Final answer:
The warning signals that indicate a school bus is loading or unloading students are the red lights flashing and the stop arm extended.
Step-by-step explanation:
The warning signals that indicate a school bus is loading or unloading students are the red lights flashing and the stop arm extended. When a school bus is stopped with these signals activated, motorists must stop their vehicles at least 20 feet away from the bus. Both oncoming traffic and motorists approaching the bus from behind should also refrain from moving until the stop arm is retracted and the red lights are no longer flashing.