Larry Has $25,000 of Bodily Injury Liability Coverage Under His

question 44

Multiple Choice

Larry has $25,000 of bodily injury liability coverage under his PAP.This limit is the minimum amount required by his state to be considered financially responsible.While on a vacation,Larry visited a neighboring state which has a minimum financial responsibility limit of $50,000 for bodily injury.Which of the following statements describes the situation for Larry while he was in the neighboring state?

• A)Larry's policy was suspended while he was in the neighboring state.
• B)Larry had only $25,000 of liability coverage.
• C)Larry's policy automatically provided $50,000 of liability coverage.
• D)Larry's policy automatically provided $100,000 of liability coverage.

---

Definitions:

In-Kind Benefits

Benefits provided in the form of goods or services, such as food aid or healthcare, rather than money.

Rising Income Gap

The increasing disparity in income and wealth between the richest and poorest members of society, highlighting growing economic inequality.

Income Inequality

The irregular distribution of income across different economic participants at the household or individual level.

Highly Educated Workers

Individuals in the workforce who have attained a high level of education, typically holding a college degree or higher.