for different coverages
    B) All classes of newly aquired autos are automatically covered
    (this multiple choice question has been scrambled)
  4. According to the Business Auto Definitions, an "accident":
    A) Incudes continuous or repeated exposure to the same conditions
    B) Must be sudden an unexpected
    C) Must be unexpected and unpreventable
    C) Is an event that causes injury or damage
    A) Includes continuous or repeated exposure to the same condition
    (this multiple choice question has been scrambled)
  5. Joseph Young, who is insured under a BAP, is involved in an accident. He and his insurance company disagree on the amount to be paid for the damage to his car. Under the terms of the policy, which of the following is true:
    A) Each party engages an appraiser and the appraisers will select an umpire
    B) Mr. Young must accept the insurance company's estimate
    C) Each party engages an appraiser, and the appraisers will decide the amount
    D) The estimates of both parties will be averaged
    A) Each party engages an appraiser and the appraisers will select an umpire
    (this multiple choice question has been scrambled)
  6. Under the Truckers Policy, which of the following is an additional coverage:
    A) Trailer interchange
    B) Drive other trailer coverages
    C) Cargo coverage
    D) Combined additional coverage
    A) Trailer interchange
    (this multiple choice question has been scrambled)
  7. Which of the following is considered a "garage operation"
    1 - Ownership, maintenance or use of garage premises
    2 - Sale of products or services in connection with garage operations
    3 - Ownership or maintanence of covered autos
    4 - Production or support of racing or competitive operations

    A) 1 and 3 only
    B) 1, 2, 3, and 4
    C) 1, 2 and 3 only
    D) 1 and 2 only
    C) 1, 2, and 3 only
    (this multiple choice question has been scrambled)
  8. Which of the following would be covered under a garage liability policy?
    A) Damage to the property the insured is transporting to another location
    B) The use of covered autos leased to another party except as a replacement for a car under repair
    C) Products and completed operations
    D) Covered autos used in organized racing
    C) Products and completed operations
    (this multiple choice question has been scrambled)
  9. Which of the following pollutions losses would be covered under the garage liability policy?
    1 - Escape of toxic sludge from a dumpsite the named insured utilizes to store garage waste
    2 - Pollution of a creek caused by a gasoline leaking from the ruptured fuel tank of a covered truck following a collision with another truck

    A) 1 only
    B) Both 1 and 2
    C) 2 only
    D) Neither 1 nor 2
    C) 2 only
    (this multiple choice question has been scrambled)
  10. Garage Keepers coverage excludes all of the following EXCEPT:
    A) Faulty work performed by a mechanic
    B) Loss to a high-value stereo system permanently installed in a covered auto
    C) Loss to CDs from a covered auto
    D) Theft of equipment from a covered auto by a garage employee
    B) Loss to a high-value stereo system permanently installed in a covered auto
    (this multiple choice question has been scrambled)

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