What is NOT included in the statutory conditions for auto insurance?

The statutory conditions for auto insurance are designed to outline the rights and responsibilities of both the insurer and the insured under the insurance policy. These conditions typically cover various aspects of auto insurance, including correct classification of risks, prohibited uses of the vehicle, and material changes in risk that could affect the insurance policy.

Political risk, however, is not a standard component of these statutory conditions. This term often refers to the potential financial losses that could arise from political instability or governmental actions in a broader context, such as investments or international business. In the realm of auto insurance, the focus is primarily on the insured vehicle's usage and the associated risks, making political risk irrelevant to the statutory conditions for auto coverage.

In contrast, incorrect classification relates to how the risk associated with a vehicle is assessed, prohibited use refers to situations in which the vehicle cannot legally or safely be operated under the policy, and material change in risk addresses any substantial alterations in circumstances that would affect the underwriting of the policy. Hence, while the first three are clearly aligned with the statutory requirements for auto insurance, political risk does not fall within those legal conditions.