Rhode Island Property & Casualty Insurance License Exam — All Questions

What are Rhode Island's minimum bodily-injury auto liability limits?

• a.$15,000 per person / $30,000 per accident
• b.$25,000 per person / $50,000 per accident✓
• c.$50,000 per person / $100,000 per accident
• d.$30,000 per person / $60,000 per accident

Under R.I. Gen. Laws Section 31-47-2, Rhode Island's minimum motor-vehicle bodily-injury limits are $25,000 per person and $50,000 per accident (confirmed at webserver.rilegislature.gov). Because minimums can change, verify the current limits with the Rhode Island Department of Business Regulation.

What is Rhode Island's minimum property-damage liability limit for an auto policy?

• a.$25,000 per accident✓
• b.$10,000 per accident
• c.$5,000 per accident
• d.$50,000 per accident

R.I. Gen. Laws Section 31-47-2 sets Rhode Island's minimum property-damage liability limit at $25,000 per accident, alongside the 25/50 bodily-injury minimums, for the 25/50/25 requirement. These are statutory minimums that can change; confirm current figures with the Rhode Island Department of Business Regulation.

Rhode Island law allows an insured to satisfy the auto minimum-limits requirement with a single consolidated amount. What is that combined single limit?

• a.$50,000
• b.$60,000
• c.$75,000✓
• d.$100,000

In addition to the split 25/50/25 limits, R.I. Gen. Laws Section 31-47-2 permits a $75,000 combined single limit that consolidates bodily injury and property damage into one amount (confirmed at webserver.rilegislature.gov). Verify the current figures with the Rhode Island Department of Business Regulation.

How is Rhode Island's auto insurance system best characterized with respect to the right to sue?

• a.A no-fault state that restricts auto injury lawsuits
• b.A verbal-threshold no-fault state
• c.A tort ('at-fault') state in which the injured party keeps the right to sue the at-fault driver✓
• d.A state with no financial-responsibility requirement

Rhode Island is a tort, or at-fault, state: it is not on the Insurance Information Institute's list of no-fault states, so an injured person keeps the right to sue the at-fault driver for damages. Compulsory liability coverage still applies under the state's financial-responsibility law. Confirm current requirements with the Rhode Island Department of Business Regulation.