Gary Purchased a Personal Auto Policy (PAP)that Included Collision Coverage

question 29

Multiple Choice

Gary purchased a Personal Auto Policy (PAP) that included collision coverage.Gary lost control of his vehicle on an icy road.He slid off the road and hit a tree.Ignoring any deductible,what is the insurer's liability for damage to Gary's car?

• A)the greater of the actual cash value or the amount necessary to repair or replace the vehicle
• B)the replacement cost of the vehicle
• C)the lesser of the actual cash value or the amount necessary to repair or replace the vehicle
• D)the original purchase price of the vehicle

---

Definitions:

Task Analysis

The process of breaking down a task into its individual components to better understand, teach, or improve it, different from Cognitive Task Analysis as it may focus more broadly on physical and procedural tasks.

Organizational Analysis

The process of reviewing the development, work environment, personnel, and operation of a business or another type of association.

Strategic Direction

Guidance for an organization on its long-term goals and the strategies to achieve them, often set by top management.

Job Performance

The level of effectiveness and efficiency with which an employee accomplishes their work tasks and responsibilities.