param

The Federal Department of Insurance is most interested in which of the following?

Rules or agreements concerning the binding of coverage by brokers are:

The unearned premium reserve is a fund for the protection of the public that:

R.I.B.O (Registered Insurance Brokers of Ontario) is:

Who is protected by a mortgage clause in a property insurance policy?

In general, when an insurance company indemnifies an insured, it tries to:

In arranging an insurance contract the broker must always:

Your insured request that his automobile policy be cancelled part way through the term. The refund due to the insured would be calculated on:

In many ways an insurance contract is similar to a legal contract one might encounter. One feature that it does not share with any other contract is:

Of the following individuals, who has the legal capacity to contract:

Of the following persons or organizations who could have an insurable interest in a piece of real property (real estate)?

An insured owns a building valued at $200,000 and insures it for same amount subject to an 80% co-insurance clause. A fire does $100,000 damage. How much of the loss will the insurer pay?

An insured owns a building valued at $100 000 and insured it for $70,000 with a 90% co-insurance clause. The building is damaged by fire to an extent of $25,000. How much of the loss will the insurer pay for?

You insure your new home in the country. It is twelve miles from town and has no available fire protection. You write one policy for $1,000,000 All Risk and since none of your companies would write the whole amount you insure it using three companies. This is known as:

Pure premium is the:

A person wishing to buy insurance may complete:

A binder

A subscription policy differs from other policies in that:

A legal person is one who:

People who stand in such relationship to property that they may be financially prejudiced by its loss and financially benefit from its continuing existence are said to have:

Contribution is the:

The proximate cause is:

With respect to salvage:

Insurance is:

Risk is:

When we speak of General Insurance, we mean:

An independent agent or broker must maintain a trust account:

An insurer wishing to terminate an insurance policy may do so by:

Misrepresentation discovered by an insurer may result in the policy being voided. To do so successfully, the insurer must show:

The insured, under a Fire Policy, goes bankrupt and there is loss shortly afterward. Which one (1) of the following statements are true?

Statutory Conditions in a Fire Policy are primarily to protect the rights of:

Misrepresentation by the insured in applying for insurance:

The Standard Mortgage Clause approved by the Insurance Bureau of Canada and generally used throughout the insurance industry outlines:

Improvements and Betterments made to a Condominium Unit by its owner are:

The contents of a building are insured for $90 000 but valued at $200 000. The policy contains a 90% co-insurance clause with a $2 500 deductible. A fire damages the contents to the extent of $20 000. How much would the policy pay?

Your client has a Homeowners Comprehensive Policy through your office. She decides to go into business for herself and opens up a hairdressing salon in her home without telling you. She has no employees. How may this affect her insurance policy?

Additional Living Expense under a Homeowners Comprehensive policy is payable when the premises become unfit for occupancy in which one (1) of the following circumstances?

The Condominium Unit Owners Comprehensive Policy includes which one (1) of the following?

Your clients advise they are having their house renovated. Until it is ready for occupancy, they will be placing most of their goods in storage for six weeks. They ask you if coverage under their Homeowners Comprehensive policy will extend to the property in storage. You advise them that:

Your client has a $100 000 Homeowners Comprehensive policy with a $200 deductible. They are planning to build a new garage and begin to buy the necessary building materials. $2000 worth of materials is stored in their backyard and $3000 worth in the brother's garage two blocks away. The brother's garage is totally destroyed by fire, along with your client's materials stored there. How much can your client collect under their own policy?

A dwelling valued at $100 000 is owned and insured by three persons. The first person has $50 000 invested. The second person has $25 000 invested and the third person has $25 000. The first person resides in the house. It is insured for $60 000. The building is demolished by a tornado. How much would the second person receive from the insurers?

Your insured phones you and tells you that while visiting with his prospective in- laws, he accidentally burnt a small hole in their oriental rug. The insured wishes to know if the cost of repairing the rug is covered under his Tenants Comprehensive policy. You advise:

Which one (1) of the following coverages under a Homeowners Comprehensive policy including Inflation Protection is NOT automatically increased in amount at the anniversary of the policy?

