Which covered auto symbol of the business auto coverage form represents "Owned Autos only"?

Study for the Utah Property and Casualty Insurance Producer Exam. Prepare with flashcards and multiple-choice questions, each providing hints and explanations. Get ready for your exam!

The correct answer, which represents "Owned Autos only" under the business auto coverage form, is Symbol 2. This symbol specifically includes only those vehicles that are owned by the business. It's important to note that in the context of commercial auto insurance, the distinction between different symbols is crucial for determining the coverage limits and the types of vehicles that are included in a policy.

Symbol 1 refers to "Any Auto," which provides the broadest coverage by including all vehicles, whether they are owned, leased, hired, or borrowed. Symbol 7 denotes "Specifically described autos," which only covers vehicles listed on the policy. Symbol 9 is for "Non-owned autos" that are used in the business, meaning those vehicles not owned by the company but still used for business purposes. Thus, Symbol 2's designation for "Owned Autos only" is precisely what illustrates coverage solely for owned vehicles, making it the definitive choice for the question asked.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy