Question

Which of the following statements regarding Commercial Auto coverage is NOT TRUE?

a.The definition of "trucker" and "motor carrier" are the same in both the Truckers form and the Motor Carrier form
b.The Business Auto Coverage Form is a legal document used in commercial auto insurance contracts.
c. Policyholders can purchase broadening endorsements to further customize their coverage.
d.Coverage symbols define how the coverage applies to different types of vehicles.

Answer 1

The statement that is NOT TRUE for Commercial Auto coverage is that the definition of "trucker" and "motor carrier" are the same in both the Truckers form and the Motor Carrier form. In reality, these definitions can vary between forms.

Step-by-step explanation:

The Commercial Auto coverage is part of commercial insurance contracts and involves various forms like the Business Auto Coverage Form and endorsements which allow policyholders to tailor their coverage. Among the statements provided, the one that is NOT TRUE is:

• a. The definition of "trucker" and "motor carrier" are the same in both the Truckers form and the Motor Carrier form

This statement is not true because the definitions of "trucker" and "motor carrier" can vary depending on the specific policy language and they are not universally the same across both forms. The other statements are accurate, describing that the Business Auto Coverage Form is indeed a legal document used in these insurance contracts, policyholders can purchase broadening endorsements, and coverage symbols are used to define how coverage applies to different vehicles.