ONTARIO AUTO EXAM (RIBO) 2026/2027 LATEST
VERSION WITH CORRECT ANSWERS &QUESTIONS
our 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?
A. O.A.P. 1 Owner Form, suitably endorsed.
B. O.P.F. #2 Driver's Form.
C. O.P.F. #6 Non-owned Automobile Form, suitable endorsed.
D. Garage Auto Form, suitably endorsed. -Answer--A. O.A.P. 1 Owner Form, suitably
endorsed.
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:
A. Windstorm
B. Explosion
C. Vandalism
D. Fire
(P48. only fire + lightening /no deductible for fire + lightening) -Answer--D. Fire
Uninsured Automobile coverage:
A. Must be added by endorsement to O.A.P. Owner's Form
B. Only cover's bodily injury, but never property damage.
C. Can cover accidental damage to the insured's automobile, provided the uninsured
owner or the driver of the actual automobile is identified.
D. Provides coverage for third parties if the insured causes bodily injury and has
breached a statutory condition.
P.30 52.3 (Uninsured needs to be identified in order to be categorized under
uninsured insurance hence needs to be identified first, to make sure he did not have
coverage/insurance in reality) -Answer--C. Can cover accidental damage to the
insured's automobile, provided the uninsured owner or the driver of the actual
automobile is identified.
A client phones to tell you he has brought a high-end stereo system costing $5,000,
which has been installed in his car. What should you tell him?
,A. Be sure to always lock the car, as there is no coverage if the system costing
$5,000 is stolen when the car is unlocked.
B. There is no coverage on the system without an approved security system in the
car.
C. No further action is needed. The new system is automatically covered under his
O.A.P. 1 Owners's Form as a part of the car.
D. To provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's
Form endorsed to cover its full value. -Answer--D. To provide you with a copy of the
invoice so you can have his O.A.P. 1 Owner's Form endorsed to cover its full value.
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:
A. For the full replacement cost.
B. Up to $2,500 if installed after the vehicle is purchased
C. For the actual cash value if factory installed.
D. For the actual cash value.
Page 52. -Answer--C. For the actual cash value if factory installed.
Your insured parks his/her automobile at a shopping mall and on his/her return 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?
A. Comprehensive
B. OPCF 44, Family Protection Endorsement
C. Liability
D. There would be no coverage
This type of loss would be covered under Collision or All perils, and the insured does
not have either of those coverages. -Answer--D. There would be no coverage.
Insured 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:
A. Water
B. Lightening
C. Vandalism
D. Windstorm
Page 48.: If you are insured for loss or damage caused by fire or lightening, there is
no deductible for these losses. -Answer--B. Lightening
, Your insured calls to report while ice fishing on Lake Simcoe his/her automobile went
through ice. He/she has O.A.P. 1 Owner's Form with Liability, Accident Benifits and
Comprehensive Coverages. The insurer:
A. Would pay the claim in full
B. Would not pay the claim, as there is no coverage.
C. Would pay the claim, less deductible
D. Would not pay the claim, as the automobile was not being operated on a public
highway.
P44. Loss would be covered under Comprehensive Coverage. -Answer--C. Would
pay the claim, less deductible
The Facility Association is :
A. A group of insurance carriers that write the insurance risks on automobiles owned
by their agents/brokers and their staff.
B. A reinsurance device for accommodating automobile policyholders who wish to
have particularly high limits of insurance.
C. An insurance pool subscribed to by all automobile insurance carriers that share
the writing of risks not ordinarily written in the regular market or normal market.
D. The provincial government insurance office charged with the responsibility of
accepting applications from all automobile owners who cannot get insurance
anywhere. -Answer--C. An insurance pool subscribed to by all automobile insurance
carriers that share the writing of risks not ordinarily written in the regular market or
normal market.
The insured's automobile is broken into and some articles are taken. Specified perils
will cover:
A. Musical instruments that were in the trunk.
B. The bumper jack belonging to the automobile.
C. The insured's raincoat
D. Property of the insured's passengers.
A,C,D would be covered under "All Perils" , not specified perils. See P 44.
-Answer--B. The bumper jack belonging to the automobile.
If the insured drove his automobile in to his garage door, what would be included
under the Own Damage coverage on his automobile policy?
