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While on vacation in the U.S.A. your insured's Cadillac is damaged in an accident with a Georgia registered automobile, insured for minimum limits of $15,000/$30,000 Bodily Injury, and $10,000 Property Damage Liability. The Georgia driver is 100% liable for $20,000 damage to your insured's automobile. Your insured has an O.A.P. 1 Owner's Policy including Direct Compensation-Property Damage with standard deductible, OPCF 44R-Family Protection Coverage but no Collision insurance. How would the claim be paid? OA) $19,500 under the insured's Direct Compensation-Property Damage coverage. OB) Nothing under the OPCF 44R and $10,000 under the Georgia policy. OC) $10,000 under the OPCF 44R and $9,500 under Direct Compensation-Property Damage coverage. OD) $10,000 under the OPCF 44R and $10,000 under the Georgia policy.

While on vacation in the U.S.A. your insured's Cadillac is damaged in an accident with a Georgia registered automobile, insured for minimum limits of $15,000/$30,000 Bodily Injury, and $10,000 Property Damage Liability. The Georgia driver is 100% liable for $20,000 damage to your insured's automobile. Your insured has an O.A.P. 1 Owner's Policy including Direct Compensation-Property Damage with standard deductible, OPCF 44R-Family Protection Coverage but no Collision insurance. How would the claim be paid? OA) $19,500 under the insured's Direct Compensation-Property Damage coverage. OB) Nothing under the OPCF 44R and $10,000 under the Georgia policy. OC) $10,000 under the OPCF 44R and $9,500 under Direct Compensation-Property Damage coverage. OD) $10,000 under the OPCF 44R and $10,000 under the Georgia policy.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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While on vacation in the U.S.A. your insured's Cadillac is damaged in an accident with a Georgia registered automobile, insured for minimum limits of $15,000/$30,000 Bodily Injury, and $10,000 Property Damage Liability. The Georgia driver is 100% liable for $20,000 damage to your insured's automobile. Your insured has an O.A.P. 1 Owner's Policy including Direct Compensation-Property Damage with standard deductible, OPCF 44R-Family Protection Coverage but no Collision insurance. How would the claim be paid? OA) $19,500 under the insured's Direct Compensation-Property Damage coverage. OB) Nothing under the OPCF 44R and $10,000 under the Georgia policy. OC) $10,000 under the OPCF 44R and $9,500 under Direct Compensation-Property Damage coverage. D) $10,000 under the OPCF 44R and $10,000 under the Georgia policy.
Transcribed Image Text:While on vacation in the U.S.A. your insured's Cadillac is damaged in an accident with a Georgia registered automobile, insured for minimum limits of $15,000/$30,000 Bodily Injury, and $10,000 Property Damage Liability. The Georgia driver is 100% liable for $20,000 damage to your insured's automobile. Your insured has an O.A.P. 1 Owner's Policy including Direct Compensation-Property Damage with standard deductible, OPCF 44R-Family Protection Coverage but no Collision insurance. How would the claim be paid? OA) $19,500 under the insured's Direct Compensation-Property Damage coverage. OB) Nothing under the OPCF 44R and $10,000 under the Georgia policy. OC) $10,000 under the OPCF 44R and $9,500 under Direct Compensation-Property Damage coverage. D) $10,000 under the OPCF 44R and $10,000 under the Georgia policy.
Regulations under the RIB Act require the broker to provide a policy or certificate of coverage to the member of the public for whom they act as evidence that insurance has been placed. Within which one (1) of the following periods of time after the placing of the insurance should the policy or certificate of coverage be provided? OA) In the next mail. OB) Thirty (30) days. OC) Fifteen (15) days. OD) Twenty-one (21) days.
Transcribed Image Text:Regulations under the RIB Act require the broker to provide a policy or certificate of coverage to the member of the public for whom they act as evidence that insurance has been placed. Within which one (1) of the following periods of time after the placing of the insurance should the policy or certificate of coverage be provided? OA) In the next mail. OB) Thirty (30) days. OC) Fifteen (15) days. OD) Twenty-one (21) days.
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