Ribo practice questions - Study guides, Class notes & Summaries

©THEBRIGHTSTARS 2024 RIBO EXAM (practice online) Questions With Correct Answers. Risk - answerChance of Loss- where the object of insurance maybe exposed Peril - answerCause of loss (wind, fire, water) Indemnification - answerWhen insurer provides exact amount of loss, no more no less - provided in money or another item of similar value Covered losses - answerAccidental and future (not on purpose or in the past) Alternatives to payment - answerRepair or replacement three types of insur...

RIBO Insurance Course Practice Questions Week 4.

RIBO Practice Exam Questions With Revised Answers If loss exceeds dollar amount - answerdeductible disappears if snowmobile sinks through the ice, covered by - answerall perils QC compulsory insurance - answerprovided by provincial and federal governments bill 59 - answer$15,000 deductible for pain and suffering office equipment floater - answerused for office-only risks, but not for dentist or doctor's offices boiler and machinery clause - answerincludes free inspection service as part...

RIBO Insurance Course Practice Questions Week 1.5.

RIBO Insurance Course Practice Questions Week 3.

RIBO Exam 1 Practice Questions

©THEBRIGHTSTARS 2024 RIBO Insurance Course Practice Questions Week 3 With Correct Answers. What is a main benefit of having an insurance application completed in writing and signed by the applicant? Select one: a. Provides accurate documentation of the coverage requested and confirms the accuracy of the information. b. Is less costly for the insurer to underwrite written applications than oral applications c. Allows the insured to get a premium discount of fifteen percent d. Allows th...

RIBO Exam 1 Practice Questions.

Saskatchewan d) Ontario and Nova Scotia - answerC Of the following, the person who most clearly has an insurable interest in an automobile is? a) The person who actually owns the automobile b) The person whose name appears on the auto insurance policy c) A person who has a lien on the auto d) A person who can legally drive the insured auto - answerA When there is an auto loss, the insured is required to: a) Abandon the automobile to the possession of the insurer b) Protect the automobil...

RIBO practice questions.