INSURING PERSONAL AUTO EXPOSURES
CISR ACTUAL EXAM 2024 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) AGRADE.
The covered auto is defined in the policy as all of the following
EXCEPT:
A)
any additional auto acquired in the past 30 days.
B)
any auto used as a temporary substitute while an insured auto is
being repaired.
C)
any auto shown in the declarations.
D)
any trailer owned by the insured or spouse. - ANSWER >>>>a
Towing and labor coverage covers all the following EXCEPT:
A)
towing costs after a breakdown.
B)
towing costs after an accident.
C)
cost of a fan belt replaced at the scene of a breakdown.
D)
labor for changing a tire at the scene of a breakdown. - ANSWER
>>>>c
An auto policy would provide coverage for an auto driven in all of
the following places EXCEPT:
A)
,Mexico City, Mexico.
B)
Honolulu, Hawaii.
C)
Alberta, Canada.
D)
Paducah, Kentucky. - ANSWER >>>>a
The personal auto policy coverage applies to losses, accidents, or
occurrences that take place during the policy period in all the
following locations EXCEPT:
A)
Alberta, Canada.
B)
Dover, Delaware.
C)
Phillipsburg, St. Martin.
D)
San Juan, Puerto Rico. - ANSWER >>>>c
Steve meets with his agent to apply for an automobile insurance
policy on his 2 personal cars. In reviewing the policy, Steve finds
he is not willing to accept the duties listed in the conditions
section. He signs the application but adds a note deleting the
duties to the insurer. Is this acceptable to the company?
A)
No, the agent has to make this request in writing.
B)
Yes, as long as the request is done in writing.
C)
No, a written endorsement by the insurer is the only way to
change the policy.
D)
Yes, the insured has the ability to change the policy at the time of
the application. - ANSWER >>>>c
,Which one of the following would be considered a temporary
substitute vehicle under the terms of the personal auto policy?
A)
Loaner vehicle provided by an auto repair shop.
B)
New car purchased by the insured 3 days ago.
C)
Truck borrowed from a friend while moving.
D)
Company car provided by an employer. - ANSWER >>>>a
All of the following vehicles can be insured under an unendorsed
personal auto policy EXCEPT:
A)
trailers hitched to the insured vehicle.
B)
motorcycles.
C)
newly acquired vehicles.
D)
rental cars. - ANSWER >>>>b
If a dispute arises over whether an insured is entitled to uninsured
motorists coverage, what process is used to settle the dispute?
A)
Appraisal.
B)
Arbitration.
C)
Negotiation.
D)
Subrogation. - ANSWER >>>>b
, A major purpose of automobile insurance is to ensure that victims
of automobile accidents are compensated for damage and injuries
from those who cause accidents as a result of negligence. Which
of the following is NOT an approach used to compensate accident
victims?
A)
Unsatisfied judgment funds.
B)
Fair Credit Reporting Act.
C)
Financial responsibility.
D)
No-fault. - ANSWER >>>>b
In automobile insurance, the term supplementary payments refers
to payments:
A)
made by the insurance company for the insured's own medical
expenses to supplement any other medical insurance.
B)
received by the insured directly from the person or persons who
caused the loss.
C)
covering reasonable expenses incurred at the insurer's request
and other specified expenses that are not subject to the policy
limit.
D)
made by the insured for damages exceeding the policy limits. -
ANSWER >>>>c
Jane's sister, Maggie, who lives with Jane and just sold her car,
drives Jane's sports car to a party. On the way home Maggie
loses control of the car, hits a parked car, and rolls the car over.
Maggie is severely injured and taken to the hospital. What
coverage will reimburse Maggie for her medical bills?
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