In claiming for damage to a building under a Homeowners Comprehensive policy, the insured has two options: (A) replacement cost settlement: or (B) actual cash value settlement. If the insured opts for (A), which (1) of the following requirements does NOT apply?

Your insured owns one of each of the vehicles listed and seeks advice concerning coverage. Which one (1) is covered under the Liability section of the Homeowners Comprehensive policy?

Your client has a $120,000 Homeowners Comprehensive policy. Due to fire which months, at a rent of $1000 per month. If we assume your client's mortgage payments are causes substantial damage to the home, the family must rent another house for three $900 Comprehensive policy pay towards the cost of renting the temporary house (ignore the deductibles).

The "pair and sets" clause in an insurance policy means:

In Section 2 Liability Coverage of the Homeowners Comprehensive policy, coverage is provided for Voluntary Payment for Damage to Property in which one of the following situations?

Your insured has a Tenants Comprehensive Policy through your brokerage. He has signed a waiver which releases the landlord from liability for injury or damage occurring on the premises being rented. A fire in the building damages your insured's contents. It is established that the landlord was responsible for the fire. Which of the following statements is correct regarding coverage under the policy?

Your client has a Comprehensive Condominium policy through your brokerage subject to a $500 deductible. The common areas of the building suffer severe damage which is not covered by the Condominium Corporations Master Policy. The loss is covered under your client's policy. The Corporation has assessed your client $2,000 of the damages. How would your clients policy respond?

The liability section of a Homeowners Comprehensive policy does NOT provide coverage for which one of the following properties?

If an insurer discovers a misrepresentation has been made by an insured on a new application, which one of the following steps may the Insurer NOT take if the representation is material to the risk?

Your insured owns 2 Secondary residences on the same property and rents one out for $500.00 per month. A windstorm totally destroys the rental residence and it will take 5 months to rebuild the dwelling. The Secondary policy covers the building for $100,000 subject to a $500 deductible. How much would the insured collect under the Rental Value section of the Secondary policy in addition to the total loss of the dwelling?

To what extent does A2 Loss Assessment Coverage in the Comprehensive Condominium Unit Owners policy cover an assessment against a Unit owner?

Your client has closed their seasonal residence for the winter and is not intending to return until spring. What is the status of the premises?

Risk is:

Insurers achieve a spread of risk by:

Actual Cash Value is:

An express contract between an agent and principal is one in which the:

Where there is a co-insurance clause in a replacement cost policy, it is necessary to determine:

If an insured requests mid-term cancellation of a policy, the insurer will:

Which one (1) of the following perils may be insured under a property insurance policy?

The Sue and Labour Clause in an insurance policy is designed to:

Laws regulating the zoning, demolition, repair or construction of buildings and their related services can increase costs of repair to buildings. These increased costs are:

A binder.

Proximate cause is:

Subrogation:

The basic perils Insured by each and every Basic Fire Policy include:

Which of the following is NOT an extended coverage peril.

Nearly every insurance policy has Policy Conditions, which are common to all policies issued in a particular class. Some policies contain Statutory Conditions. Which one (1) of the following types of insurance has Statutory Conditions?

Which one (1) of the following affects the amount of settlement of an insured loss?

The insured calls to report someone has broken into their unlocked seasonal dwelling. You would advise

The insured, under a property policy, goes bankrupt and there is a loss shortly thereafter. Which (1) one of the following statements is TRUE?

The contents of a building are insured for $45,000 but valued at $100,000. The policy contains a 90% co-insurance clause along with a $2,500 deductible clause. If fire damages the contents to the extent of $8,000, how much would the insurer pay?

Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Coverages, is usually subject to a deductible. It does not apply to damage caused by:

Uninsured Automobile coverage:

A client phones to tell you he has bought a high-end stereo system costing $5,000, which has just been installed in his car. What should you tell him?

One of the following statements is correct. Which one (1) is it? Electronic accessories or equipment are covered under O.A.P. 1 Owner's Form:

Your insured parks his/her automobile at a shopping mall and on his/her return finds it has been damaged by another vehicle. Your insured has 0.A.P. 1 Owner's Form with Liability, Accident Benefits, Comprehensive and OPCF44, Family Protection Endorsement coverages. What section would cover the damage?

