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What type of automobile insurance should you offer to the owner of a business who does not own an automobile but who has employees who may drive their own automobile on company business?

What type of automobile insurance should you offer to the owner of a business who does not own an automobile but who has employees who may drive their own automobile on company business?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What type of automobile insurance should you offer to the owner of a business who does not own an automobile but who has employees who may drive their own automobile on company business? OA) O.P.F. 6 Non-owned Automobile Form. OB) O.A.F. 2 Driver's Form. OC) O.A.P. 1 Owner's Policy. OD) There is no policy available to someone who does not own an automobile.
Transcribed Image Text:What type of automobile insurance should you offer to the owner of a business who does not own an automobile but who has employees who may drive their own automobile on company business? OA) O.P.F. 6 Non-owned Automobile Form. OB) O.A.F. 2 Driver's Form. OC) O.A.P. 1 Owner's Policy. OD) There is no policy available to someone who does not own an automobile.
An individual comes to your office and requests an automobile insurance policy. He/she has valid owner and driver permits, but reveals a driving record that includes several impaired driving convictions. It is 10:30 a.m. and the person has every appearance that they could have another impaired charge on the way home. You are also very aware that the management of your office is concerned with its loss ratio. What would be an appropriate response? OA) Tell the individual your companies are unable to help because of their current restrictions on drivers with impaired convictions. OB) Send him/her down the street to a competitor whom you feel is more inclined to write this class of business. OC) Ask the individual to complete an application which you will submit to an insurer. OD) Tell the individual you require payment of a fee for service before you search for an insurer to accept an application.
Transcribed Image Text:An individual comes to your office and requests an automobile insurance policy. He/she has valid owner and driver permits, but reveals a driving record that includes several impaired driving convictions. It is 10:30 a.m. and the person has every appearance that they could have another impaired charge on the way home. You are also very aware that the management of your office is concerned with its loss ratio. What would be an appropriate response? OA) Tell the individual your companies are unable to help because of their current restrictions on drivers with impaired convictions. OB) Send him/her down the street to a competitor whom you feel is more inclined to write this class of business. OC) Ask the individual to complete an application which you will submit to an insurer. OD) Tell the individual you require payment of a fee for service before you search for an insurer to accept an application.
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