1 Identify and describe the loss exposures associated with commercial autos Give an example for each of the loss exposures you have identified 2 Describe the types of commercial auto policies that are available What type of exposures and businesses are they intended for 3 Identify and describe the basic coverages available to insureds under the Business Auto Coverage Form For each of the coverages you describe, identify whether it is a first or third party coverage Do not include or consider endorsements in your answer 4 What purpose do the auto symbols under the Business Auto Coverage Form serve 5 For the following scenarios, choose the type of covered auto designation symbol the business owner would want to have on their Business Auto Coverage Form The broadest coverage that is available The vehicle is garaged in New York State which has compulsory no fault coverage The ten employees you have occasionally use their vehicles to deliver products and or do sales calls You use your own vehicles for business purposes You acquired an additional vehicle during the policy period 6 Hector runs a cheese shop in a large city One of his truck is involved in a liability claim, and two primary business auto policies apply to the claim Policy A has a $300,000 liability limit and Policy B has a $500,000 liability limit The covered amount of the claim is determined to be $160,000 Using the 'Other Insurance' provision of in the Business Auto Coverage Form conditions, how much coverage, if any, is provided to Hector by Policy A and Policy B 7 Describe the main coverage parts under Section I of the Auto Dealers Coverage Form 8 In the Who is An Insured in Section I of the Auto Dealers Coverage Form, how is coverage determined for 'your customers ' 9 An auto dealer filed a report to its insurer showing auto values of $3 million However, the actual value of the dealer's autos was $4 million The dealer then suffered a hailstorm loss of $500,000 Disregarding any deductible that may apply, how much would the insurer pay for the loss

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1. Identify and describe the loss exposures associated with commercial autos. Give an example for each of the loss exposures you have identified. 2. Describe

1. Identify and describe the loss exposures associated with commercial autos. Give an example for each of the loss exposures you have identified.

2. Describe the types of commercial auto policies that are available.What type of exposures and businesses are they intended for?

3. Identify and describe the basic coverages available to insureds under the Business Auto Coverage Form.For each of the coverages you describe, identify whether it is a first or third party coverage. Do not include or consider endorsements in your answer.

4. What purpose do the auto symbols under the Business Auto Coverage Form serve?

5. For the following scenarios, choose the type of covered auto designation symbol the business owner would want to have on their Business Auto Coverage Form.

The broadest coverage that is available
The vehicle is garaged in New York State which has compulsory no fault coverage.
The ten employees you have occasionally use their vehicles to deliver products and/or do sales calls
You use your own vehicles for business purposes
You acquired an additional vehicle during the policy period

6. Hector runs a cheese shop in a large city. One of his truck is involved in a liability claim, and two primary business auto policies apply to the claim. Policy A has a $300,000 liability limit and Policy B has a $500,000 liability limit. The covered amount of the claim is determined to be $160,000. Using the 'Other Insurance' provision of in the Business Auto Coverage Form conditions, how much coverage, if any, is provided to Hector by Policy A and Policy B?

7. Describe the main coverage parts under Section I of the Auto Dealers Coverage Form.

8. In the "Who is An Insured" in Section I of the Auto Dealers Coverage Form, how is coverage determined for 'your customers?'

9. An auto dealer filed a report to its insurer showing auto values of $3 million.However, the actual value of the dealer's autos was $4 million. The dealer then suffered a hailstorm loss of $500,000. Disregarding any deductible that may apply, how much would the insurer pay for the loss?