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Insurance & Risk Management
17. Chapter 20: Auto Insurance/Part A: Liability Coverage
17. Chapter 20: Auto Insurance Illustration
Syllabus Slides

Part A: Liability Coverage

01.Core Concepts

If an accident occurs in another state, and the financial responsibility law in that state has higher liability limits than shown in the declarations, the PAP automatically provides the higher limits If more than one liability policy covers a loss: The insurer pays its pro rata share of the loss for an owned vehicle The insurance coverage is excess over any other insurance for a nonowned vehicle