Insurance under Section 7 of O.A.P. 1 Owner's Form, Loss or Damage Coverages, is usually subject to a deductible. It does not apply to loss or damage caused by:

Your insured calls to report while ice fishing on Lake Simcoe his/her automobile went through the ice. He/she has O.A.P. 1 Owner's Form with Liability, Accident Benefits and Comprehensive Coverages. The insurer.

The Facility Association Is:

The insured's automobile is broken into and some articles are taken. Specified penils will cover.

If the insured drove his automobile in to his own garage door, what would be included under the Own Damage coverage of his automobile policy?

The insured leaves a tavern, gets in to his auto in an intoxicated state, and causes and accident on the way home. Which of the following would not be covered?

Under Loss of Use (subsequent to a theft of an automobile), reimbursement begins:

A cigarette sets the automobile seat on fire and causes $450 damage. The policy shows a $300 deductible under Specified Perils. The insurer would pay?

The OPCF #44, Family Protection Endorsement coverage:

In the Additional Agreements of the Insurer, Own Damage, the insurer agrees to waive subrogation against:

A horse and buggy are hit by an automobile. The horse is killed. The automobile has been damaged but not the buggy. Which of the following coverages apply.

Rising water is covered under.

Is a snowmobile considered to be an automobile for insurance purposes in Ontario?

Your client calls to advise he/she needs insurance on a car leased from an automobile dealer. Which one (1) of the following policies is required?

An eighteen year old youth enters your office and requests insurance on his new automobile-a Chevrolet Corvette. You know that most insurers are not keen on insuring young drivers with powerful automobiles. However, the premium is substantial and the commission attractive. You should:

Newly acquired automobiles are automatically covered under and O.A.P. 1 Owner's Form provided the insurer is notified:

Your insured belongs to a car pool and uses his/her automobile to transport the other three members to work every fourth week. One of the other members drives each of the other three weeks. As his/her insurance broker, what would you recommend to make sure your client is covered against claims from passengers for injures?

Under the "What Automobiles Are Covered" section of O.A.P. 1 Owner's Form, a newly acquired automobile is automatically covered for a period of 14 days. This automatic coverage is limited to:

All clients should be counseled regarding the availability of optional benefits available under O.A.P.1 Owner's Form. Which one (1) of the following is NOT available?

As the result of an automobile accident involving two automobiles both registered and insured in Ontario, both cars are damaged. One driver, John Smith, is killed and the other driver, Mary Jones sustains minor injuries. Mary Jones is found 100% liable for the accident. Which one (1) of the following statements is TRUE?

Indicate the correct way to insure a snowmobile.

An insured requests that the limit of liability in his/her automobile policy O.A.P. 1 be reduced. What is the minimum amount he/she must carry under Ontario Law?

Your insured, who owns a van, which is used for pleasure purposes, is laid off. The insured advises you that until he/she is re-hired, the van will be used to deliver flowers for the local florist. What steps should you take?

The basic Income Replacement Benefit payable under O.A.P. 1 Owner's Farm, Section 4-Accident Benefits Coverage is $400 per week. The actual amount is based on:

The owner's policy or insurance coverage on a specific automobile is:

Which of the following documents must be approved by the provincial govemment?

The susceptibility of paper to water damage is an example of:

Small retail business packages are ideal for covering:

A surety bond protects the:

Under the Commercial Building, Equipment and Stock Form, Equipment includes:

The Earnings approach in Business Interruption is best suited to a business that will:

A peak season endorsement:

A bailee is someone

Accounts Receivable covers an insured for:

A fiduciary is someone

The stock in a butcher shop would be considered:

The various items insured under a Commercial Property Policy can be found in the:

Risks arising our of the use of computers, computer hardware and computer software are most appropriately covered under

Under the basic Glass insurance policy:

Under a Bid Bond, the principal is the.

A farm policy usually covers

Rating for a Commercial Property Floater includes a loading because?

