the principle coverage/limitations/exclusions/apply to Part – Payments For a described loss applying to Part C Uninsured Motorist – Coverage who is defined as an uninsured motorist; who is defined as an underinsured motorist; coverage limit options for uninsured motorists Uninsured Motorist Property Damages; and, collision deductible waivers. Under California law be able to identify: the policy limits required to comply with the Financial Responsibility Law, section 11850.1(b)(1) of the CIC and section 16056 of the CVC; the requirement for offering Uninsured Motorists Coverage in policies providing bodily injury liability - and how an insured may reject the coverage, section 11580.2(a)(1) of the CIC; 3. Physical Damage / Miscellaneous In a described loss, be able to identify: if the loss is covered and for how much after applying any deductibles; ii. the standard basis of valuation for the automobile; iii. an insurers options in making a loss settlement with the insured; iv. under what circumstances transportation expenses are reimbursed; v. the coverage for personal effects (none); vi. the relationship between Other Than Collision coverage (OTC) and comprehensive coverage (ISO uses newer “OTC”; many insurers still use “comprehensive”); 1) Know that Other Than Collision coverage is a property insurance coverage. vii. under what conditions waiver of collision deductible and uninsured motorist property damage must be offered and the coverage provided by each; and, viii. insured's duties after a loss. Be able to identify the purpose of the following: Miscellaneous Type Vehicle Endorsement; Limited Mexico Coverage Endorsement; Towing and Labor Coverage; Trust Endorsement;
the principle – coverage/limitations/exclusions/apply to Part Payments For a described loss applying to Part C – Uninsured Motorist Coverage who is defined as an uninsured motorist; who is defined as an underinsured motorist; coverage limit options for uninsured motorists Uninsured Motorist Property Damages; and, collision deductible waivers. Under California law be able to identify: the policy limits required to comply with the Financial Responsibility Law, section 11850.1(b)(1) of the CIC and section 16056 of the CVC; the requirement for offering Uninsured Motorists Coverage in policies providing bodily injury liability - and how an insured may reject the coverage, section 11580.2(a)(1) of the CIC; 3. Physical Damage / Miscellaneous In a described loss, be able to identify: if the loss is covered and for how much after applying any deductibles; ii. the standard basis of valuation for the automobile; iii. an insurers options in making a loss settlement with the insured; iv. under what circumstances transportation expenses are reimbursed; v. the coverage for personal effects (none); vi. the relationship between Other Than Collision coverage (OTC) and comprehensive coverage (ISO uses newer “OTC”; many insurers still use “comprehensive”); 1) Know that Other Than Collision coverage is a property insurance coverage. vii. under what conditions waiver of collision deductible and uninsured motorist property damage must be offered and the coverage provided by each; and, viii. insured's duties after a loss. Be able to identify the purpose of the following: Miscellaneous Type Vehicle Endorsement; Limited Mexico Coverage Endorsement; Towing and Labor Coverage; Trust Endorsement;
ExamObjectivesAdjuster-July2013.docx