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Questions and Answers
Burglars enter the insured's unlocked seasonal residence and steal some of the contents. Under the basic "Seasonal Dwelling Fire & Extended Coverage form the loss is
Burglars enter the insured's unlocked seasonal residence and steal some of the contents. Under the basic "Seasonal Dwelling Fire & Extended Coverage form the loss is
Your clients have just bought a condominium unit and intend to renovate the kitchen completely. How would you arrange insurance on these renovations under a Condominium Unit Owners Comprehensive policy?
Your clients have just bought a condominium unit and intend to renovate the kitchen completely. How would you arrange insurance on these renovations under a Condominium Unit Owners Comprehensive policy?
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 practices is NOT defined as "misconduct in the Regulations?
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 practices is NOT defined as "misconduct in the Regulations?
A local automobile dealer offers to pass leads to you as a registered insurance broker when cars are sold to customers who require automobile
insurance In return, he/she wants the premium their spouse's car automobile insurance to be reduced. How would you respond to this request?
A local automobile dealer offers to pass leads to you as a registered insurance broker when cars are sold to customers who require automobile insurance In return, he/she wants the premium their spouse's car automobile insurance to be reduced. How would you respond to this request?
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Mrs Jones and her husband have two cars. Their daughter, aged eighteen (18), just bought a car and Mrs. Jones asks you to insure it. Which one (1) of the following would be correct?
Mrs Jones and her husband have two cars. Their daughter, aged eighteen (18), just bought a car and Mrs. Jones asks you to insure it. Which one (1) of the following would be correct?
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Which one (1) of the following statements about Accident Benefits Coverage under 0.A.P. 1 Owner's Policy is INCORRECT?
Which one (1) of the following statements about Accident Benefits Coverage under 0.A.P. 1 Owner's Policy is INCORRECT?
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A client, who has just been discharged from hospital following serious illness, decides to take an extended trip with his wife while convalescing He phones you to arrange travel health insurance for both of them. Which one of the following policy conditions should you draw to his attention?
A client, who has just been discharged from hospital following serious illness, decides to take an extended trip with his wife while convalescing He phones you to arrange travel health insurance for both of them. Which one of the following policy conditions should you draw to his attention?
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Which one (1) of the following situations is covered under the "Watercraft, Outboard Motor Trailer, and Miscellaneous Equipment" coverage rider attached to a Homeowners policy?
Which one (1) of the following situations is covered under the "Watercraft, Outboard Motor Trailer, and Miscellaneous Equipment" coverage rider attached to a Homeowners policy?
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When determining the actual cash value of a building, which one (1) of the following factors is NOT taken into consideration?
When determining the actual cash value of a building, which one (1) of the following factors is NOT taken into consideration?
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45--Which one (1) of the following statements is true with respect to the Tenants Comprehensive policy?
45--Which one (1) of the following statements is true with respect to the Tenants Comprehensive policy?
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46--Newly acquired automobiles are automatically covered under an O.A.P. 1 Owners Policy provided the insurer is notified:
46--Newly acquired automobiles are automatically covered under an O.A.P. 1 Owners Policy provided the insurer is notified:
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47--The ribo Code of Conduct is outlined in Ontario Regulation 991, Section Which one of the following provisions is NOT outlined in the Code of
47--The ribo Code of Conduct is outlined in Ontario Regulation 991, Section Which one of the following provisions is NOT outlined in the Code of
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48--An insurer cancels an automobile policy mid-term for reasons other than non-payment of premium and issues a registered letter of cancellation to the insured. Will the insured be entitled to a refund of premium from the insurer?
48--An insurer cancels an automobile policy mid-term for reasons other than non-payment of premium and issues a registered letter of cancellation to the insured. Will the insured be entitled to a refund of premium from the insurer?
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49-- which one (1) of the following is the correct way to insure a snowmobile?
49-- which one (1) of the following is the correct way to insure a snowmobile?
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51--Addtional Conditions of a Personal Property Policy include a reference to Parts Which one (1) of the following statements about "Parts" is correct?
51--Addtional Conditions of a Personal Property Policy include a reference to Parts Which one (1) of the following statements about "Parts" is correct?
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52--The Regulations under the RB Act require an insurance broker to provide endence that insurance has been placed on behalf of a client. How must this be done and within what time period?
