CAP Coverage Form Sections

All of the following covered auto numerical symbols are correctly matched with its definition EXCEPT which one?

Which of the following is NOT a type of Physical Damage coverage under a Commercial Auto Policy (CAP)?

All of the following covered auto numerical symbols are correctly matched with its definition EXCEPT which one?

Which statement is NOT true?

What is the purpose of the covered auto numerical symbols?

At the beginning of the policy period, the premium is estimated based on the estimated exposure; at the end of the policy period, the final premium will be determined based on the actual exposure; then, the estimated premium paid will be credited against the final premium. This describes which condition of a Commercial Auto Policy (CAP)?

If the insured and the insurer disagree on the amount of the loss settlement, either may demand an appraisal: then each party will select an appraiser, and each appraiser will select

Which party has the option to (a) pay for, repair, or replace damage or stolen property; (b) return the stolen property; or (c) take all or any part of the damaged or stolen property at an agreed or appraised value?

Which condition states that the insurer will not provide coverage for the benefit of any person or organization holding, storing, or transporting property for a fee?

Which condition states that the premium is estimated at the beginning of the policy period, and the final premium is determined at the end of the policy period?

If the insured has two or more auto insurance policies with the same insurer that apply to the same accident, the maximum paid under all the policies shall

All of the following are duties the insured has after an accident or loss EXCEPT

As defined by a commercial automobile policy, which of the following is an “auto.”

As defined by a commercial automobile policy, which of the following is NOT an employee?

Judy’s car wouldn’t start when it was time to pick her son up from school, so she borrowed her neighbor’s car. In this case, the neighbor’s car is

Marco is a business owner. He flies into Las Vegas for a trade show and rents a car when he gets there. The rented car that Marco uses for business is

Miguel uses his own car to run an errand for his employer Lucy. On Lucy’s commercial auto policy, when Miguel uses his car to do work for Lucy, Miguel’s car is

Under a Commercial Auto Policy (CAP), the insurer will also pay all defense costs it incurs to defend the insured for bodily injury or property damage covered under the policy. This obligation by the insurer is known as what?

Gary owns an auto repair shop. His chief mechanic Mike was injured while working on a car. Which coverage on Gary’s Garage policy will pay for Mike’s injuries?