ONTARIO AUTO EXAM (RIBO) Exam
Practice Questions with 100% Correct
Answers A+.
Which of the following is covered under the All Perils coverage (own
damage) of an automobile policy?
A. Damage caused to the automobile while the driver was under the
influence of drugs.
B. Radioactive Contamination.
C. Rusting of the automobile body.
D. Vandalism damage to the automobile.
HINT - P44 (Exclusions)
D. Vandalism damage to the automobile.
In which of the following situations is coverage available for a
temporary substitute automobile?
A. A friend lends his automobile to the insured.
B. The insured rents an automobile while his vehicle is being repaired.
C. The insured rents an automobile while on vacation in Florida.
D.The insured borrows the company van to move a few pieces of
furniture.
Notes- Ref 2.2.2 (because the vehicle is being repair and hence insured
,is renting one, so the rented auto becomes temporary substitute
automobile.
B. The insured rents an automobile while his vehicle is being repaired.
Is a snowmobile considered to be an automobile for insurance
purposes in Ontario?
A. No.
B. Only when operated on a public highway.
C. Yes
D. Not when being operated by an underage driver.
C. Yes
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:
A. Give him an application for automobile insurance to complete,
which you will them submit, to an insurer.
B. Recommend he register the vehicle in his father's name as the only
way he can obtain insurance.
C. Refer him to another broker who writes this class of business.
D. Advise him that none of your insurers will insure him.
A. Give him an application for automobile insurance to complete, which
you will them submit, to an insurer.
,Newly acquired automobiles are automatically covered under the
O.A.P. 1 Owner's Form provided the insurer is notified:
A. As soon as practicable.
B. Within 14 days.
C. Within 7 days.
D. Within 21 days.
B. Within 14 days.
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 her/his
insurance broker, what would you recommend to make sure your
client is covered against claims from passengers for injuries?
A. Add "passenger hazard endorsement"
B. The standard policy automatically covers the situation. No change is
necessary.
C. Advise the insurer to reclassify the vehicle to business use.
D. Add endorsement "carrying passengers for compensation or hire".
B. The standard policy automatically covers the situation. No change is
necessary.
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:
A. Those coverages, which applied to the vehicle replaced or which,
, apply to all the insured's vehicles if it is an additional automobile.
B. Private Passenger Vehicles Only.
C. A vehicle which replaces one already insured under this policy.
D. Vehicles, which are chiefly used for, pleasure purposes.
Refer - P12 2.21
A. Those coverages, which applied to the vehicle replaced or which,
apply to all the insured's vehicles if it is an additional automobile.
All clients should be counselled regarding the availability of optional
BENEFITS available under O.A.P.1 Owner's Form. Which one (1) of the
following is NOT available?
A. Increased Income Replacement Benefit
B. Excess Economic Loss Endorsement
C. Indexation Benefit
D. Increased Caregiver Benefit.
HINT - Only B is and endorsement NOT benefit, hence the correct
answer.
Refer - P28 4.4
B. Excess Economic Loss Endorsement
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 sustain
minor injuries. Mary Jones is found 100% liable for the accident.
Practice Questions with 100% Correct
Answers A+.
Which of the following is covered under the All Perils coverage (own
damage) of an automobile policy?
A. Damage caused to the automobile while the driver was under the
influence of drugs.
B. Radioactive Contamination.
C. Rusting of the automobile body.
D. Vandalism damage to the automobile.
HINT - P44 (Exclusions)
D. Vandalism damage to the automobile.
In which of the following situations is coverage available for a
temporary substitute automobile?
A. A friend lends his automobile to the insured.
B. The insured rents an automobile while his vehicle is being repaired.
C. The insured rents an automobile while on vacation in Florida.
D.The insured borrows the company van to move a few pieces of
furniture.
Notes- Ref 2.2.2 (because the vehicle is being repair and hence insured
,is renting one, so the rented auto becomes temporary substitute
automobile.
B. The insured rents an automobile while his vehicle is being repaired.
Is a snowmobile considered to be an automobile for insurance
purposes in Ontario?
A. No.
B. Only when operated on a public highway.
C. Yes
D. Not when being operated by an underage driver.
C. Yes
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:
A. Give him an application for automobile insurance to complete,
which you will them submit, to an insurer.
B. Recommend he register the vehicle in his father's name as the only
way he can obtain insurance.
C. Refer him to another broker who writes this class of business.
D. Advise him that none of your insurers will insure him.
A. Give him an application for automobile insurance to complete, which
you will them submit, to an insurer.
,Newly acquired automobiles are automatically covered under the
O.A.P. 1 Owner's Form provided the insurer is notified:
A. As soon as practicable.
B. Within 14 days.
C. Within 7 days.
D. Within 21 days.
B. Within 14 days.
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 her/his
insurance broker, what would you recommend to make sure your
client is covered against claims from passengers for injuries?
A. Add "passenger hazard endorsement"
B. The standard policy automatically covers the situation. No change is
necessary.
C. Advise the insurer to reclassify the vehicle to business use.
D. Add endorsement "carrying passengers for compensation or hire".
B. The standard policy automatically covers the situation. No change is
necessary.
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:
A. Those coverages, which applied to the vehicle replaced or which,
, apply to all the insured's vehicles if it is an additional automobile.
B. Private Passenger Vehicles Only.
C. A vehicle which replaces one already insured under this policy.
D. Vehicles, which are chiefly used for, pleasure purposes.
Refer - P12 2.21
A. Those coverages, which applied to the vehicle replaced or which,
apply to all the insured's vehicles if it is an additional automobile.
All clients should be counselled regarding the availability of optional
BENEFITS available under O.A.P.1 Owner's Form. Which one (1) of the
following is NOT available?
A. Increased Income Replacement Benefit
B. Excess Economic Loss Endorsement
C. Indexation Benefit
D. Increased Caregiver Benefit.
HINT - Only B is and endorsement NOT benefit, hence the correct
answer.
Refer - P28 4.4
B. Excess Economic Loss Endorsement
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 sustain
minor injuries. Mary Jones is found 100% liable for the accident.
