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ONTORIO (RIBO) AUTO EXAM FREQUENTLY TESTED QUESTIONS AND ACCURATE SOLUTIONS RATED A.
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ONTORIO (RIBO) AUTO EXAM FREQUENTLY TESTED QUESTIONS AND ACCURATE SOLUTIONS RATED A.
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ONTORIO (RIBO) AUTO EXAM FREQUENTLYTESTED QUESTIONS AND ACCURATE
SOLUTIONS RATED A.
Where there has been an auto loss, the insured is required to:
A. Abandon the automobile to the possession of the insurer.
B. Protect the automobile from further loss.
C. Try to personally settle the claim with a third party
D. Submit a proof of loss within 60 days.
B. Protect the automobile from further loss.
Under the OAP 1, the Loss of Use due to Theft provision:
A. Is only applicable to rent an automobile.
B. Is limited to $30 per day and $900 per occurrence.
C. Payments under this section will stop when your policy expires.
D. Will not cover costs until 72 hours after the theft has been reported.
Notes - $900 limit is correct but no such clause of $30 per day.
D. Will not cover costs until 72 hours after the theft has been reported.
The minimum limit of automobile liability allowable by law in the province of
Ontario is $200,000. In the event of claims for both bodily injury and property
damage which exceeds the limit, the money will be apportioned:
A. $195,000 B.I., $5,000 P.D.
B. $190,000 B.I., $10,000 P.D.
C. $180,000 B.I., $20,000 P.D.
D. $150,000 B.I., $50,000 P.D.
B. $190,000 B.I., $10,000 P.D.
,Except the claimants under the Family Law Act, lawsuits for Non-Economic Loss
due to an automobile accident are subject to the following?
A. $15,000 per person deductible.
B. $10,000 per occurrence deductible.
C. $25,000 per occurrence deductible.
D. $30,000 per person deductible.
HINT - Google says it should be as follows:
The amount of money you may receive for general damages is reduced by a
"statutory deductible" that is currently $37,983.33.
D. $30,000 per person deductible.
Under OAP 1, the Statutory Condition: Termination does not state:
A. Who may cancel the policy.
B. How much notice must be given.
C. The actual amount of premium to be refunded.
D. How the notice must be given.
C. The actual amount of premium to be refunded.
Your insured has brought a snowmobile and has called to advise you that his 14
year old daughter will also be driving the new machine. Your insured has an
existing OAP 1 policy for the snowmobile. What do you advise your insured
regarding this new information?
A. To add OPCF44 Family Protection to provide enhanced coverage for the
daughter as an operator.
B. To add OPCF32 which provides coverage for unlicensed operators when driving
the snowmobile off the road.
C. That the daughter should be fully covered as long as she takes a Snowmobile
Association approved operators course.
D. There is no coverage, as a person that young should not be driving a dangerous
machine.
,B. To add OPCF32 which provides coverage for unlicensed operators when driving
the snowmobile off the road.
Which of the following WOULD BE CONSIDERED "persons insured" under your
Uninsured Automobile Coverage?
A. The spouse of the insured when hit by an uninsured vehicle while walking the
dog.
B. The owner of the uninsured automobile.
C. Anyone who drives your vehicle, without the owner's consent.
D. Your brother who owns his own auto but is injured while riding in your auto.
A. The spouse of the insured when hit by an uninsured vehicle while walking the dog.
Which statement is FALSE pertaining to terminating an Automobile Policy?
A. The insurer is required to provide 15 days written notice by registered mail.
B. The insurer can terminate coverage by providing 5 days written notice which is
personally hand delivered.
C. The insured can terminate coverage anytime subject to returned premium on a
pro-rate basis.
D. The insurer must give the insured 30 days notice by registered mail when
cancelling for the first non payment of premium during the policy term.
C. The insured can terminate coverage anytime subject to returned premium on a
pro-rate basis.
Which of the following losses IS COVERED under the specified perils section of
the Auto Policy?
A. Damage caused by radioactive contamination.
B. Tapes stolen from the front car seat.
C. Damage caused when water freezes in the radiator.
D. Hail damage to the roof of the automobile.
D. Hail damage to the roof of the automobile.
Which of the following is NOT COVERED under the OAP1?
, A. General averages charged when the insured vehicle is jettisoned from a ferry
on which it is being transported.
B. Towing charges to remove the insured vehicle from a drainage ditch after an
accident.
C. Custom duties levied when the insured vehicle suffers a blown motor while
vacationing in the USA necessitating replacing the motor.
D. Damage to the insured auto, caused by a friend of the insured, who borrows the
vehicle with permission and is involved in an accident for which she is
responsible.
C. Custom duties levied when the insured vehicle suffers a blown motor while
vacationing in the USA necessitating replacing the motor.
If you have comprehensive coverage with the standard $300 deductible, the
deductible will apply to the following losses EXCEPT:
A. Theft of your auto's CD player.
B. Theft of your entire auto.
C. Lightening damage to your vehicle.
D. A broken window or damage or damage to the instrument panel of your auto as
a result of attempted theft.
C. Lightening damage to your vehicle.
All of the following statements about the risks insured by the Facility Association
are true EXCEPT which one:
A. The facility association only provides coverage for those who may not be able
to obtain insurance in the regular market.
B. To place a risk with the Facility, the application must be accompanied with a
rejection letter.
C. A broken can assign facility business to any insurer.
D. The Compulsory Insurance Act requires that all applicants must be able to
obtain an automobile insurance.
C. A broken can assign facility business to any insurer.
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