Ribo test - Study guides, Class notes & Summaries

RIBO TEST STUDYGUIDE 2024...

RIBO TEST #3 HOME INSURANCE Questions with Correct Answers

RIBO TEST 3 HOME INSURANCE ALREADY PASSED 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 Arson Conviction Reward Which of the following statements is CORRECT about the Highway Victims Indemnity Fund? It will not pay if the claimant is totally responsible for causing the accident. To cover costs...

Those exempt from RIB Act. - lawyers, agents, accountants, adjusters, travel insurance agents, admin staff, trustee, reinsurance broker. Who can be a broker? - - age of majority - of good character - no criminal charges - no refused, suspended or revoked licenses - meet educational and experience requirements of Qualification and Registration Committee. - complies with Act - only business is Insurance Broker Insurance Broker defined: - Any person who for any commission, compensation or...

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 answers Arson Conviction Reward Which of the following statements is CORRECT about the Highway Victims Indemnity Fund? correct answers It will not pay if the claimant is totally responsible for causing the accident. To cover costs for a...

RIBO Practice Test 5a Auto UPDATED Exam Questions and CORRECT Answers Which of the following provinces offer only government compulsory auto insurance? a) Alberta, Quebec and Saskatchewan b) Saskatchewan, Quebec and Manitoba c) British Columbia, Manitoba and Saskatchewan d) Ontario and Nova Scotia - Correct Answer- C

Ribo Test #2 Attempt Exam Questions With Correct Answers. The original perils insured by the Basic Fire Policy include - answerfire, lighting and limited explosion The Basic Fire Policy covers which of the following perils? - answerfire, direct damage by lightning and limited explosion After the theft of a vehicle, when does the Loss of Use section begin reimbursement? - answer72 hours after the theft has been reported to the insurer or to the police The insured asks her broker to delet...

RIBO Practice Test 5a Auto with complete solution

BB Practice Test 2 RIBO UPDATED Exam Questions and CORRECT Answers As a broker holding a restricted license you are not able to: a) Sell insurance policies on behalf of more than one insurer b) Open and operate a trust account c) Counsel Potential clients on the insurance choices available d) Bind coverage - Correct Answer- b Rules and agreements concerning binding insurance coverage by brokers are