Exam (elaborations)
Book New Jersey Casualty Law Questions and Answers 2024
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Book New Jersey Casualty Law
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Book New Jersey Casualty LawWho administered the Personal Automobile Insurance Plan PAIP in New Jersey? -
answer New Jersey Automobile Full Insurance Underwriting Association
Standards to act as a servicing carrier for the Associations board: - answer-Minimum
assets of $10,000,000
-Been in the insurance business for at least five years
-At least three years of experience in insurance
-Can demonstrate that the carrier can issue and service a minimum of 100,000 private
passenger autos policies.
What is offered on the PAIP policy? - answer$500,000 bodily injury,
$100,000 property damage liability
Medical payments of $500,000 with a limit of 250,000 per person
Comprehensive and Collision
Uninsured and Underinsured Motorist Coverage
Personal Injury Protection
A program to increase the availability of insurance in urban areas. - answer Automobile
Insurance Urban Enterprise Zone (UEZ)
Commercial Automobile Insurance Plan CAIP has a required basic combined single
limit of: - answer$35,000
Coverage for the Basic Auto Insurance Policy - answerBodily injury $10,000 per
accident
Property Damage Liability $5,000 per accident
Personal injury protection is $15,000 per person, per accident and up to $250,000 for
permanent or significant injury
Exempt workers compensation in New Jersey - answer-Domestic servants and
household employees
-Relief Employment by the state
-Casual employees
-Certain agricultural workers
What is the maximum period of payment for Temporary Total Disability: - answer400
week
Provides Worker's Compensation insurance to employers who are unable to obtain
coverage in the voluntary market - answerAssigned Risk Plan
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