Machinery and equipment such as plumbing, heating and electrical systems being, or to be, installed in buildings being erected or renovated are covered under a

Extra Expense insurance is purchased to

The term fiduciary refers to individuals or organizations occupying positions of trust. Three (3) of the following are examples. Which is the EXCEPTION?

Business interruption insurance gives protection against loss of earnings:

Which one (1) of the following classes of insurance is intended to indemnify a business for loss of income due to fire damage to building, stock & equipment?

A fiduciary is:

Which one (1) of the following would protect your client against loss due to the dishonest of an employee?

One of the following is NOT a type of business interruption insurance. Indicate which one (1) is the EXCEPTION

Under the Commercial Building, Equipment and Stock Form, the definition of Building includes

The Office of the Superintendent of Insurance is most interested in which of the following?

Rules concerning the binding of coverage by brokers are:

The P&C Compensation Corporation is for the protection of the public that:

R.L.B.O (Registered Insurance Brokers of Ontario) is:

Who is protected by a mortgage clause?

When an insurance company indemnifies an insured it tries to:

When a broker places insurance for a client they must always:

The insured cancels the policy mid-term, the refund due to the insured would be calculated on:

What feature does an insurance contract not share with a other contracts?

Who has the legal capacity to contract:

Who could have an insurable interest?

An insured owns a building valued at $300,000 and buys a policy for that value. The insurance company uses an 90% co-insurance clause. A fire does $180,000 damage. How much of the loss will the insurer pay?

A building valued at $100 000 and insured it for $70,000 with a 90% co-insurance clause. The building is damaged by fire at $25,000. How much will the adjuster pay?

You insure a building that is Unprotected and the value is above the line limits of any of your insurers. Therefore you contacted 4 of your top companies to write this risk to get a policy issued. This type of policy is called a:

Pure premium is the:

When buying an insurance policy a broker completes?

A binder:

A subscription policy?

A legal entity is one who:

When you or others benefit from the existence or financially hurt by the non existence of something, you have?:

Insurance under more than one policy is?

What is proximate cause?

With respect to salvage:

Insurance is:

Risk is:

When discussing Property and Casualty Insurance?

All Brokerages must have?

One way an insurer can cancel a policy is by doing what?

Non-disclosure or Concealment has been determined by the insurer. To void the policy the insurer must?

If an insured is bankrupt under a policy and has an insured loss, what must the insurer do?

Any policy that has the peril of Fire must have Statutory Conditions attached to the policy wording and they are to protect?

Misrepresentation by the insured:

The Standard Mortgage Clause has 6 paragraphs to outline:

Improvements and Betterments made to a Condominium Unit by its owner are:

The contents of a building are insured for $90 000 but valued at $200 000. The policy contains a 90% co-insurance clause with a $500 deductible. A fire damages the contents to the extent of $20 000. How much would the policy pay?

A Client has a Condominium Policy and starts a home-based business within the unit. What could this do?

Additional Living Expense under a Tenants policy is payable when the premises become unfit for occupancy in which one of the following circumstances?

The Condominium Unit Owners Comprehensive Policy include?

A client is storing Personal Property in a Mini Storage unit for 5 months, what will happen?

Your client has a Home policy and installing a recreation room over the next few months and buys materials and supplies from a hardware store. Since he has a shared driveway and does not have enough space, he is storing some of the materials at his brothers garage and a tornado hits the area and destroys all of the materials and the clients' loss is $2800. How much will be paid?

Your client was visiting his friends home and breaks an expense vase while taking off his shoes at the front door. The client is very embarrassed and wants to know if this is covered.

Which of the following coverages under a Homeowners policy is not automatically increased in amount at the anniversary of the policy?

In claiming for damage to a building under a Homeowners Comprehensive policy, the insured has two options: (A) replacement cost settlement: or (B) actual cash value settlement. If the insured opts for (A), which (1) of the following requirements does NOT apply?

Your insured owns one of each of the vehicles listed and seeks advice concerning coverage. Which one (1) is covered under the Liability section of the Homeowners Comprehensive policy?

