Florida Insurance Claims Adjuster License Practice Exam

Which is the largest limit available for commercial vehicles in the residual market?

1. A. Any higher limits required by any law

2. B. 100/300/50

3. C. 250/500/250

4. D. 250/500/100

The correct answer is: A. Any higher limits required by any law

In the commercial vehicle market, there are several limit options available for insurance coverage. Option B, 100/300/50, represents a limit of $100,000 for bodily injury coverage per person, $300,000 for bodily injury coverage per accident, and $50,000 for property damage coverage. Option C, 250/500/250, represents a limit of $250,000 for bodily injury coverage per person, $500,000 for bodily injury coverage per accident, and $250,000 for property damage coverage. Option D, 250/500/100, represents a limit of $250,000 for bodily injury coverage per person, $500,000 for bodily injury coverage per accident, and $100,000 for property damage coverage. However, the largest limit available for commercial vehicles in the residual market is any higher limits required by law, as stated in option