52--The Regulations under the RB Act require an insurance broker to provide endence that insurance has been placed on behalf of a client. How must this be done and within what time period?
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53-- Whose rights are protected by the Statutory Conditions in a Property policy?
53-- Whose rights are protected by the Statutory Conditions in a Property policy?
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55-- Which one (1) of the following does NOT need to be established in advance when discussing travel health insurance with an applicant?
55-- Which one (1) of the following does NOT need to be established in advance when discussing travel health insurance with an applicant?
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57-- Laws regulating the zoning, demolition, repair or construction of buildings and their related services can increase costs of repair to buildings. Can these increased costs be insured?
57-- Laws regulating the zoning, demolition, repair or construction of buildings and their related services can increase costs of repair to buildings. Can these increased costs be insured?
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56-- Which one (1) of the following statements is true for an applicant whose registration certificate is restricted to Acting Under Supervision"?
56-- Which one (1) of the following statements is true for an applicant whose registration certificate is restricted to Acting Under Supervision"?
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60-- Insurance terms a "peril" is frequently described as a cause of loss while an exposure is a hazard threatening a risk due to internal or external physical conditions. Which one (1) of the following is NOT a peril?
60-- Insurance terms a "peril" is frequently described as a cause of loss while an exposure is a hazard threatening a risk due to internal or external physical conditions. Which one (1) of the following is NOT a peril?
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59--An insurer issues a policy and later discovers the insured had, at the time of application, made a misrepresentation. Which one (1) of the following options can the insurer take?
59--An insurer issues a policy and later discovers the insured had, at the time of application, made a misrepresentation. Which one (1) of the following options can the insurer take?
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61--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 Howmuch would the insurer pay?
61--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 Howmuch would the insurer pay?
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63-- "Freezer Foods Coverage" provides for payment of loss caused by spoilage of frozen foods contained in your food freezer on your premises. Which one (1) of the following conditions apply to this coverage?
63-- "Freezer Foods Coverage" provides for payment of loss caused by spoilage of frozen foods contained in your food freezer on your premises. Which one (1) of the following conditions apply to this coverage?
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64--Travel heath policies contain certain limitations that are important to b explained to applicants for such insurance. Which one (1) of the following is NOT a commonly found limitations?
64--Travel heath policies contain certain limitations that are important to b explained to applicants for such insurance. Which one (1) of the following is NOT a commonly found limitations?
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62--Your client was recently widowed. She is selling her home and buying a condominium unit in a high rise building. She asks what changes she will need to make to her Homeowners insurance. What would be your reply?
62--Your client was recently widowed. She is selling her home and buying a condominium unit in a high rise building. She asks what changes she will need to make to her Homeowners insurance. What would be your reply?
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66--Which one (1) of the following conditions affects the amount of settlement of an insured loss?
66--Which one (1) of the following conditions affects the amount of settlement of an insured loss?
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67-- Which one (1) of the following statements accurately describes a deductible cause in an insurance policy?
67-- Which one (1) of the following statements accurately describes a deductible cause in an insurance policy?
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65--Nearly every insurance policy has Policy Conditions which are common to al policies issued in a particular class. Some policies also contain Statutory Conditions. Which one (1) of the following class of insurance policies contain Statutory Conditions?
65--Nearly every insurance policy has Policy Conditions which are common to al policies issued in a particular class. Some policies also contain Statutory Conditions. Which one (1) of the following class of insurance policies contain Statutory Conditions?
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68--Under the Compulsory Automobile Insurance Act, irrespective of whether or not you believe an applicant for automobile insurance is acceptable to any of your insurers, if he/she requests that you provide him with automobile insurance, you are required to:
68--Under the Compulsory Automobile Insurance Act, irrespective of whether or not you believe an applicant for automobile insurance is acceptable to any of your insurers, if he/she requests that you provide him with automobile insurance, you are required to:
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69--A tenant in a high rise apartment negligently starts a grease fire and causes severe smoke damage to his/her own apartment including the hallways of the building and two other apartments. Under which part of the Liability section of his/her Tenants Comprehensive policy would the damage to the two other apartments be covered?
69--A tenant in a high rise apartment negligently starts a grease fire and causes severe smoke damage to his/her own apartment including the hallways of the building and two other apartments. Under which part of the Liability section of his/her Tenants Comprehensive policy would the damage to the two other apartments be covered?
