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RIBO GENERAL EXAM WITH QUESTIONS AND ANSWERS ...

RIBO General Insurance Essentials - C81 + C82 100% Correct

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RIBO - General with complete solution

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RIBO – General Questions and Answers Already Graded A Which of the following provinces offer only government compulsory auto insurance? British Columbia, Manitoba and Saskatchewan The definition of ordinary negligence? Is the failure to do what a reasonable person would do in a given situation. A broker/agent is responsible for what? Writing only those classes of business acceptable to his/her insurer. An insurance contract contains all of the elements of any other legal contract. One eleme...

What is General Insurance also known as? - AnswerProperty and Casualty (P&C) Insurance RIBO is not a - AnswerTrade Association Define Insurance - AnswerThe undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event When was The Great Fire of London? - Answer1666 What is property? - A...

Which of the following provinces offer only government compulsory auto insurance? Correct Answer-British Columbia, Manitoba and Saskatchewan The definition of ordinary negligence? Correct Answer-Is the failure to do what a reasonable person would do in a given situation. A broker/agent is responsible for what? Correct Answer-Writing only those classes of business acceptable to his/her insurer. An insurance contract contains all of the elements of any other legal contract. One element th...

Which of the following provinces offer only government compulsory auto insurance? - Answer-British Columbia, Manitoba and Saskatchewan The definition of ordinary negligence? - Answer-Is the failure to do what a reasonable person would do in a given situation. A broker/agent is responsible for what? - Answer-Writing only those classes of business acceptable to his/her insurer. An insurance contract contains all of the elements of any other legal contract. One element that must also be cont...

"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, a fire destroys the building causing a loss of $100,000. Neither the broker nor the insurer was notified of the change in ownership. The insurer would pay: - Nothing. (when you sell your house, you ...