Maryland Property & Casualty Insurance License Exam — All Questions
3 questions
What are Maryland's minimum auto liability limits for a private passenger vehicle?
- a.$25,000 / $50,000 / $25,000
- b.$30,000 / $60,000 / $15,000✓
- c.$15,000 / $30,000 / $10,000
- d.$50,000 / $100,000 / $25,000
Maryland's minimum liability limits are 30/60/15: $30,000 bodily injury per person, $60,000 per accident, and $15,000 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 Maryland Insurance Administration.
Beyond liability, which two coverages does Maryland require on a personal auto policy?
- a.Collision and comprehensive
- b.Gap and rental reimbursement
- c.Uninsured/underinsured motorist (UM/UIM) and personal injury protection (PIP)✓
- d.Towing and roadside assistance
Maryland requires bodily injury and property damage liability plus uninsured/underinsured motorist coverage and personal injury protection (PIP), per the Insurance Information Institute state chart. PIP in Maryland may be waived in writing under certain conditions; confirm the current PIP amount and waiver rules with the Maryland Insurance Administration.
How is Maryland's auto system best characterized with respect to the right to sue?
- a.A pure no-fault state that bars most auto injury lawsuits
- b.An 'add-on' PIP state: PIP first-party benefits are required, but the injured party keeps the full right to sue the at-fault driver✓
- c.A pure tort state with no first-party medical coverage available
- d.A state-run fund that pays all injury claims
Maryland is an add-on state: it requires personal injury protection (first-party medical/wage benefits) but is not a no-fault state, so an injured person retains the full right to sue the at-fault driver. Confirm the current PIP requirement and any waiver with the Maryland Insurance Administration.