Description

Evaluate the differences that exist between two broad categories typically referred to as the Personal Auto Policy (PAP) and the “Non-Standard” or “Special” PAP (SPAP). The SPAP is used when the carrier wants to develop very competitively priced auto insured products, and is also used to limit coverage for a driver who has a less than satisfactory driving record, limit coverage if the applicant has unknown resident driver exposures, and to exclude certain business activities.