raman

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 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 Form, Section 4- Accident Benefits Coverage is $400 per week. The actual amount is based on:

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

In Ontario, a threshold is:

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

Which of the following statements is NOT true? Lawsuits in Ontario are:

Provincial Insurance Acts governing automobile insurance applications state that:

To a person who has made or who knows of a material misrepresentation, the insurer is NOT required to pay:

All accidents and claims within the following time period immediately preceding the application must be disclosed:

Under the Third Party Liability coverage of an automobile policy, which of the following would not be covered?

Recovery from the responsible party for loss of income as a result of an auto accident, after trial is:

When a third party has been injured, which of the following could jeopardize the insured's auto coverage?

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

The insured, John Smith, is driving Robert Brown's auto as a temporary substitute auto and is responsible for an accident where the award to the innocent third party amounts to $800,000. Smith carries limits of $1,000,000 while Brown only carries $500,000 on his. Smith's insurer would pay:

Priorities of payment related to payment of which types of losses under an automobile policy?

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

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?

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?

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 O.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 perils 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 an 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 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:

The insurer is required to pay the money for which it is liable under the automobile insurance contract within sixty days after the:

Your insured has bought a snowmobile and advises you a fourteen year old son will also be operating it. You have provided your insured with an O.A.P. 1, Owner's Form and advise that:

Under Loss of Use due to theft, reimbursement ends upon:

Highway Victims Indemnity Funds

What type of automobile insurance policy provides liability coverage to a person who does not own an automobile but requires coverage for other automobiles?

Which of the following is covered under the All Perils coverage (own damage) of an automobile policy?

In which of the following situations is coverage available for a temporary substitute automobile?

The Superintendent of Insurance in Ontario is responsible for all of the following except one.

When an insurer claims bankruptcy and can not pay the claims of its policy holders, the Property and Casualty Insurance Compensation Corporation (PACICC) does so on the bankrupt insurer's behalf. What are the maximum amounts can be claimed from PACICC in this situation?

According to the Insurance Act, a Fire policy expires at?

The Insurance Act states that the Removal of Property extension on a fire policy provides coverage for property temporarily removed from the insured premises to prevent loss, damage, destruction or further loss from an insured peril for a maximum period of:

Which of the following statements is false with regard to the Fire Statutory Conditions?

As specified in the Insurance Act, an Insurer will settle a claim under a fire policy by paying the:

The Insurance Act states that one of the following situations is not excluded under a fire policy.

A misrepresentation made at the point of the application for a policy:

Who controls application forms and policy wordings in Ontario?

Statutory conditions:

Which of the following is a Peril?

Which type of loss would be covered under a fire policy as required under the Insurance Act?

According to the Fire Statutory Conditions, after a fire loss, the insured must submit a proof of loss form:

Should the insurer exercise their option to rebuild a property after a loss, the work must begin:

Salvage is:

If an insured is unsatisfied with an offer to settle a claim, under the fire statutory conditions the insured may sue the insurer:

Indemnity

Which of the following is not an element required to be present to make all contracts enforceable at law?

Which of the following does not have the legal capacity to contract?

The Insurance Act states that a fire policy must include three perils which are:

A contract which is against public policy:

Insurance contracts require three additional elements to make an insurance contract enforceable at law. Which of the following is NOT one of these additional elements?

A reinsurer who is taking on a portion of a risk that has already been reinsured is sometimes called:

Treaty reinsurance exists when:

A house suffers a fire. In the fire, the bedroom suffers the majority of damage. The original claim is for damage to the bedroom furniture, clothing in the wardrobes, carpeting and curtains. The insured also claims for the value of jewellery that he stated was also lost in the fire. The insurer is able to determine that there was no jewellery present before or after the fire. If the Insurer discovers the fraudulent claim of jewellery:

Who would not be considered to have insurable interest?

