CAS Exam 6C Fall 2018, Question 4
Study guide: Exam 6C
A Transportation Network Company (TNC) driver in Alberta was in an accident. The TNC is insured under a Standard Policy Form 9 (SPF9) with the following features:
- $5,000,000 Third Party Liability (TPL) limit
- $1,000 deductible on physical coverage
The driver incurred a claim of $1,500,000 of TPL and $35,000 of physical damage.
Under each of the following situations, identify the insurer(s) to which the driver should report the claim and the amount the SPF9 insurer would pay.
Part a (0.75 points)
The driver has logged onto a TNC network for the purpose of providing transportation services but has not yet accepted a ride request.
Part b (0.75 points)
The driver has accepted a ride request and is en route to pick up passenger(s).
Answer this question and see the worked solution