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70-- Which one (1) of the following incidents is covered under the Liability Section of a Homeowners policy?
70-- Which one (1) of the following incidents is covered under the Liability Section of a Homeowners policy?
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72--Business interuption insurance gives protection against loss of earnings for which one (1) of the following events?
72--Business interuption insurance gives protection against loss of earnings for which one (1) of the following events?
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71-- A claim for "Additional Living Expense under a Homeowners Comprehensive policy would NOT be covered if which one (1) of the ng events occurred?
71-- A claim for "Additional Living Expense under a Homeowners Comprehensive policy would NOT be covered if which one (1) of the ng events occurred?
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73--Your insured parks his/her automobile at a shopping mall while shopping and on return finds it has been damaged by another vehicle. Your insured has OAP. 1 Owner's Policy with Liability, standard Accident Benefits, Direct Compensation Property Damage, Comprehensive and OPCF 44R-Family Protection coverages. Which section of the policy would cover the damage?
73--Your insured parks his/her automobile at a shopping mall while shopping and on return finds it has been damaged by another vehicle. Your insured has OAP. 1 Owner's Policy with Liability, standard Accident Benefits, Direct Compensation Property Damage, Comprehensive and OPCF 44R-Family Protection coverages. Which section of the policy would cover the damage?
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75--There are a number of insurance policies which are designed for specific purposes Which one (1) of the following is designed to give Third Party Liability protection to an employer whose salesmen use their own vehicles in the course of their employment?
75--There are a number of insurance policies which are designed for specific purposes Which one (1) of the following is designed to give Third Party Liability protection to an employer whose salesmen use their own vehicles in the course of their employment?
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76--Which one (1) of the following types of claim under "Section 7-Loss or Damage Coverages of OA.P. 1 Owner's Policy is NOT subject to a
deductible?
76--Which one (1) of the following types of claim under "Section 7-Loss or Damage Coverages of OA.P. 1 Owner's Policy is NOT subject to a deductible?
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74--
Which one (1) of the following statements best defines a "mortgagor"?
74-- Which one (1) of the following statements best defines a "mortgagor"?
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77-- The term fiduciary refers to individuals or organizations occupying positions of trust. Which one (1) of the following would NOT be considered a fiducery?
77-- The term fiduciary refers to individuals or organizations occupying positions of trust. Which one (1) of the following would NOT be considered a fiducery?
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78--Which one (1) of the following statements about "Section 6-Direct Compensation-Property Damage Coverage" of O.A.P. 1 Owner's Policy is INCORRECT?
78--Which one (1) of the following statements about "Section 6-Direct Compensation-Property Damage Coverage" of O.A.P. 1 Owner's Policy is INCORRECT?
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79--An insurance broker agreed to bind liability coverage, the premium for which the applicant promised to pay the following week. Before any payment was made, a claim was made by a third party. What special action, Fany would the insurer take?
79--An insurance broker agreed to bind liability coverage, the premium for which the applicant promised to pay the following week. Before any payment was made, a claim was made by a third party. What special action, Fany would the insurer take?
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81--To what extent does "Coverage A2-Loss Assessment" in a Condominium Unt Owners Comprehensive policy cover an assessment against a unit owner?
81--To what extent does "Coverage A2-Loss Assessment" in a Condominium Unt Owners Comprehensive policy cover an assessment against a unit owner?
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82--Your insured has leased an automobile for three years and requires automobile insurance. The correct procedure would be for you to:
82--Your insured has leased an automobile for three years and requires automobile insurance. The correct procedure would be for you to:
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80--
One of three tenants in your insured's rented triplex, sets fire to his apartment is charged with arson and jailed. Next day the tenant's wife bails out her husband who allegedly set the fire and they return to live in the damaged apartment. The insurance company wishes to retire from this risk as soon as possible. What procedure must the insurer follow to legally cancel the policy?
80-- One of three tenants in your insured's rented triplex, sets fire to his apartment is charged with arson and jailed. Next day the tenant's wife bails out her husband who allegedly set the fire and they return to live in the damaged apartment. The insurance company wishes to retire from this risk as soon as possible. What procedure must the insurer follow to legally cancel the policy?
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84--Which one (1) of the following is NOT true of the "Replacement Cost" coverage under a Homeowners Comprehensive policy?