Your client has a $60,000 Tenants policy. Due to a water damage claim, the insured has to move out for 2 months and has a motel bill for $6,000 and rent of $2,400 for the apartment. How much will the Additional Living Expense pay?

The "pair and sets" clause in an insurance policy means:

In Section 2 Liability Coverage of the Homeowners Comprehensive policy, coverage is provided for Voluntary Payment for Damage to Property in which one of the following situations?

Your insured has a Tenants Comprehensive Policy through your brokerage. He has signed a waiver which releases the landlord from liability for injury or damage occurring on the premises being rented. A fire in the building damages your insured's contents. It is established that the landlord was responsible for the fire. Which of the following statements is correct regarding coverage under the policy?

Your client has a Condominium policy subject to a $500 deductible. The common areas of the building suffer severe damage which is not covered by the Condominium Corporations Master Policy. Under the Governing Rules of the Corporation has assessed your client $1,500 of the damages. How will be paid under the policy?

The liability section of a Condominium policy does not provide coverage for which one of the following properties?

If an insurer discovers a non-disclosure on an application, what can the insurance company do?

Your insured owns a secondary residence and rents one out for $1,200 per month. A fire destroys the entire building. The Secondary policy covers the building for $500,000 subject to a $1000 deductible. How much would Optional Additional Coverages pay for this loss?

To what extent does A2 Loss Assessment Coverage in the Comprehensive Condominium Unit Owners policy cover an assessment against a Unit owner?

Your client has closed their seasonal residence for the winter and is not intending to return until spring. What is the status of the premises?

Following registration as an insurance broker, an individual

Upon successful completion of the examination you may qualify for registration as an insurance broker. If issued, the registration will be "restricted to acting under supervision". Which one (1) of the following most accurately describes the conditions under which you may act as an insurance broker under supervision?

The RIBO Code of Conduct is stated in Ontario Regulation 991, Section 14. Three (3) of the following four (4) provisions are contained in the Code. Indicate the one. (1) which is NOT.

An individual who acts or aids in any manner in soliciting, negotiating or procuring the making of any contract of insurance is required to be registered as an insurance broker if he or she:

RIBO Regulations stipulate that brokers must provide a policy or certificate of insurance to an insured within a certain period after insurance has been placed. What is the length of that period?

An Insurance Broker whose registration is restricted to acting under supervision may:

An Individual is required to be registered as an insurance broker if he/she:

The RIB Act grants to the Discipline Committee of RIBO power to impose penalties on members found guilty of misconduct, which is defined under Section 15(1) of Ontario Regulation 991. Which one (1) of the following is NOT defined as "misconduct"?

Which one (1) of the following would NOT be considered a peril under a Tenant's Comprehensive Policy:

Which one (1) of the following does NOT have an insurable interest in a building owned by the insured which is mortgaged?

Which one (1) of the following statements is TRUE about insurers?

When an insured is indemnified by an insurer after a loss, it means:

Where there is a co-insurance clause in a replacement cost policy, it is necessary to determine:

If an insured requests mid-term cancellation of a policy, the insurer will:

Which one (1) of the following is a hazard as it pertains to insurance?

A fiduciary is:?

Which one (1) of the following perils may be insured under a property insurance policy?

The Sue and Labour Clause in an insurance policy is designed to:

Laws regulating the zoning, demolition, repair or construction of buildings and their related services can increase costs of repair to buildings. These increased costs are:

A Building worth $100,000 is insured for $60,000 under a policy with 80% co-insurance clause. Fire damages the building to the extent of $90,000. How much would the insurer pay?

Freezer Foods coverage provides for payment of loss caused by spoilage of frozen foods contained in your food freezer on your premises.

The Facility Association:

Which one (1) of the following classes of insurance is intended to indemnify a business for loss of income due to fire damage to building, stock and equipment?

Which one (1) of the following would protect your client against a loss due to the dishonesty of an employee?

Replacement Cost and Actual Cash Value are two different bases of indemnification for loss. Which (1) ONE of the following statements is INCORRECT?

An insurer wishing to terminate an insurance policy may do so by:

Subrogation is:

Nearly every insurance policy has Policy Conditions which are common to all policies issued in a particular class. Some policies contain Statutory Conditions. Which one (1) of the following types of insurance has Statutory Conditions?

