If three people are injured in an accident and the auto liability policy has split limits of 15/30/5, what is the maximum payout for bodily injury?

Study for the Georgia Personal Lines Agent Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The maximum payout for bodily injury in an auto liability policy with split limits of 15/30/5 is determined by understanding what the numbers indicate. In this case, the split limits are separated into three components: the first number represents the maximum payout for bodily injury per person, the second number represents the maximum payout for all bodily injury claims per accident, and the third number represents the limit for property damage.

The second number, which is $30,000, indicates that the insurance policy will cover up to $30,000 in total for all bodily injuries per accident. This means that if multiple people are injured in the same accident, the total payout for all of their bodily injury claims combined cannot exceed this amount.

Since there are three people injured, it's essential to consider that while the payout for each individual is limited to $15,000, the total payout in the event of multiple injuries will not surpass $30,000 due to the aggregate limits of the policy. Therefore, specifically focusing on the maximum amount available for covering bodily injuries from the accident as a whole supports that the correct answer is $30,000.

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