84--Which one (1) of the following is NOT true of the "Replacement Cost" coverage under a Homeowners Comprehensive policy?
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83--Section 4-Accident Benefits Coverage" of O.A.P. 1 Owner's Policy includes which one (1) of the following provisions?
83--Section 4-Accident Benefits Coverage" of O.A.P. 1 Owner's Policy includes which one (1) of the following provisions?
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85--Which one (1) of the following statements is true regarding Replacement Cost insurance?
85--Which one (1) of the following statements is true regarding Replacement Cost insurance?
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87--Which one of the following statements best describe "subrogation?
87--Which one of the following statements best describe "subrogation?
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88--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 work to subcontractors?
88--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 work to subcontractors?
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86--What is the purpose of the "Pair and Set" clause in a Property insurance policy
86--What is the purpose of the "Pair and Set" clause in a Property insurance policy
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as between Gcano registered and insured cars with permanent serious disfigurement. The other insured pemament nor serious. Both cars are
blame for the accident. Which one (1) of the following her one is mured for collision damage. Both drivers are
as between Gcano registered and insured cars with permanent serious disfigurement. The other insured pemament nor serious. Both cars are blame for the accident. Which one (1) of the following her one is mured for collision damage. Both drivers are
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89--Your insured phones and tells you that while visiting a friend, he/she has acidentally burnt a small hole in the friend's oriental rug. The insured wishes to know if the cost of repairing the rug is covered under the Tenants Comprehensive policy. What would be your response?
89--Your insured phones and tells you that while visiting a friend, he/she has acidentally burnt a small hole in the friend's oriental rug. The insured wishes to know if the cost of repairing the rug is covered under the Tenants Comprehensive policy. What would be your response?
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90--Which one of the following is a possible affect of a "Co-insurance Clause on the settlement of a loss?
90--Which one of the following is a possible affect of a "Co-insurance Clause on the settlement of a loss?
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Which one (1) of the following statements is NOT correct?
Which one (1) of the following statements is NOT correct?
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26..The Facility Association was established by the insurance industry to insure automobile risks which do not find ready acceptance on the open market Which one (1) of the following statements describes it best?
26..The Facility Association was established by the insurance industry to insure automobile risks which do not find ready acceptance on the open market Which one (1) of the following statements describes it best?
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28...A person involed in an automobile accident in Ontario may be allowed to take illegal action against those legally responsible under certain circumstances Which one (1) of the following statements is correct?
28...A person involed in an automobile accident in Ontario may be allowed to take illegal action against those legally responsible under certain circumstances Which one (1) of the following statements is correct?
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Your insured is required to sign a waiver which the landlord from liability for injury or damage occuring on the persons being rented. A fire in the building seriously damages your insured's things. He/She has a tenants compressive policy through your brokerage. it is established that the landlord was responsible for the fire. which one of the following is true regarding coverage under your insured's policy?
Your insured is required to sign a waiver which the landlord from liability for injury or damage occuring on the persons being rented. A fire in the building seriously damages your insured's things. He/She has a tenants compressive policy through your brokerage. it is established that the landlord was responsible for the fire. which one of the following is true regarding coverage under your insured's policy?
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which of the following statements correctly completes the sentence
A proof of loss form is normally,
which of the following statements correctly completes the sentence A proof of loss form is normally,
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Which one of the following classes of the insurance is designed indermity a business for loss of income due to fire damage to building stock and equipment?
Which one of the following classes of the insurance is designed indermity a business for loss of income due to fire damage to building stock and equipment?
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1.. which one of the following is the defination of burglary by the insurance industry
1.. which one of the following is the defination of burglary by the insurance industry
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which one of the following kinds of property does the homeowners compressive policy automatically covers
which one of the following kinds of property does the homeowners compressive policy automatically covers
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your insured calls to report he/she will be using his/her automobile to carry senior citizens each day from a nursing home to various locations in the city . your insured will be paid 15 cents a kilometer for the use of the car. what action should you take?
your insured calls to report he/she will be using his/her automobile to carry senior citizens each day from a nursing home to various locations in the city . your insured will be paid 15 cents a kilometer for the use of the car. what action should you take?
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43.. from whom does a broker obtain its authority to bind coverage on a risk?
