Ains 23 Ch 8

Front 1

3 types of Commercial Auto Policies

Back 1

Business Auto Coverage Form;

Auto Dealers Coverage Form;

Motor Carrier Coverage Form

Front 2

3 Components of a Commercial Auto Part

Back 2

Declarations;

Coverage Form;

Applicable endorsements

Front 3

Doctrine of Respondeat

Back 3

Rule of leaving liability on the employer: Based on the fact that the employee was acting on behalf of employer at to be of loss

Front 4

Payment for auto physical damage

Back 4

Lessor of:

Cost of repairing the vehicle

ACV

Front 5

How can a Commercial Auto Coverage Part be issued?

Back 5

As okaaaay of a CPP or as a monoline policy

Front 6

What 5 "other" components are in a commercial auto policy's declarations?

Back 6

Applicable coverages,

Limits,

Deductibles,

Premiums,

Reading and classification information

Front 7

5 sections of Business Auto Coverage Form

Back 7

Covered Autos,

Covered Autos Liability Coverage,

Physical Damage

Business Auto Conditions,

Definitions

Front 8

Symbol 1 of BACF

Back 8

Any Auto

Front 9

Symbol 2 of BACF

Back 9

Owned Autos Only

Front 10

Symbol 3 of BACF

Back 10

Owned Private Passenger Autos Only

Front 11

Symbol 4 of BACF

Back 11

Owned Autos Other Than Private Passenger Autos Only

Front 12

Symbol 5 of BACF

Back 12

Owned Autos Subject to No-fault; applied only to PIP and only for autos required by law to have it

Front 13

Symbol 6 of BACF

Back 13

Owned Autos Subject to a Compulsory Uninsured Motorists Law - only for UM Coverage, only for Autos required to have it

Front 14

Symbol 7 of BACF

Back 14

Specifically Described Autos

Front 15

Symbol 8 of BACF

Back 15

Hired Autos Only

Front 16

Symbol 9 if BACF

Back 16

Non owned Autos Only - only for liability Coverage

Front 17

Symbol 19 if BACF

Back 17

Mobile Equipment Subject to Compulsory or Financial Responsibility or Other Motor Vehicle Insurance Law Only

Front 18

3 Duties of Insurer in liability Coverage agreement

Back 18

Pay damages,

Pay "covered pollution cost or expense",

Defend the insured

Front 19

6 supplementary Payments provided by BACF

Back 19

All expenses incurred by insurer;

$2000 in bail bonds;

Cost of bonds to remove attachments;

Expenses incurred by insured at insurer's request;

Court costs taxed against insured;

Post judgement interest

Front 20

Amount of coverage in BACF for property owned or in the care/ custody/ control of the insured

Back 20

No coverage - this can be purchased under CGL

Front 21

Pollution exclusion of BACF

Back 21

Eliminates coverage for BI or PD resulting from discharge of pollutants being transported or stored in or moved to/ from a covered auto

Front 22

3 basic PD coverages in BACF

Back 22

Collision coverage,

Comprehensive coverage,

Specified COL Coverage

Front 23

Limits for substitute transportation

Back 23

$20/day up to $600

Starts 48hrs after theft

Front 24

Limits of Loss of Use Expenses Coverage extension

Back 24

$20/ day up to $600 for the exposure

Front 25

5 Loss Conditions of Section IV of BACF

Back 25

Appraisal for Physical Damage Losses;

Duties in Event of Accident, Claim, Suit, or Loss;

Legal Action Against Insurer;

Loss Payment - Physical Damage Coverages;

Transfer of Rights Against Others

Front 26

8 General Conditions of Section IV of BACF

Back 26

Bankruptcy;

Concealment, misrepresentation, or fraud;

Liberalization;

No Benefit to Bailee - PD insurance only;

Other Insurance;

Premium Audit;

Policy period, Coverage territory;

Two or more coverage forms or policies issued by the insurer

Front 27

3 covers commonly included in commercial auto coverages

Back 27

Medical payments,

Personal injury protection and added personal injury protection,

UM & UIM

Front 28

How much in bail bonds will the insurer pay under BACF?

Back 28

$2000