Kentucky Property & Casualty Insurance License Exam — All Questions
3 questions
What are Kentucky's minimum auto liability limits for a private passenger vehicle?
- a.$15,000 / $30,000 / $10,000
- b.$25,000 / $50,000 / $25,000✓
- c.$50,000 / $100,000 / $25,000
- d.$20,000 / $40,000 / $5,000
Kentucky's minimum liability limits are 25/50/25: $25,000 bodily injury per person, $50,000 per accident, and $25,000 property damage, per the Insurance Information Institute state financial-responsibility chart. These are minimums that can change by law, so confirm current figures with the Kentucky Department of Insurance.
How does Kentucky's auto insurance system treat the right to sue after an accident?
- a.Pure tort with no personal injury protection ever required
- b.Pure no-fault that completely bars lawsuits for auto injuries
- c.A 'choice' no-fault system: personal injury protection applies with a tort threshold, but a motorist may reject the threshold in writing to preserve the full right to sue✓
- d.A state-run fund pays all injury claims regardless of fault
Kentucky is a choice (add-on/no-fault hybrid) state: it uses personal injury protection with a monetary tort threshold, but a motorist may reject that threshold in writing and keep the unrestricted right to sue, per the Insurance Information Institute no-fault overview. Verify the current threshold and benefit amounts with the Kentucky Department of Insurance.
Under Kentucky's system, which first-party coverage pays an insured's own medical and related expenses regardless of fault (unless rejected)?
- a.Collision coverage
- b.Personal injury protection / basic reparation benefits (PIP/BRB)✓
- c.Property damage liability
- d.Comprehensive coverage
Kentucky's no-fault framework provides personal injury protection, known in the statute as basic reparation benefits (BRB), which pays the insured's own accident expenses regardless of fault unless the tort limitation is rejected. Confirm the current required benefit amount with the Kentucky Department of Insurance rather than quoting a fixed figure.