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RIBO Test/Exam Bundled Resources with Complete Solution | Expert Verified 2024/2025 | Guaranteed Success
RIBO Test/Exam Bundled Resources with Complete Solution | Expert Verified 2024/2025 | Guaranteed Success
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RIBO Insurance Exam Latest Version 2024/2025 Expert-Verified Q&As
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*What is a legally binding contract?* (Common Law Contracts) - Agreement - an offer by one party and an acceptance by second party Consideration - it must include price/value and in the present or future (money or sealed documents) Capacity to legally contract - persons must not be minor, insane,...
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Add to cart*What is a legally binding contract?* (Common Law Contracts) - Agreement - an offer by one party and an acceptance by second party Consideration - it must include price/value and in the present or future (money or sealed documents) Capacity to legally contract - persons must not be minor, insane,...
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RIBO – General Exam Questions Latest Version 2024/2025 Expert-Verified Q&As
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"Offer" and "acceptance" is best described as being: - Unconditional-communicated-same mannerwithin time limit A broker/agent is responsible for what? - Writing only those classes of business acceptable to his/her insurer. A building owned by A is sold for cash to B. Two days after the sale, ...
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Add to cart"Offer" and "acceptance" is best described as being: - Unconditional-communicated-same mannerwithin time limit A broker/agent is responsible for what? - Writing only those classes of business acceptable to his/her insurer. A building owned by A is sold for cash to B. Two days after the sale, ...
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RIBO: ENTRY LEVEL 1 Exam Prep Latest Version 2024/2025 Expert-Verified Q&As
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10 Included ONT. automobiles in OAP #1 (PT BMS RAT LC) - Private passenger vehicle Trucks Buses Motorcycle Snowmobiles Recreational vehicle (RV) All-Terrain Vehicles (ATV) Trailers Leased Vehicles Commercial Vehicles 2% Waiver - Pay loss in full (LOSS) 3 Ways risk (management) is deal...
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Add to cart10 Included ONT. automobiles in OAP #1 (PT BMS RAT LC) - Private passenger vehicle Trucks Buses Motorcycle Snowmobiles Recreational vehicle (RV) All-Terrain Vehicles (ATV) Trailers Leased Vehicles Commercial Vehicles 2% Waiver - Pay loss in full (LOSS) 3 Ways risk (management) is deal...
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RIBO – Habitational Exam Latest Version 2024/2025 Expert-Verified Q&As
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A building is valued at $500,000 with a Fire and EC Policy. The insurer stipulates a 90% co-insurance clause will apply on the policy. The building is insured for $300,000. One month after the policy has been issued; they building suffered a theft loss of $100,000. There is a $1,000 deductible. Ho...
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Add to cartA building is valued at $500,000 with a Fire and EC Policy. The insurer stipulates a 90% co-insurance clause will apply on the policy. The building is insured for $300,000. One month after the policy has been issued; they building suffered a theft loss of $100,000. There is a $1,000 deductible. Ho...
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RIBO Exam Latest Version 2024/2025 Expert-Verified Q&As
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A cigarette sets an automobile seat on fire and causes $450 damage. The policy shows a $300 deductible under Specified Perils. What would the insurer pay? - $450 A claim under a liability policy may be triggered by which of the following? - A negligent act A Commercial Crime Insurance Policy: - A...
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Add to cartA cigarette sets an automobile seat on fire and causes $450 damage. The policy shows a $300 deductible under Specified Perils. What would the insurer pay? - $450 A claim under a liability policy may be triggered by which of the following? - A negligent act A Commercial Crime Insurance Policy: - A...
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ONTARIO AUTO EXAM (RIBO) Latest Version 2024/2025 Expert-Verified Q&As
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A cigarette sets the automobile seat on fire and causes $450 damage. The policy shows a $300 deductible under Specified Perils. The insurer would pay: A. $0 B. $150 C. $300 D. $450 Deductible does not apply or is $0 in case of fire or lightening. - D. $450 A client phones to tell you he has b...
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Add to cartA cigarette sets the automobile seat on fire and causes $450 damage. The policy shows a $300 deductible under Specified Perils. The insurer would pay: A. $0 B. $150 C. $300 D. $450 Deductible does not apply or is $0 in case of fire or lightening. - D. $450 A client phones to tell you he has b...
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