Which of the Following Statements Is True About Uninsured Motorists

question 14

Multiple Choice

Which of the following statements is true about uninsured motorists coverage under the Personal Auto Policy?

• A)The benefits are paid without regard to fault.
• B)The insured collects from his or her own insurer,and the insurer can recoup the loss payment from the other driver.
• C)Uninsured motorists benefits are limited to the medical expenses of the insured.
• D)Subrogation is never used when uninsured motorists benefits are paid.

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Definitions:

Comparative Income Statement

A financial statement that presents the revenues, expenses, and net income for multiple periods to assess a company's financial performance over time.

Operating Divisions

Distinct segments within a company, each responsible for certain operational aspects or market services.

Adjustment

A change made to the book value of an asset or liability to accurately reflect its value.

Subsidiary

A company that is completely or partly owned and partly or wholly controlled by another company.