Tennessee Property & Casualty Insurance License Exam — All Questions

What are Tennessee's minimum bodily-injury auto liability limits under its financial-responsibility law?

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

Tennessee Code Annotated 55-12-102 sets minimum bodily-injury limits of $25,000 for one person and $50,000 per accident (25/50), for policies effective after December 31, 2022. Because minimums can change, confirm the current figures with the Tennessee Department of Commerce and Insurance.

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

• a.$10,000 per accident
• b.$15,000 per accident
• c.$25,000 per accident✓
• d.Tennessee has no property-damage minimum

Under Tennessee Code Annotated 55-12-102, the minimum property-damage liability limit is $25,000 per accident, alongside the 25/50 bodily-injury minimums. These statutory minimums can change; verify current figures with the Tennessee Department of Commerce and Insurance.

Tennessee lets a driver satisfy the financial-responsibility limits with a single combined (single-limit) amount. What is that amount?

• a.$50,000 applicable to one accident
• b.$65,000 applicable to one accident✓
• c.$80,000 applicable to one accident
• d.$100,000 applicable to one accident

Tennessee Code Annotated 55-12-102 allows a single-limit alternative of $65,000 applicable to any one accident (or a deposit/bond in that amount) in place of the split 25/50/25 limits. Confirm the current figure with the Tennessee Department of Commerce and Insurance.

How is Tennessee's auto system best characterized with respect to the right to sue?

• a.A no-fault state that restricts auto injury lawsuits
• b.An add-on state with mandatory first-party PIP benefits
• 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

Tennessee is a tort, or at-fault, state: it does not mandate no-fault PIP, 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 (Tenn. Code Ann. 55-12-102). Confirm current requirements with the Tennessee Department of Commerce and Insurance.