CISR-Personal Auto Exposures Exam 24 Questions with Answers
vehicle ownership - CORRECT ANSWER 1. Individuals who are related and live in the same
... [Show More] household
2. Joint ownership with one owner living outside household
3. individuals who are not related and live in the same household
4. vehicles owned by a trust where the grantor/trustee is an individual, individual and spouse
Vehicle and vehicle usage - CORRECT ANSWER Private passenger autos which include pickups or vans; 1. auto is 4-wheel motor vehicle
2. may not be used for public or livery conveyance i.e. taxi, rideshare like Uber or Lyft, etc.
3. may not be rented to others
4. pickup cannot be over 10K lbs
5. Not used to deliver or transport goods or materials unless it is incidental to the insured's business, i.e. plumber, electrician
6. it can be farm or ranch vehicle
Trailers and Miscellaneous vehicles - CORRECT ANSWER 1. owned trailers are covered for liability and must be listed comp/coll
2. Miscellaneous vehicles can be endorsed to the ISO pol (check underwriting guidelines of ins co or preferably write them on their own pol)
Who is an insured with the best coverage "You and Your" - CORRECT ANSWER 1) You & yours (those named in the declaration page, i.e. individual and spouse, two people that live in the same household
2) you and yours includes spouse even when not named in the dec page provided they live together
3) when the spouse is no longer a resident, he/she has 90 days as a "you", or they stop being a "you" when they get their own pol, or the date of pol expires
What is bodily injury? - CORRECT ANSWER Bodily harm, sickness, disease, including resulting death;
Pain and suffering, mental anguish, disfigurement, loss of income, loss of a relationship, loss of
services, etc., resulting from the bodily harm, sickness, disease, or death are also considered
"bodily injury"
What is a "Family Member" in the ISO policy for coverage purposes? - CORRECT ANSWER 1) Related to a you by blood, marriage or adoption (includes a ward or foster child);
and
2) A resident of the same household as a you
note: Individuals meeting these two requirements are a "family member". It doesn't matter their age
or whether or not they even have a drivers' license.
Non-blood related family member in the same household - CORRECT ANSWER add to policy by "resident endorsement" so he/she is treated as a "family member" under the policy; if the person moves, only 30 days as "family member"
"Trailer" defined in ISO policy - CORRECT ANSWER Vehicle designed to be pulled by a private passenger auto, pickup or van such as a boat trailer,
camping trailer, horse trailer, utility trailer, etc. It includes a farm wagon or farm implement
while towed by a private passenger auto, pickup or van.
"Your Covered Auto" defined by ISO Pol - CORRECT ANSWER There are 4 categories of vehicles that make up the definition of a "Your Covered Auto". While
these vehicles are not the only ones provided coverage, they are provided the broadest coverage.
1. Any vehicle shown in the Declarations
2. "Newly acquired auto" (Term defined next.)
3. Any trailer owned by a you, whether or not being towed by a vehicle
4. Temporary substitute, which is any auto not owned by you, that is being used
because a "your covered auto" is out of normal use due to breakdown, repair,
servicing, loss or destruction. (Temporary substitute does not apply to Part D -
Coverage For Damage To Your Auto.)
"Newly Acquired Auto" in PA ISO Policy - CORRECT ANSWER 1) When must the vehicle have been acquired It must have been acquired during the policy period
2) Who must own the vehicle It must have been acquired by a you. A new vehicle owned by a "family member" does not meet this requirement
3) Which vehicles are eligible
Only those vehicles that meet the eligibility requirements (as covered in Section 1). Private passenger vehicles, including pickups or vans meeting usage/GVWR requirements for which no other policy provides coverage, and trailers.
Covered for "Newly Acquired Vehicles" - CORRECT ANSWER The first category is coverages other than Coverage For Damage To Your Auto
1. Includes Liability, Medical Payments or Personal Injury Protection and Uninsured/Underinsured Motorists Coverage
2. The broadest coverage shown in the Declarations is provided for the new vehicle
3. For coverage to apply, the vehicle must be reported by a you within 14 days after becoming the owner
Newly Acquired Vehicle coverage for physical damage - CORRECT ANSWER 1. 14 days if it policy provides collision and other than collision coverage
2. newly acquired vehicle gets broadest cov for only 14 days, after 14 days it must be added to policy
Newly Acquired Vehicle for 4 days when you only carry liability in your policy - CORRECT ANSWER When the coverage is NOT currently provided for a vehicle in the Declarations
• The new vehicle still receives Collision and Other Than Collision coverage
with a $500 deductible for each
• For this coverage to apply, the insured must notify the insurance company
within 4 days of becoming the owner
As mentioned previously, Collision and Other Than Collision are treated separately
when determining the automatic coverage provided for a "newly acquired auto"
Liability + Defense Costs = Coverage
When does the insurance company not have to defend the insured or settle a claim? - CORRECT ANSWER When the loss is not covered by the policy or when the limits of liability have been exhausted
either by settlement or judgment
Who is an "insured" - CORRECT ANSWER 1. You or a "Family Member" for Any Auto
2. Anyone Using a "Your Covered Auto"
3. "Your Covered Auto" Vicarious Liability
4. Non-Owned Auto Vicarious Liability
Vicarious liability - CORRECT ANSWER For "your covered auto", any person or organization legally responsible for the acts or
omissions of a person covered under Part A - Liability. This is referred to as vicarious
liability.
