Actuarial Notes

Exam DISC-IA Practice Question 411

Study guide: Exam DISC-IA

A named insured buys a motorcycle and asks his agent to add it to his personal auto policy (ISO PP 00 01 09 18), which insures his sedan. Why does he need the miscellaneous type vehicle endorsement (PP 03 23) rather than simply listing the motorcycle in the declarations?

  • A) Part A excludes vehicles with fewer than four wheels, and Part B excludes injury on one
  • B) Only vehicles bought before the policy began can be listed in the declarations of a PAP
  • C) A motorcycle can't be a newly acquired auto unless it is reported within 14 days of purchase
  • D) Part D's collision coverage applies only to vehicles that are garaged at the insured's residence

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