43.. from whom does a broker obtain its authority to bind coverage on a risk?
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44..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. To what extent may this affect her insurance policy?
44..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. To what extent may this affect her insurance policy?
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36.which one of the following is a "lessee"of a property?
36.which one of the following is a "lessee"of a property?
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- When does the RIB act require an individual to be registered as an insurance broker?
- When does the RIB act require an individual to be registered as an insurance broker?
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- The contents of a building are valued at $200,000 but insured for only 000 The policy insuring the contents has a 90% co-insurance clause $1,000 deductible clause. A fire totally destroys everything. How much would the policy pay?
- The contents of a building are valued at $200,000 but insured for only 000 The policy insuring the contents has a 90% co-insurance clause $1,000 deductible clause. A fire totally destroys everything. How much would the policy pay?
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42.. Your insured calls to report he/she will be using hoher automobile to carry senior citizens each day from a nursing home to various locations in the city Your insured will be paid 15 cents a kilometre for the use of the car. What action should you take?
42.. Your insured calls to report he/she will be using hoher automobile to carry senior citizens each day from a nursing home to various locations in the city Your insured will be paid 15 cents a kilometre for the use of the car. What action should you take?
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- Which one (1) of the following is a hazard as it pertains to insurance?
- Which one (1) of the following is a hazard as it pertains to insurance?
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- From whom does a broker obtain its authority to bind coverage on a risk?
- From whom does a broker obtain its authority to bind coverage on a risk?
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14.What is Actual cash value?
14.What is Actual cash value?
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44.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. To what extent may this affect her insurance policy?
44.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. To what extent may this affect her insurance policy?
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- Where there is a co-insurance clause in a replacement cost policy, it is necessary to determine:
- Where there is a co-insurance clause in a replacement cost policy, it is necessary to determine:
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- A small retail establishment in your community temporarily closes and the properieter leaving the contents undisturbed, takes a three- month vacation and business improves. From an insurance standpoint, what is the status of the premises?
- A small retail establishment in your community temporarily closes and the properieter leaving the contents undisturbed, takes a three- month vacation and business improves. From an insurance standpoint, what is the status of the premises?
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17.Who is protected by the standard Mortgage clause in a property insurance policy?
17.Who is protected by the standard Mortgage clause in a property insurance policy?
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- 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:
- 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:
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41.. Which one (1) of the following kinds of property does the Homeowners Comprehensive policy automatically cover?
41.. Which one (1) of the following kinds of property does the Homeowners Comprehensive policy automatically cover?
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54.. A dwelling valued at $200,000 is owned by three persons. A has $100,000 metas $60,000 invested and Chas $40,000. A resides in the house. tised for $150,000. The building is totally destroyed by fire. How much would A receive?
54.. A dwelling valued at $200,000 is owned by three persons. A has $100,000 metas $60,000 invested and Chas $40,000. A resides in the house. tised for $150,000. The building is totally destroyed by fire. How much would A receive?
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- An insurer may reject a risk for any number of reasons. Which one of the following is NOT actually a reason for rejection?
- An insurer may reject a risk for any number of reasons. Which one of the following is NOT actually a reason for rejection?
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- Your client has a $200 000 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?
- Your client has a $200 000 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?
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- Your insured has an O.A.P 1 Owners policy and asks if the policy will cover driving in Mexico, Arizona, California and Huwaii as well as in Canada. You Confirm the policy will cover
- Your insured has an O.A.P 1 Owners policy and asks if the policy will cover driving in Mexico, Arizona, California and Huwaii as well as in Canada. You Confirm the policy will cover
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12.. all clients should be counselled regarding the regarding the availability of enhancement Options available under de OAP1 Owners Policy, Which one (1) of the fllowing is an avaaliable enhancement ?
12.. all clients should be counselled regarding the regarding the availability of enhancement Options available under de OAP1 Owners Policy, Which one (1) of the fllowing is an avaaliable enhancement ?
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- What does it mean when an insured is indemnified by an insurer after a loss?
- What does it mean when an insured is indemnified by an insurer after a loss?
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18... The liability section of the homeowners Comprehensive policy provides coverage for certain financial obligations of the insured. aganist which one of the following obliagtions would the insured be protected!
18... The liability section of the homeowners Comprehensive policy provides coverage for certain financial obligations of the insured. aganist which one of the following obliagtions would the insured be protected!
