Which of the following statements about Part D $($coverage for damage to your auto$)$ of the PAP is NOT true?

A bank financing a vehicle would likely require such coverage to be purchased.

Liability coverage may be purchased with or without collision insurance.

Temporary coverage is provided for newly$-$acquired autos and does not require prior notice to the insurer.

Losses are paid to the insured regardless of fault, provided no legal moving violations were committed by the insured