PIA Search

Results 1771 - 1780 of 3226

  1. Rental for business use | Ask PIA

    My insured is renting a van for a business trip. Does he have liability and physical damage coverage under his personal auto policy?

    Yes. The 1998 edition of the ISO Personal Auto Policy introduced liability and physical damage coverage for a nonowned van used for business purposes. However, physical damage coverage is contingent upon having at least one scheduled vehicle on the policy covered for physical damage (Part D). The 2005 edition of...

  2. Rental for business use | Ask PIA

    My insured is renting a van for a business trip. Does he have liability and physical damage coverage under his personal auto policy?

    Yes. The 1998 edition of the ISO Personal Auto Policy introduced excess liability and physical damage coverage for a nonowned van used for business purposes. However, physical damage coverage is contingent upon having at least one scheduled vehicle on the policy covered for physical damage (Part D). The 2005 edition...

  3. Florida traveling salesperson | Ask PIA

    Our insured is opening a Florida sales office. The salesperson will be based in Florida but traveling 50% of the time. Do you know if a Florida Joint Underwriting Association Workers’ Compensation Policy would cover the salesperson while traveling?

    According to the following statutes from Florida Workers’ Compensation Law Title 31 Chapter 440, there is coverage for traveling employees: 440.092 Special requirements for compensability; deviation from employment; subsequent intervening accidents. (4) Traveling employees—An employee who is required to travel in connection with his or her...

  4. Net quotes prohibited | Ask PIA

    I am trying to bring in a new account and want to offer the best price I can to this potential client. Can I legally reduce my commission on a policy in order to offer the potential client a lower premium?

    No, this would be considered a form of rebating, which is prohibited in New Jersey. New Jersey Administrative Code Section 11:17B-2.1(d) states that an insurance producer is prohibited from paying or returning to any policyholder all or any portion of the commission received in connection with the sale of insurance. By reducing...

  5. Auto renewal—at-fault accident | Ask PIA

    Can a company cancel an auto policy on renewal because an insured had an at-fault accident during the policy term?

    Yes, a company can nonrenew the policy. To nonrenew, it has to give adequate notice (at least 45 days and not more than 60 days), and give a reason. The company can nonrenew for a wide variety of reasons under its “2 percent” nonrenewal allowance. However, it must confine its...

  6. Condo master policies—maintenance fees | Ask PIA

    Do you know what “maintenance fees receivable” or business income coverage is designed to accomplish where condo association master policies are concerned? If someone is displaced due to a fire or hurricane damaging a building, will this provide extra expense coverage for getting the affected homeowners temporary housing until the...

    Coverage for “assessment or maintenance fees receivable” is a nonstandard coverage that one insurer defines as insurance to replace assessment fees that a unit owner fails to pay because a property loss has caused the unit owner to move to a new location. Business income coverage should include this loss...

  7. Other state registrations | Ask PIA

    Does a Connecticut personal auto policy cover autos that are registered in other states?

    The standard personal auto policy has no reference to registration, so the usual coverages apply regardless of registration. However, the state of registration will govern the mandatory financial responsibility limits that are applicable and the compulsory insurance that must be included on the policy (e.g., the policy may be required...

  8. Parental liability for child’s actions | Ask PIA

    Can the parents of a young driver who registers and insures a vehicle in his/her own name be held liable for a serious accident caused by their child? If yes, would the parent’s personal auto and umbrella policies provide any defense? For this question, assume the driver is under 18...

    If the parents own the vehicle, they are vicariously liable for anyone’s use of the vehicle except when the operator has stolen the vehicle (per Section 388 of the Vehicle and Traffic Law). If the parents do not own the vehicle, it will be necessary to come up with...

  9. Cyber security regulation—who is subject? | Ask PIA

    Who is subject to the cyber security regulation?

    All insurance agents, brokers and companies that are licensed in New York state are subject to the requirements of this regulation. This includes nonresident licensees. Covered entity means “any person operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization under the Banking...

  10. Special personal property coverage | Ask PIA

    Does anyone have some good examples of what would be covered under a homeowners policy with an HO 00 15 form that would NOT be covered without this?

    The Special Personal Property Coverage (HO 00 15) endorsement under the 1991 ISO Homeowners Program covers all risks of loss to personal property not excluded. It includes coverage for flood damage to property away from the insured’s residence, earthquake damage, the mysterious disappearance of property, damage caused by a young...

Search
Filter Clear