Vermont Property & Casualty Insurance License Exam — All Questions
3 questions
What are Vermont'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
Vermont Statutes Title 23, section 801 sets minimum bodily-injury limits of $25,000 per person and $50,000 per accident (25/50). Because minimums can change, confirm the current figures with the Vermont Department of Financial Regulation.
What is Vermont's minimum property-damage liability limit for an auto policy?
- a.$10,000 per accident✓
- b.$25,000 per accident
- c.$50,000 per accident
- d.Vermont has no property-damage minimum
Under Vermont Statutes Title 23, section 801, the minimum property-damage liability limit is $10,000 per accident, alongside the 25/50 bodily-injury minimums. These statutory minimums can change; verify current figures with the Vermont Department of Financial Regulation.
How is Vermont'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
Vermont 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, including uninsured/underinsured motorist coverage, still applies. Confirm current requirements with the Vermont Department of Financial Regulation.