To prove that there was a genuine intention of the parties to enter into a contract, it must be shown that the contract was not affected by all of the following except one. Which of the following is NOT one of those conditions?

A basic fire policy will automatically cover all of the following except one. Mark the exception.

Which of the following is not a generally accepted practice for dealing with risk?

Which of the following is false with regard to subrogation?

To qualify for a Homeowner's Policy:

The property section of the Basic Homeowner policy covers:

Under a Comprehensive Homeowner's policy, special limits apply to which property only if stolen?

Which of the following is true with respect to deductibles?

For which of the following is there no special limit of insurance?

If you must live elsewhere during construction of an addition to your home (i.e., a three wall extension), your homeowner policy would pay:

Claims settled by paying an amount equal to the replacement cost minus physical depreciation illustrate:

A basic Fire policy does not cover damage which occurs while a property, is to b the knowledge of the insured, vacant or unoccupied for:

There is no insurable interest when:

Many special policies/endorsements are available to cover items or situations excluded under a Fire policy. Which of the following exclusions can you NOT buy coverage for?

Which of the following statements is false with respect to how Dwelling Building damages are settled under the Guaranteed Replacement Cost provision?

A Homeowner's policy covers $100,000 on contents. $5,000 coverage is scheduled on a ring. It is worth $6,000 when it is stolen, 5 years later. How will the insurance be paid?

Which of the following is not a Specified Peril as defined by the RIBO Comprehensive Homeowner's policy?

Smoke damage is not covered if it results from:

Which of the following is true about All-risk policies?

Which of the following is False in regard to the RIBO Comprehensive Homeowner, Tenant and Condominium Unit Owner's Package Policy?

Utmost good faith

A material fact is:

Which statement best describes actual cash value?

Which of the following is an element unique to an Insurance contract?

Which of the following is not true?

Which of the following is true with respect to Misrepresentation?

Provincial regulation of insurance companies includes

In an insurance contract, the definition of consideration:

Which of the following statements is true with respect to the parties of an Insurance contract?

Fortuitous means

While talking with a potential customer, you uncover some details about their home and situation while filling in a homeowner's application. Which of the following is not a moral hazard

Indemnity means

Insurance is defined as

Hazard is to peril as a loose handrail on a flight of stairs is to

Which of the following is not true about Insurance companies?

Which of the following items is NOT included under the dwelling building coverage of a Comprehensive Homeowner's Policy?

Which of the following extensions of coverage is subject to a deductible?

Which of the following statements regarding coverage for credit and debit cards, forgery and counterfeit money is true?

The phrase "The items described below are subject to the applicable Special Limit of insurance, however, the limits do not apply to any claim caused by a specified peril" means for each of the items listed:

Under a Condominium Owner's Comprehensive Form, Loss Assessment coverage pays

Which of the following losses would be covered under the Comprehensive Tenant's Policy?

Which element is not distinctive to Insurance contracts?

The Fire Statutory Conditions

Which of the following statements is true?

A burglar breaks into your house while you are away at your cottage one weekend. Assuming that some property belonging to each of the following is stolen, who's property would not be covered by the RIBO comprehensive homeowner's policy?

According to the Fire Statutory Conditions, which of the following is not required information on a Proof of Loss form?

A hazard is

Which of the following losses would be covered under the RIBO Comprehensive Tenant's form?

Which of the following statements is false regarding the lock replacement extension of coverage?

Under the RIB Act, any member who is a sole proprietor, partnership or corporation must carry errors and omissions insurance not less than this amount in respect of any one loss:

Which of the following statements is false?

An underwriter, when presented with an application for property insurance may do any one of the following except:

Which of the following definitions is incorrect?

If an insured is unhappy with the settlement offered by an insurance company, the insured can

Which coverage would best suit the needs of Accountants, Lawyers and Real Estate Agents?

Which best describes Glass insurance?

Under the Commercial Building, Equipment and Stock form, the definition of equipment includes

Business Interruption Profits Form

The Commercial General Liability policy differs from the liability section of a Homeowner policy in that

Dr. Smith's office is damaged by fire. She is able to continue her practice at another location due to the settlement from her

What kind of bond is required for an executor of wills?

A driver of an armoured truck is held at gun point and money is stolen. This is an example of

A jewellery store owner takes home some of the jewellery for cleaning. His house is broken into and the jewellery is stolen. Which policy would protect him?

Which of the following is not true about Farm policies?

Product's Liability covers

Which of the following is not covered on a C.G.L. policy?

A Company is sued for libel after printing wrong information in a newspaper. This would be covered under

Surety bonds

Personal Injury

Which of the following statements is true? Co-insurance clauses

A building is valued at $400,000. The insurer stipulates an 80% co-insurance clause will apply on the policy. The building is insured for $300,000. Two months later, the building suffers a $200,000 fire loss. How much will the insurer pay?

A building is valued at $500,000. The insurer stipulates a 75% co-insurance clause will apply on the policy. The building is insured for $300,000. One month after the policy is issued, the building suffers a $300,000 fire loss. How much will the insurer pay?

A building is valued at $200,000. The insurer stipulates a 60% co-insurance clause will apply on the policy. The building is insured for $150,000. The building suffers a $130,000 theft loss (really big thieves). How much will the insurer pay?

A building is valued at $250,000. The insurer stipulates an 80% co-insurance clause will apply on the policy. The building is insured for $150,000. The building suffers a $50,000 explosion loss. How much will the Insured pay?

Which of the following is not a consideration of an underwriter in determining the premium to be charged for a Building, Equipment and Stock form?

Under a Homeowner's policy, negligence is defined as:

If you are sued for slander, this would be covered under:

You intentionally steal property from your neighbour's house and are later sued for damages. This would be covered under:

Your 8 year old son intentionally kicks a ball through your neighbour's window. You are later sued for damages. This would be covered under:

Pain and suffering are examples of:

Which of the following is not covered on a personal lines liability policy?

Damage caused to a hotel room you are staying in as a result of your negligence is covered under a personal liability policy

Which of the following supplementary payments will the insurer not pay under section II, Liability coverages?

Which of the following losses is not excluded under the liability section of a Condominium unit owner's policy?

Under Section 3: Liability coverage, the insured is entitled to:

The insured has a $300 Comprehensive deductible. In which of the following cases would it not apply?

Where would you find Upset coverage under the OAP1?

The wordings on the OAP1 that are legislated are known as the:

Under Ontario's Automobile legislation, Bill 59:

Under the requirements where loss or damage to the automobile occurs:

A misrepresented fact on an application for automobile insurance (OAF 1) may cause the insurer to:

Which coverages are legally required on an OAP1:

Which of the following statements is not true?

When the insured purchases a second or replacement vehicle, coverage under OAP1 is:

Which statement is not true pertaining to terminating an auto policy?

The insured's car is stolen. The insured is entitled to Loss of Use by Theft coverage only:

The definition of insured under Third Party Liability section of the owner's policy includes:

Under the auto policy, on receipt of a proof of loss the insurer:

The OAP1 covers:

What additional coverage is there in comprehensive that is not available in Specified Perils?

Ordinary negligence is:

Which of the following statements is not true?

When a loss occurs:

Which of the following statements is not true?

Suits for pain and suffering, or general damages, are subject to a deductible in Ontario of:

Which of the following injuries would be considered not to have met the "threshold":

Which of the following basic Accident Benefits limits is incorrectly stated?

If the insured is injured in an automobile accident, and subsequently convicted of driving the automobile while impaired, which of the following benefits would be payable?

Who would not be covered under the Uninsured Automobile coverage?

Highway Victims Indemnity funds:

The legal minimum limit of Liability coverage for automobile policies in the province of Ontario is:

An insured automobile is hit in a parking lot by another motorist while the insured is shopping. When the insured returns to the automobile, the damage caused looks to total about $4,000. There is no note on the automobile, and there are no witnesses to the accident. The insured can claim for the damage from:

Which of the following statements is false?

The Absolute Liability provision would not apply:

Your client is a Canadian who vacations in Fort Lauderdale, Florida for six months every year. How would you classify this traveller in terms of travel insurance needs?

Your client needs expatriate travel health insurance coverage if she is:

Your client is a student who is going to Daytona Beach for a week and plans to go scuba diving. You should look for coverage with:

Your client will be travelling outside Canada for longer than the amount of time the provincial health plan will provide out-of-Canada health coverage. You recommend that your client:

Your client has a heart condition. What should you pay special attention to in a travel health insurance plan?

Visitors to Canada need travel health insurance because:

Your client is an executive who frequently goes on business trips and is a cross- border shopper. What sort of insurance do you sell to her?

Jenna is a computer consultant who has recently accepted a two-year contract position with a US startup company. She will be required to spend two weeks of every month in the US. What type of travel insurance would be most appropriate for Jenna?

Which of the following is an example of a pre-existing condition clause?

A pre-existing condition is defined as:

Due diligence

In terms of premium cost, which of the following is the most likely, ranked from least to most expensive if the client were both healthy and young?

Which of the following is not a typical benefit provided in travel health insurance?

Claims costs may be reduced or contained by using: a) Preferred provider organization (PPO) networks.

Which of the following provinces offer only government compulsory auto insurance?

The definition of ordinary negligence is:

A broker/agent is responsible for

An insurance contract contains all of the elements of any other legal contract. One element that must also be contained in a valid contract of insurance is:

An example of a physical hazard would best be described as

The definition of Insurance includes:

As far as reinsurance is concerned, which of the following statements is true?

Which of the following statement is false? The inability to enforce an insurance contract:

Which of the following has no legal status in law and cannot enter into a valid contract?

What is the name of the legal process used by insurers when collecting from a responsible 3rd party?

Which of the following statements in reference to Statutory Conditions is false?

Which of the following statements best describes the principle of indemnity?

Peril is best defined as

When an insurer intentionally issues a policy that differs from the application;

Which of the following would not affect the rate on a property insurance policy?

Under RIBO regulation 991, section 15, a broker would not be considered to be guilty of misconduct if:

Which of the following has an insurable interest in an automobile?

In Ontario, an auto policy can be changed by the use of approved endorsements

Which of the following examples of insurance does not belong under the heading of General Insurance?

Applications for insurance policies

Which of the following statements is true?

Which of the following statements is false?

A member who places insurance with an insurer unlicensed in the province of Ontario must

Which of the following is NOT a stipulation of the broker's Code of Conduct as found in RIBO regulation 991, section 14?

Under the RIB Act definition, an insurance broker is all of the following, except a person who:

Where the RIBO Discipline Committee finds a member guilty of misconduct, it may do all of the following except:

The Indemnity Agreement in a fire policy specifies that the insurer will pay:

The insured decides to renovate their home. As a result they have to obtain temporary residence until the work is completed. The Homeowner policy will pay

A property is insured for $100,000 and valued at $150,000. There is a 90% coinsurance clause. A loss of $90,000 occurs. The insurer will pay:

Under a Fire Policy with an Extended coverage Endorsement which loss is not insured?

When a standard Mortgage Clause is attached to a policy:

The insured's dining room furniture was badly damaged when a fire broke out. The claim was settled by paying an amount equal to the replacement cost of the furniture minus physical depreciation. This illustrates the application of:

The Fire statutory condition - Entry, Control and Abandonment does not entitle the insurer to

Which of the situations below would be covered by the RIBO Homeowner's Form?

Under a Personal Articles endorsement

You have three candlesticks, two of which are stolen. The third candlestick is away and being repaired. Which clause would prevent you from claiming for all three?

You have a Comprehensive Homeowner's policy with a limit of $200,000 for Coverage A and a $250 deductible. In the following circumstances how would your policy apply?

Under Statutory Condition 13 - Replacement, should an insurer choose to replace damaged property instead of making payment for it, the insurer must give written notice of its intention within

Which following statement is false? Since a contract of insurance is said to be a personal contract,

Which of the following statements is true?

A Comprehensive Homeowners policy

Exclusions under all-risks policies are included for various reasons... Which of the following is not one of the reasons?

An extended coverage endorsement attached to a fire policy

The RIBO homeowner's form, includes the statement "The limits [listed below] do not apply to any claim caused by a Specified Peril". This statement means:

Under the RIBO homeowner's form, if it is necessary to remove property to protect it from loss, which one of these statements is true?

Under the RIBO homeowner's form, what type of loss is not required to be reported to the police?

Which statement is false in regards to your Homeowner's Liability coverage for owned watercraft?

The Voluntary Property Damage section of a Personal Liability Policy excludes damage caused intentionally by an insured over the age of

All of the following are exclusions under your Homeowner's Liability section except:

Choose the false statement from the following,

Personal Injury is

Which of the following is not a correct definition under Section II- Liability Coverages of a Homeowner's Policy?

Which of the following is considered premises under your Homeowner's Liability?

Under Third Party Liability the insurer does not agree to

Under the Commercial General Liability policy, which statement is true?

An Umbrella Policy:

There are three exclusions on a Glass Policy. These are:

Fidelity insurance covers losses caused by

Which one of the items below would be considered the major difference between the "Profit" and "Earnings" approach to Business Interruption insurance?

Lawyers, Accountants, Insurance Agents, Travel Agents and others providing expert service to the public would be best served by:

A type of insurance which protects those who work on the human body or on animals such as doctors, hairdressers, veterinarians is:

A Fiduciary is:

Which statement applies to a Surety Bond?

Under the Third Party Liability coverage, the insured is entitled to:

Which one of the following is correct pertaining to Condominium insurance?

When there has been an auto loss, the insured is required to:

Under the OAP1, the Loss of Use Due to Theft provision

The minimum limit of automobile liability allowable by law in the province of Ontario is $200,000. In the event of claims for both bodily injury and property damage which exceeds the limit, the money will be apportioned:

Except for claimants under the Family Law Act, lawsuits for Non-economic loss due to an automobile accident are subject to which of the following?

Under the OAP1, the Statutory Condition: Termination does not state

Your insured has brought a snowmobile and has called to advise you that his 14 year old daughter will also be driving the new machine. Your insured has an existing OAP1 policy for the snowmobile. What do you advise your insured regarding this new information?

Which of the following would be considered "persons insured" under your Uninsured Automobile coverage?

Which statement is false pertaining to terminating an Automobile Policy?

Which of the following losses is covered under the specified perils section of the auto policy?

Which of the following is not covered under the OAP 1?

If you have comprehensive coverage with the standard $300 deductible, the deductible will apply to all of the following losses except:

All of the following statements about the risks insured by the Facility Association are true except which one?

All perils provides coverage for all of the following situations except loss or damage

In which of the following situations would your policy apply if an accident occurred?

Details of past license experience are required on an automobile application for

An Ontario Automobile policy covers an insured's auto for accidents occurring

Which statement about Direct Compensation-Property Damage (DCPD) is true?

You may be guilty of misrepresentation when you sign an Ontario Application for Automobile insurance and you fail to disclose that

An elderly Toronto resident, who does not own an auto but whose spouse does, sustains a broken hip when hit by an unidentified hit and run driver while crossing the street at a designated cross walk. Under the Insurance act, this person may collect benefits from

An unidentified automobile is one

The main purpose of the Family Protection Endorsement (OPCF 44R) is to provide Coverage

A hit and run driver injures a cyclist, who does not own an auto, which one of the following statements is true?

