Under a liability policy with split limits of 50/100/30, what is the maximum payout for injury to a single person?

Study for the Nevada Property and Casualty Exam with multiple choice questions and detailed explanations. Ace the test and become a licensed professional!

In a liability policy with split limits, the figures represent the maximum amounts that the insurance will pay in different scenarios. The first figure refers to the maximum payout for bodily injury per person, the second figure is the total maximum payout for bodily injury per accident (which applies to all injured persons), and the third figure pertains to property damage coverage.

In this case, with split limits of 50/100/30:

  • The first figure, $50,000, indicates the maximum payout for injury to a single individual.

  • The second figure, $100,000, is the maximum that the insurer will pay for bodily injury per accident, covering multiple people if there are severe injuries.

  • The third figure, $30,000, indicates the limit for property damage caused by the insured.

Thus, the appropriate maximum payout for injury to a single person is $50,000, making this option the correct one. The other options do not represent the limits defined in this particular policy configuration.

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