Overview
Motor vehicle statutes significantly impact coverages provided under the business automobile insurance policy (BAP). This course examines some of the motor vehicle statutes, the public policy issues behind the statutes, and the effect of these statutes on various types of business auto coverages as well as focusing on the standard coverage forms and how they can be tailored to provide appropriate coverage. Take a broad look at some of the most common types of statues, such as uninsured/underinsured motorist (UM/UIM) coverage and no-fault as well as common provisions to these statutes.
Learning Objectives
- explain and summarize the various types of motor vehicle statutes that have been enacted to deal with the economic consequences of motor vehicle accidents
- compare and contrast liability coverage and no-fault coverage
- summarize the key points in the liability insuring agreement
- summarize and explain the standard business auto exclusions, the rationale of each, how it applies, and whether an endorsement has been developed to modify it in any way
- compare and contrast a wide variety of business auto endorsements and explain to commercial insureds how they expand or restrict coverage
Designed For
Property and casualty insurance agents, brokers, adjusters, and claims professionals at any level in their career
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
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