Tony Has an Unendorsed Personal Auto Policy Which Provides Medical

question 40

Multiple Choice

Tony has an unendorsed Personal Auto Policy which provides medical payments coverage.Under which of the following circumstances would the injured person be eligible for benefits under Tony's policy?
I.A friend in the car is injured while Tony is driving a covered auto.
II.A passenger on a motorcycle driven by Tony is injured when Tony hit another vehicle.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Sarbanes-Oxley Act

A U.S. federal law established in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Internal Control

A process designed to ensure the reliability of financial reporting, compliance with laws and regulations, and effectiveness and efficiency of operations.

Clan Control

A method of managing and influencing behavior within organizations through shared norms, values, and beliefs rather than through formal structures.

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A system of management that relies on a fixed set of rules and procedures within an organization to regulate behavior and decisions.