A. Both the auto and the door.
B. Neither the auto nor the door.
C. The auto.
VERSION WITH CORRECT ANSWERS &QUESTIONS
our 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?
A. O.A.P. 1 Owner Form, suitably endorsed.
B. O.P.F. #2 Driver's Form.
C. O.P.F. #6 Non-owned Automobile Form, suitable endorsed.
D. Garage Auto Form, suitably endorsed. -Answer--A. O.A.P. 1 Owner Form, suitably
endorsed.
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:
A. Windstorm
B. Explosion
C. Vandalism
D. Fire
(P48. only fire + lightening /no deductible for fire + lightening) -Answer--D. Fire
Uninsured Automobile coverage:
A. Must be added by endorsement to O.A.P. Owner's Form
B. Only cover's bodily injury, but never property damage.
C. Can cover accidental damage to the insured's automobile, provided the uninsured
owner or the driver of the actual automobile is identified.
D. Provides coverage for third parties if the insured causes bodily injury and has
breached a statutory condition.
P.30 52.3 (Uninsured needs to be identified in order to be categorized under
uninsured insurance hence needs to be identified first, to make sure he did not have
coverage/insurance in reality) -Answer--C. Can cover accidental damage to the
insured's automobile, provided the uninsured owner or the driver of the actual
automobile is identified.
A client phones to tell you he has brought a high-end stereo system costing $5,000,
which has been installed in his car. What should you tell him?
,A. Be sure to always lock the car, as there is no coverage if the system costing
$5,000 is stolen when the car is unlocked.
B. There is no coverage on the system without an approved security system in the
car.
C. No further action is needed. The new system is automatically covered under his
O.A.P. 1 Owners's Form as a part of the car.
D. To provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's
Form endorsed to cover its full value. -Answer--D. To provide you with a copy of the
invoice so you can have his O.A.P. 1 Owner's Form endorsed to cover its full value.
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:
A. For the full replacement cost.
B. Up to $2,500 if installed after the vehicle is purchased
C. For the actual cash value if factory installed.
D. For the actual cash value.
Page 52. -Answer--C. For the actual cash value if factory installed.
Your insured parks his/her automobile at a shopping mall and on his/her return 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?
A. Comprehensive
B. OPCF 44, Family Protection Endorsement
C. Liability
D. There would be no coverage
This type of loss would be covered under Collision or All perils, and the insured does
not have either of those coverages. -Answer--D. There would be no coverage.
Insured 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:
A. Water
B. Lightening
C. Vandalism
D. Windstorm
Page 48.: If you are insured for loss or damage caused by fire or lightening, there is
no deductible for these losses. -Answer--B. Lightening
, Your insured calls to report while ice fishing on Lake Simcoe his/her automobile went
through ice. He/she has O.A.P. 1 Owner's Form with Liability, Accident Benifits and
Comprehensive Coverages. The insurer:
A. Would pay the claim in full
B. Would not pay the claim, as there is no coverage.
C. Would pay the claim, less deductible
D. Would not pay the claim, as the automobile was not being operated on a public
highway.
P44. Loss would be covered under Comprehensive Coverage. -Answer--C. Would
pay the claim, less deductible
The Facility Association is :
A. A group of insurance carriers that write the insurance risks on automobiles owned
by their agents/brokers and their staff.
B. A reinsurance device for accommodating automobile policyholders who wish to
have particularly high limits of insurance.
C. An insurance pool subscribed to by all automobile insurance carriers that share
the writing of risks not ordinarily written in the regular market or normal market.
D. The provincial government insurance office charged with the responsibility of
accepting applications from all automobile owners who cannot get insurance
anywhere. -Answer--C. An insurance pool subscribed to by all automobile insurance
carriers that share the writing of risks not ordinarily written in the regular market or
normal market.
The insured's automobile is broken into and some articles are taken. Specified perils
will cover:
A. Musical instruments that were in the trunk.
B. The bumper jack belonging to the automobile.
C. The insured's raincoat
D. Property of the insured's passengers.
A,C,D would be covered under "All Perils" , not specified perils. See P 44.
-Answer--B. The bumper jack belonging to the automobile.
If the insured drove his automobile in to his garage door, what would be included
under the Own Damage coverage on his automobile policy?
A. Both the auto and the door.
B. Neither the auto nor the door.
C. The auto.