In the event of an accident involving loss or damage to the insured auto, the insured must

Income replacement coverage under the OAP1 is limited in its coverage to

Which of the following statements is not a requirement with regard to the Comprehensive Homeowners Policy settlement of a building loss on a replacement cost basis:

Which of the following has no limitation of amount payable under a homeowner's policy if damaged by fire?

Which statement is FALSE?

OHIP provides coverage for medical treatment necessary when the insured is outside of Canada.

Which of the following definitions from a travel health policy is incorrect?

Which one of the following is not excluded under a typical travel health policy?

Which question below would most likely not affect the rate or premium charged for a travel health policy?

Third Party Administrators (TPA) have made the claims payment processes much simpler for insurers. Costs are shared at the point of payment when an insured is covered by more than one carrier. They serve all of the following purposes except one.

Visitors to Canada need travel health insurance because:

Ex-patriot insurance is best suited for

Pre-existing conditions

Which one of the following statements is not correct?

Which of the following is correct?

A material fact is one that could affect:

A contract is an agreement enforceable at law. Which one of the following answers lists all the necessary requirements that must exist?

In general when an insurance company indemnifies an insured it tries to: (select the most correct)

Actual cash value most clearly means: (select the most correct)

A physical hazard is:

Referring to the term subrogation, which of the following is correct?

Which of the following do not have a fiduciary relationship with their clients?

Which of the following is not true?

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

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 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?

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?

Which of the following best describes a Comprehensive Tenant Package policy?

Under a Basic Fire policy, the Insured will receive:

Your insured intends to renovate his bungalow and will have to vacate his home for six months to do this. His coverage for additional living expense will:

A Condominium Unit Owners Package policy covers:

Your client is selling her house and moving to a low rise condominium and calls you to ask what she should do with her current homeowners policy. How would you advise y client?

Replacement Cost Coverage means:

Which of the following is not true in reference to Physical Hazard?

Which statement is true with reference to Moral Hazard?

Is loss or damage caused by an earthquake insurable?

Your insured has rented the same seasonal dwelling for 20 years for two months. They bring all their clothes, bedding and supplies worth $4000. Unfortunately a fire destroys the building in the first week and all is lost. Your insured has a $50,000 Comprehensive Tenants package. How much would his policy pay above the $500 deductible?

Which of the following is not a part of the insuring agreement?

A very expensive Waterford Crystal vase would usually be insured under: a. A fine arts floater.

Your insured's woodworking hobby has become a retirement business and he has converted his garage to a shop. How would you advise him on the affect to his Comprehensive Homeowners policy?

All but one of the following are examples of conditions that apply to liability claims. Which one does not?

Which statement is not true about Liability insurance?

Which of the following statements is correct?

To prove any tort, the following three elements must be present: duty owed, duty breached and

Under automobile Third Party liability the insurer does not agree to:

Under the Third party liability coverage, the insured is entitled to:

The general purpose of Section E of the Homeowners Liability Coverage section is to give the insured protection for:

Product Liability covers:

Negligence is:

If children visiting an insured's property without the insured's knowledge are injured, is the insured liable? Select the best answer.

When an insured's dog bites for the first time, is the insured liable for damages committed by the dog? Select the best answer.

Statutory Conditions in a Fire Policy are primarily to protect the rights of which of the following?

What is meant by the term Fiduciary?

Who can an insured employ to represent their interest during a claim?

What is the mechanism that allows an insurance company to transfer some of its risk to another insurance company?

If an agreement never fit the legal definition of a contract, what is it deemed to be?

Which of the following is NOT the subject of a Statutory Condition?

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

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

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:

What is the major difference between a Homeowners Policy Wording and a Seasonal policy wording?

Which (1) one of the coverages under a Homeowner's comprehensive policy including inflation protection is NOT automatically increased on renewal?

Which of the following statements is NOT true about a Comprehensive Homeowner's Policy?