What type of automobile insurance should you offer to the owner of a business who does not own an automobile but who hasemployees who may drive their own automobile on company business?OA) O.P.F. 6 Non-owned Automobile Form.OB) O.A.F. 2 Driver's Form.OC) O.A.P. 1 Owner's Policy.OD) There is no policy available to someone who does not own an automobile. An individual comes to your office and requests an automobile insurance policy. He/she has valid owner and driver permits, butreveals a driving record that includes several impaired driving convictions. It is 10:30 a.m. and the person has everyappearance that they could have another impaired charge on the way home. You are also very aware that the management ofyour office is concerned with its loss ratio. What would be an appropriate response?OA) Tell the individual your companies are unable to help because of their current restrictions on drivers with impairedconvictions.OB) Send him/her down the street to a competitor whom you feel is more inclined to write this class of business.OC) Ask the individual to complete an application which you will submit to an insurer.OD) Tell the individual you require payment of a fee for service before you search for an insurer to accept an application.

Automobile insurance is a contract between insured and an insurance company where you pay a premium…

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What type of automobile insurance should you offer to the owner of a business who does not own an automobile but who has employees who may drive their own automobile on company business?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

What type of automobile insurance should you offer to the owner of a business who does not own an automobile but who has
employees who may drive their own automobile on company business?
OA) O.P.F. 6 Non-owned Automobile Form.
OB) O.A.F. 2 Driver's Form.
OC) O.A.P. 1 Owner's Policy.
OD) There is no policy available to someone who does not own an automobile.

An individual comes to your office and requests an automobile insurance policy. He/she has valid owner and driver permits, but
reveals a driving record that includes several impaired driving convictions. It is 10:30 a.m. and the person has every
appearance that they could have another impaired charge on the way home. You are also very aware that the management of
your office is concerned with its loss ratio. What would be an appropriate response?
OA) Tell the individual your companies are unable to help because of their current restrictions on drivers with impaired
convictions.
OB) Send him/her down the street to a competitor whom you feel is more inclined to write this class of business.
OC) Ask the individual to complete an application which you will submit to an insurer.
OD) Tell the individual you require payment of a fee for service before you search for an insurer to accept an application.

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