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Truckers
Auto and Truckers
Endorsements (All)
100

An agreement between two parties in which one party agrees not to pursue monetary recourse from the other in the event of a loss.  

What is Waiver of Subrogation? 

100

Under MS Work Comp Law, this is the number of employees which require an employer to purchase Work Comp insurance coverage.

What are Five Employees?

100

Inland or ocean marine insurance covering property in transit.  

What is Cargo Insurance? 

100

Occurs when two or more vehicle limits can be added together to apply to a single occurrence. 

What is Stacking? 

100

Broadens physical damage coverage provided to employees of the insured who hire or rent cars in their own names for work purposes.

What is Employee Hired Auto Endorsement?

200

A document that an employer is required to post openly at its premises that reveals details of its work comp coverage. 

What is a Posting Notice?

200

A policy that allows an insured to report their actual payroll monthly and be charged a work comp premium on that basis.  

What is a Reporting Form Policy? 

200

A commercial auto policy designed to address the needs of the "for-hire" motor carrier industry.  

What is a Truckers Policy? 

200

This class of vehicle does not include transportation of any property except for tools, equipment and supplies to and from jobs. 

What is Service Class? 

200

Automatically grants insured status to a person or organization that the named insured is required by contract to add as an insured.  

What is Blanket Additional Insured Endorsement?

300

The code under MS Work Comp Law which says that the employer cannot be sued by an employee for a compensable work related injury based on a negligence period.  

What is a Exclusive Remedy?  

300

The Monopolistic States.  

What are North Dakota, Ohio, Washington, Wyoming, Puerto Rico and the U.S. Virgin Islands?

300

A commercial individual or organization that carries persons or property of the general public from one place to another for payment.  

What is a Common Carrier? 

300

A person or organization to which possession of the property of others has been entrusted, usually for storage, repair or servicing.

What is a Bailee?

300

An endorsement that allows the carrier to add a charge to the policy if the insured fails to comply with their request for an _____. 

What is an Audit Noncompliance Charge Endorsement? 

400

Five items found on the declarations page of all work comp policies.

What are the Named Insured, Policy Number, Policy Term, Limits and Premium? 

400

The section of the policy which states that coverage only applies to the states shown.  

What is Other States Coverage? 

400

An independent motor carrier who leases his or her vehicle, with driver, to another motor carrier, either on a permanent or a short-term basis.  

What is Owner-Operator?

400

An inland marine form covering loss of property in the course of transit, either by common carrier or the insured's own vehicles. 

What is a Motor Truck Cargo? 

400

An endorsement that must be attached to the auto liability policy of certain regulated motor carriers to ensure that federally mandated coverage is in place.  

What is MCS-90 Endorsement? 

500

The four different categories of benefits provided under the Workers Compensation Law. 

What are Medical, Disability, Death and Rehabilitation? 

500

These four classes of employment are exempt from the requirements of workers comp.

What are Farming, Domestic, Casual and Federal?

500

A term coined to apply to auto liability coverage for an owner/operator after a load has been delivered and while the truck is not being used for trucking purposes.  

What is Bobtail Liability? 

500

Insurance covering the difference between the ACV of a damaged or stolen vehicle and the amount owed on the car under a loan or lease. 

What is Guaranteed Auto Protection (GAP)?

500

Provides non-owned commercial auto coverage similar to what would be provided under a personal auto policy, commonly used when an executive officer does not carry their own personal auto coverage because they drive a company auto.  

What is Drive Other Car Endorsement? 

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