Supplementary Payments - CORRECT ANSWER These payments are paid in addition to the Limit of Liability
Up to $250 for the cost of bail bonds required because of a covered accident resulting in "bodily
injury" or "property damage". The insurance company is not required to provide the bond.
Premiums on appeal bonds and bonds to release attachments
Post-judgment interest (begins where prejudgment interest ends)
Group A Exclusions: - CORRECT ANSWER 1. Intentional injury or damage caused by an "insured"
2. "Property damage" to property owned or being transported by that "insured"
3."Property damage" to property rented to, used by, or in the care of that "insured"
4."Bodily injury" to an employee of that "insured" during the course of employment
5. Ownership or operation of a vehicle being used as a public or livery conveyance;
This exclusion (A.5.) does not apply to: a. A share-the-expense car pool; or b. The ownership or operation of a vehicle while it is being used for volunteer or charitable purposes.
6. While employed or engaged in an auto "business" for vehicles designed for use mainly on public highways
7. "Business" use other than farming, ranching, or an auto related "business" described in A.6
Using a vehicle without reasonable belief of entitlement
7. Maintaining or using any vehicle while that "insured" is employed or otherwise engaged in any "business" (other than farming or ranching) not described in Exclusion A.6.
8. Using a vehicle without a reasonable belief that that "insured" is entitled to do so. This exclusion (A.8.) does not apply to a "family member" using "your covered auto" which is owned by you.
9. Insured who is also an insured under a nuclear energy liability policy
10. For the ownership, maintenance or use of "your covered auto"
Group B Exclusions - CORRECT ANSWER We do not provide Liability Coverage for the ownership, maintenance or use of: 1. Any vehicle which: a. Has fewer than four wheels; or b. Is designed mainly for use off public roads. This exclusion (B.1.) does not apply:
(1) While such vehicle is being used by an "insured" in a medical emergency;
(2) To any "trailer"; or
(3) To any non-owned golf cart.
2. Any vehicle, other than "your covered auto", which is: a. Owned by you; or b. Furnished or available for your regular use.
Group B Exclusions cont... - CORRECT ANSWER B. We do not provide Liability Coverage for the ownership, maintenance or use of: 1. Any vehicle which: a. Has fewer than four wheels; or b. Is designed mainly for use off public roads.
This exclusion (B.1.) does not apply: (1) While such vehicle is being used by an "insured" in a medical emergency; (2) To any "trailer"; or (3) To any non-owned golf cart.
Collision definition - CORRECT ANSWER "Collision" is defined asthe upset of a vehicle or its impact with another vehicle or object. Other vehicles or objects include another car, train, tree, guardrail, building, pedestrian, utility pole, median, train tracks, etc.
other than collission - CORRECT ANSWER The definition for Other Than "Collision" provides examples of covered losses. These are
not the only losses covered! Any direct and accidental loss, other than a "Collision" loss,
that is not otherwise excluded is covered.
-Includes contact with a bird or animal
-If the glass breakage is caused by a "collision", you can choose to have it covered
by "collision". This option is offered so there won't be two deductibles applied to
the same loss.
Non-owned auto "Other Than A Temporary Substitute" - CORRECT ANSWER A vehicle being used for other than a temporary substitute vehicle (rental vehicle on vacation, driving a friend's vehicle, etc.), must be one of the following types of vehicle: ─ Private passenger auto ─ Pickup ─ Van ─ "Trailer"
Non-owned "Temporary Substitute" - CORRECT ANSWER -A temporary substitute is a vehicle being used because a "your covered auto" is out of normal use because of breakdown, repair, servicing, loss or destruction
-A temporary substitute is not limited to specified types of autos. In this part of the definition, "non‐owned auto" means ANY auto or "trailer" not owned by a you [Show Less]