Cip c14 auto - Study guides, Class notes & Summaries

CIP C14 Auto - Chapter 3 - No-Fault Concepts, CIP C14 Auto - Chapter 1-3

1. What are the major classes of automobile risks? : Private passenger, commercial vehicles, public automobiles, recreational vehicles, garage risks, non-owned automobiles. 2. Name the four aspects of each risk that must be considered in rating. How does each one affect the rate? : Territory where the automobile is used, class of automobile and its uses, drivers, the automobile itself. 3. What makes an insurance rate different from the price of another commodity? : When setting a reta...

1. Identify the two distinct legal systems used in Canada. : Quebec Civil Code and Common Law 2. Why is common law also called "judge-made law"? : Common Law is based on precedent, on decisions made by judges in previous similar cases. 3. What is the Civil Code of Quebec? : General law that contains all of the basic provisions that govern life in society, namely relationships among citizens and the relationships between people and property. 4. Give an example of a law that has been...

CIP C14 Auto - Chapter 18_ Pension Funds

CIP C14 AUTO-INTRO TO AUTO INSURANCE QUESTIONS AND CORRECT ANSWERS LATEST

1. What are the major classes of automobile risks? : Private passenger, commercial vehicles, public automobiles, recreational vehicles, garage risks, non-owned automobiles. 2. Name the four aspects of each risk that must be considered in rating. How does each one affect the rate? : Territory where the automobile is used, class of automobile and its uses, drivers, the automobile itself. 3. What makes an insurance rate different from the price of another commodity? : When setting a reta...

CIP C14 Auto - Chapter 1+2

CIP C14 Auto - Chapter 12 - Regulation of Automobile Insurance in Ontario,

CIP C14 AUTO – CHAPTER 1 – INTRO TO AUTO INSURANCE QUESTIONS WITH 100% CORRECT ANSWERS 2024 LATEST UPDATE 1. Identify the two distinct legal systems used in Canada. - -------- CORRECT ANSWERS----------Quebec Civil Code and Common Law 2. Why is common law also called "judge-made law"? - -------- CORRECT ANSWERS----------Common Law is based on precedent, on decisions made by judges in previous similar cases. 3. What is the Civil Code of Quebec? - -------- CORRECT ANSWERS----------General ...