IRMI Update Quiz
Question: Which of the following statements best describes the scope of state-specific requirements in personal auto insurance policies?
A. All states are required to follow a uniform set of auto insurance laws and endorsement requirements.
B. Personal auto insurance laws and endorsements are consistent across most jurisdictions, with a few key exceptions.
C. Personal auto insurance laws vary significantly across states with regards to cancellation, nonrenewal, financial responsibility, and uninsured/underinsured motorists provisions.
D. Only physical damage coverage is affected by state-specific auto insurance laws.
Correct Answer: C. Personal auto insurance laws vary significantly across states with regards to cancellation, nonrenewal, financial responsibility, and uninsured/underinsured motorists provisions. (See which 19 states' laws were recently updated.)
