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PACKAGE DEAL OF RIBO ACTUAL COMBINED QUESTIONS WITH COMPLETE SOLUTION

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PACKAGE DEAL OF RIBO ACTUAL COMBINED QUESTIONS WITH COMPLETE SOLUTION Exam (elaborations) 7. RIBO Lab Question and answers 100% correct Exam (elaborations) Comprehensive, Tenants, Condo, unit owner package policy : RIBO Question and answers rated A+ Exam (elaborations) Level 2 Management – RIBO Question and answers rated A+ Exam (elaboration

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RIBO - C81 - Chpt 4 Question and answers rated A+

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RIBO - C81 - Chpt 4 Question and answers rated A+ Application - correct answer Application is a request for insurance. It is a primary declaration by the applicant detailing risk, coverage and other details essential to properly insure the risk. Coverage - correct answer What the insurance contract covers Material Facts - correct answer Information about the subject of insurance, insured risk, that, if known, would change the underwriting basis of the insurance, and which could ca...

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RIBO TEST #3 HOME INSURANCE QUESTION AND ANSWERS CORRECTLY SOLVED

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RIBO TEST #3 HOME INSURANCE QUESTION AND ANSWERS CORRECTLY SOLVED In the Homeowners Comprehensive Policy, there are Extensions of Coverage provided. Which of the following extensions increase the amount of insurance? a. Tear Out b. Moving to Another Home Incorrect c. Arson Conviction Reward d. Lock Replacement - correct answer Arson Conviction Reward Which of the following statements is CORRECT about the Highway Victims Indemnity Fund? - correct answer It will not pay if the claim...

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RIBO Study 1 Notes Question and answers verified to pass

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RIBO Study 1 Notes Question and answers verified to pass Insurance Contract - correct answer A contract between the insured and the insurer Insurance general Rule - correct answer Sharing the losses of a few amongst the many. 2 Important Elements on an Insurance Contract - correct answer Must be in the future and the future event must be fortuitous (accidental) 3 Categories of Insurable Risk - correct answer Personal, Property, Liability 3 Classes of Insurance / Risk - cor...

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RIBO RIBO ACT INFORMATION EXAM QUESTIONS AND ANSWERS CORRECTLY SOLVED

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RIBO RIBO ACT INFORMATION EXAM QUESTIONS AND ANSWERS CORRECTLY SOLVED incapacitated member - correct answer a member suffering from a physical or mental condition or disorder and can no longer carry on business as a registered insurance broker, this is typically determined by the manager. insurance broker - correct answer any person who for any compensation, commission or other thing of value, with respect to persons or property in Ontario, deals directly with the public. member - ...

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RIBO Level 1 – Review Questions with complete solution

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RIBO Level 1 – Review Questions with complete solution Non-disclosure - correct answer Withholding facts necessary to underwrite a risk Independent Adjuster - correct answer Someone who adjusts losses on behalf of the insurance companies, but is not employed by them Reinsurance - correct answer A form of insurance whereby one insurance company (the reinsurer) in consideration of a premium paid to it, agrees to indemnify another insurance company (the ceding company) for part or...

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RIBO exam prep Question and answers already passed

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RIBO exam prep Question and answers already passed Implied Contract - correct answer a contract that comes about from the actions of the parties Express Contract - correct answer Terms have been specificity states and agreed upon by both parties Reinsurance - correct answer insurance for insurance companies Frequency - correct answer Percentage of what we insure. severity - correct answer $ amount of the loss contract - correct answer agreement between two or more ...

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Ribo: Travel part Question and answers rated A+

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Ribo: Travel part Question and answers rated A+ Out of province Travel Insurance is available to: a) Only those travelers who are retired or semi retired b) all travelers who reside in any province of Canada except Quebec c) All travelers regardless of province d) All travelers who are registered with the OHIP Out of Canada benefits dept. - correct answer C Generally OHIP ceases to cover your health care if you are absent from Ontario for over: a) 60 days b) 90 days c) 212 day...

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RIBO Chapter 6 Definitions Questions with complete solution

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RIBO Chapter 6 Definitions Questions with complete solution Code of Conduct - correct answer As defined under regulation 992 Section 14 (see page 28 of text) Corporation - correct answer A business operation that declares the business as a separate, legal entity guided by a group of officers known as a board of Directors Discipline Committee - correct answer A discipline panel comprising four brokers and a public member that conducts hearings very similar to those of a court of la...

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