An insurer believes an insured has deliberately misrepresented a risk which it would not have written had the insurer known the true facts. The premium has been paid in full and the policy has been in force for three months. In voiding the policy the insurer would:

What is the purpose of a contract between an insurer and an insurance broker (company/broker agreement)?

The insurance industry is very particular about specific definitions describing various perils under crime coverages. Which one (1) of the following would be considered a robbery loss?

The insured, under a property policy, goes bankrupt and there is a loss shortly thereafter. Which (1) one of the following statements is TRUE?

In insurance terms, a peril is frequently described as a cause of loss. Which one (1) of the following is NOT a peril.

Where a loss occurs under an insurance binder before a policy has been issued, the insurer will:

The contents of a building are insured for $45,000 but valued at $100,000. The policy contains a 90% co-insurance clause along with a $2,500 deductible clause. If fire damages the contents to the extent of $8,000, how much would the insurer pay?

The deductible clause in an insurance policy:

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 were notified of the change in ownership. The insurer would pay:

A valued policy is one which:

The lessor of an automobile is:

An insured's house is destroyed by fire and due to local by-laws, has to be rebuilt with more expensive materials. In the absence of a special endorsement indicate if the Homeowners Comprehensive policy covers:

Which one (1) of the following is a type of Business Interruption Insurance?

The insured decides to install a recreation room in the basement of the house. How may this affect coverage under the insured's Homeowners Comprehensive Policy?

Loss or damage caused by earthquake is:

What purpose does a Proof of Loss serve when filed by the insured following a fire loss?

The agreement or contract between an insurance broker and an insurer usually authorizes the broker to do one (1) of the following. Which is it?

Which one (1) of the following liability coverages is intended to protect an insured who is planning to build a new home and will be sub-letting part of the contract to subcontractors?

A building worth $120,000 is insured for $60,000 under a fire policy with an 80% co-insurance clause. Fire damages the building to the extent of $104,000. How much would the insurer pay?

Which one (1) of the following coverages under a Homeowners Comprehensive policy including Inflation Protection is NOT automatically increased in amount at the anniversary date of the policy?

Improvements and Betterments made to a Condominium Unit by its owner are insured:

Your client, John Smith insures his Condominium Unit through your office on a Comprehensive form subject to a $200 deductible. He calls in a fire damage claim. Damage is estimated to be $750 to replace a dishwasher, $1000 for the marble countertop and $250 to clean the cabinets. How much will he recover under his policy?

Your clients advise you they have just purchased a set of matching antique candlesticks, valued at $2,500 each. They have Canadian historical significance and they wish to insure them specifically. You would recommend they:

Your insured owns a summer residence with a detached garage and tool shed. The property is insured for Fire & Extended Coverage Perils under a Seasonal Dwelling form. What is the maximum amount of insurance that could apply if one of these detached structures is destroyed by fire?

The Homeowners Comprehensive policy provides coverage for Voluntary Property Damage when caused unintentionally by an insured person. This extension of coverage does NOT apply where:

Under the Tenants Comprehensive policy, all of the following, EXCEPT ONE covers the tenant's own property. Mark the EXCEPTION.

Which one (1) of the following does the Homeowners Comprehensive policy automatically cover?

Your insured has a Condominium Unit Owners Comprehensive Policy. While smoking in bed, he/she negligently causes a fire in his/her unit. The fire spreads to the adjoining unit and the occupant is overcome by smoke and dies. Under which section of the policy would the insurer respond if a claim were made by the relatives of the deceased person?

An insurer has issued a vacancy permit on a vacant property. Which one (1) of the following losses would continue to be insured by the policy covering the property?

A Tenant's Comprehensive policy provides coverage for Voluntary Payment for Damage to Property. This applies to only one (1) of the following situations. Which is it?

A claim for Additional Living Expenses under a Homeowners Comprehensive Policy would NOT be covered if which one of the following occurred?

Your insured owns one of each of the vehicles listed and seeks advice concerning coverage. Which one (1) is covered under the Liability section of the Homeowners Comprehensive policy?