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- Your client owns a condominium unit. The kitchen cabinets and stove are damaged by fire and the wallpaper sustains a smoke damage. Estimates obtained are $750 to replace the stove, $1000 to repair the cabinets and $250 to clean the wallpaper. Your client insured under condominium unit owners comprehensive policy subject to $300 deductible clause. How much can your client expect to recover under the policy?
- Your client owns a condominium unit. The kitchen cabinets and stove are damaged by fire and the wallpaper sustains a smoke damage. Estimates obtained are $750 to replace the stove, $1000 to repair the cabinets and $250 to clean the wallpaper. Your client insured under condominium unit owners comprehensive policy subject to $300 deductible clause. How much can your client expect to recover under the policy?
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20.. An insurer may reject a risk for any number of reasons. Which one (1) of the following is NOT usually a reason for rejection?
20.. An insurer may reject a risk for any number of reasons. Which one (1) of the following is NOT usually a reason for rejection?
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- Detached private structures may be covered at the option of the insured under the secondary residence fire and extended coverage section of the homeowners comprehensive policy. What is the most that can be claimed to apply to the less valuable of two such private structures?
- Detached private structures may be covered at the option of the insured under the secondary residence fire and extended coverage section of the homeowners comprehensive policy. What is the most that can be claimed to apply to the less valuable of two such private structures?
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- Which of the following is correct about uninsured automobile coverage?
- Which of the following is correct about uninsured automobile coverage?
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25.. Which one (1) of the following statements is true about the OAP 1 owner's policy optional coverage "OPCF 44R-Family Protection Coverage ?
25.. Which one (1) of the following statements is true about the OAP 1 owner's policy optional coverage "OPCF 44R-Family Protection Coverage ?
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28.A person involved in an automobile accident in ontario may be allowed to take legal action against those legally responsible under certain circumstances. Which of the following statements is correct?
28.A person involved in an automobile accident in ontario may be allowed to take legal action against those legally responsible under certain circumstances. Which of the following statements is correct?
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- You are completing an application for travel health insurance with a client, he informs you he will be hang gliding during his trip. What would you tell him?
- You are completing an application for travel health insurance with a client, he informs you he will be hang gliding during his trip. What would you tell him?
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32.To comply with RIBO By law No. 20 any changes of employment must be reported to RIBO? Which one of the following is not correct?
32.To comply with RIBO By law No. 20 any changes of employment must be reported to RIBO? Which one of the following is not correct?
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- On renting an apartment, your insured is required to sign 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 furnishings. He/she has a tenants comprehensive policy through your brokerage. It is established that the landlord was responsible for the fire. Which
of the following statements is correct regarding coverage under the policy?
- On renting an apartment, your insured is required to sign 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 furnishings. He/she has a tenants comprehensive policy through your brokerage. It is established that the landlord was responsible for the fire. Which of the following statements is correct regarding coverage under the policy?
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- Your insured has brought a snowmobile and has called to advise you that his 14 year old son will also
be driving the new machine. Your insured has an existing OAP1 policy for the snowmobile. What do you tell your insured?
- Your insured has brought a snowmobile and has called to advise you that his 14 year old son will also be driving the new machine. Your insured has an existing OAP1 policy for the snowmobile. What do you tell your insured?
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- A policy is considered as a ' Valued policy if its terms includes which one of the following?
- A policy is considered as a ' Valued policy if its terms includes which one of the following?
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- Which one of the following statements correctly completed the sentence?
A "Proof of Loss" form is normally
- Which one of the following statements correctly completed the sentence? A "Proof of Loss" form is normally
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- 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 classes of insurance is intended to indemnify a business for loss of income due to fire damage to building, stock and equipment?
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- A building worth $100,00 is insured for $60,000 under a policy with an 80% co-insurance clause. Fire damages the building to the extent of
- A building worth $100,00 is insured for $60,000 under a policy with an 80% co-insurance clause. Fire damages the building to the extent of
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- Whch one of the following is the definition of burglary by the insurance industry?
- Whch one of the following is the definition of burglary by the insurance industry?
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Which one of the following steps should an insured person take if emergency medical treatments or hospitalization outside canada is
Which one of the following steps should an insured person take if emergency medical treatments or hospitalization outside canada is
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