Your insured advises he and his wife are moving to another city and intend to place their furniture in storage while they look for a new apartment. They ask for advice about coverage under the Tenants Comprehensive policy. You advise them:

Your client, Anna Thompson recently lost her husband. She has decided to sell her home an purchase a Condominium Unit. She is inquiring what changes she will need to make to her current Comprehensive Homeowners Policy. You would advise:

Which one (1) is NOT true of the Replacement Cost Coverage under a Homeowners Comprehensive policy?

To what extent does Loss Assessment Coverage A2 in a Comprehensive Condominium Unit Owners Policy cover an assessment against a unit owner?

A vacancy permit is required to continue fire insurance on a property where:

A client comes into your office to arrange for a Travel Health policy. Your questioning reveals he will be skydiving while on the trip. You tell him that he:

Travel Health insurance is based on O.H.I.P. being the primary payor. O.H.I.P. will normally cancel coverage:

Travel Health policies contain certain limitations which it is important to be explained to applicants for such insurance. Three (3) of the following are commonly found limitations. Indicate the one (1) EXCEPTION.

Most travel health insurance providers may deny claims, or seriously curtail benefits if:

When discussing travel health insurance with anyone, you would be wise to point out:

Is a snowmobile considered to be an automobile for insurance purposes in Ontario?

Your client calls to advise he/she needs insurance on a car leased from an automobile dealer. Which one (1) of the following policies is required?

Your insured is driving alone and is injured in an accident in the state of Georgia. The U.S. driver is found 100% at fault. Your insured carries $1,000,000 liability coverage and the OPCF #44 Family Protection Coverage. The other vehicle is covered for Bodily Injury $10,000 one person $20,000 to two or more persons and $10,000 property damage. Your insured is awarded $180,000 in damages for bodily injury. How much would be paid out under the OPCF #44?

Newly acquired automobiles are automatically covered under an O.A.P. 1 Owner's Form provided the insurer is notified:

Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Coverages, is usually subject to a deductible. It does not apply to damage caused by:

Uninsured Automobile coverage:

Your insured belongs to a car pool and uses his/her automobile to transport the other three members to work every fourth week. One of the other members drives each of the other three weeks. As his/her insurance broker, what would you recommend to make sure your client is covered against claims from passengers for injures?

Under the "What Automobiles Are Covered" section of O.A.P. 1 Owner's Form, a newly acquired automobile is automatically covered for a period of 14 days. This automatic coverage is limited to:

All clients should be counseled regarding the availability of optional benefits available under O.A.P. 1 Owner's Form. Which one (1) of the following is NOT available?

O.P.F. #6, Non-Owned Automobile Insurance Form is designed to protect:

Indicate the correct way to insure a snowmobile.

An insured requests that the limit of liability in his/her automobile policy O.A.P. 1 be reduced. pe What is the minimum amount he/she must carry under Ontario Law.

A client phones to tell you he has bought a high-end stereo system costing $5,000 which has just been installed in his car. What should you tell him?

In the following statements about Section 6- Direct Compensation - Property Damage - of the O.A.P. 1 Owner's Form, one (1) is INCORRECT. Indicate which one it is:

Which one (1) of the following accidents would be considered a loss under Section 7.1.2.B, Comprehensive of an O.A.P. 1 Owner's Form policy?

The basic Income Replacement Benefit payable under O.A.P. 1 Owner's Form, Section 4 - Accident Benefits Coverage is $400 per week. The actual amount is based on:

One of the following statements is correct. Which one (1) is it. Electronic accessories or equipment are covered under O.A.P. 1 Owner's Form:

How would you describe to your policyholder the purpose of OPCF #44 Family Protection Coverage? It is designed to:

Insurance under Section 7 of O.A.P. 1 Owner's Form, Loss or Damage Coverages, is usually subject to a deductible. It does not apply to loss or damage caused by:

Your insured calls to report while ice fishing on Lake Simcoe his/her automobile went through the ice. He/she has O.A.P. 1 Owner's Form with Liability, Accident Benefits and Comprehensive Coverages. The insurer: