OTL Exam Questions |Actual Complete Exam |
Guaranteed to Pass
Which type of fire is arson? ✔Correct Answer-Hostile Fire
How much does a vehicle use/access ridesharing applications? ✔Correct Answer-
What is the purpose of the compulsory automobile act? ✔Correct Answer-
When its covered by a personal articles endorsement have more sentimental value than
financial value on what basis are they covered? ✔Correct Answer-
What does it mean to underwrite? ✔Correct Answer-
Before an insured has claim, what can insurance be considered? ✔Correct Answer-
What is tort? ✔Correct Answer-
Which province uses a combination system to distribute insurance? ✔Correct Answer-
Which statement describes the coverage provided for a watercraft by coverage C - Personal
Property? ✔Correct Answer-
How is an accident defined? ✔Correct Answer-
Damages of $600,000 have been made against Anita resulting from an automobile accident for
which she was at fault. Anita has $500,000 in liability coverage. How will the additional
$100,000 in damages be covered? ✔Correct Answer-
Who grants an agent/broker the authority to bind specifc coverage? ✔Correct Answer-
Who specifies the type of investment permitted by insurers? ✔Correct Answer-
What is the premium for an excess automobile policy generallt based on? ✔Correct Answer-
What is another way to describe a contract? ✔Correct Answer-
What type of insurance would cover losses arising from libel and slander? ✔Correct Answer-
What is an example of specualtive risk? ✔Correct Answer-
, What should an intermediary do if they are unable to fulfill a client's insurance needs?
✔Correct Answer-
Who is responsible for administering disciplinary action to a staff adjuster? ✔Correct Answer-
What is the legal process by which an insurer pursues an rights of recovery against a responsible
third party? ✔Correct Answer-
What are the potential consequences of having poorly run office with inaccurate and
inadequate accounting and office methods? ✔Correct Answer-
Why is a contract NOT valid os it is for an illegal act? ✔Correct Answer-
What is NOT a function of the OPCF 6B - School Bus Coverage? ✔Correct Answer-
If personal proeprty is subject to a special limit, how can it be insured for its full value?
✔Correct Answer-
Two drivers get into an accident in Ontario. One of the drivers is a tourist from a US state
insured with an insurer that does NOT subscribe to Ontario DCPD rules. Would Direct
Compensation-Property Damage (DCPD) apply? ✔Correct Answer-
Which policy considers a partnership, an individual, a joint venture, or a company as a named
insured? ✔Correct Answer-
How does the motor vehicle accident claim fund (MVACF) respond if a claim arises from a driver
that is identified and admits liability but is uninsured? ✔Correct Answer-
Nick repaired his vehicle that was damaged in an accident. He repaired the damage right away,
and then notified his insurance company. On what grounds did the company deny his claim for
the cost of repairs? ✔Correct Answer-
Charlotte is seriously seriously injured while crossing the street by an automobile that flees the
scene. What would the driver be considered? ✔Correct Answer-
Which home insurance policy provides coverage based on what is NOT covered as opposed to
what is covered? ✔Correct Answer-
Who regulates most aspects of condominiums? ✔Correct Answer-
Fire, crime, business interruption, liability and automobile insurance are examples of what type
of insurance? ✔Correct Answer-
Guaranteed to Pass
Which type of fire is arson? ✔Correct Answer-Hostile Fire
How much does a vehicle use/access ridesharing applications? ✔Correct Answer-
What is the purpose of the compulsory automobile act? ✔Correct Answer-
When its covered by a personal articles endorsement have more sentimental value than
financial value on what basis are they covered? ✔Correct Answer-
What does it mean to underwrite? ✔Correct Answer-
Before an insured has claim, what can insurance be considered? ✔Correct Answer-
What is tort? ✔Correct Answer-
Which province uses a combination system to distribute insurance? ✔Correct Answer-
Which statement describes the coverage provided for a watercraft by coverage C - Personal
Property? ✔Correct Answer-
How is an accident defined? ✔Correct Answer-
Damages of $600,000 have been made against Anita resulting from an automobile accident for
which she was at fault. Anita has $500,000 in liability coverage. How will the additional
$100,000 in damages be covered? ✔Correct Answer-
Who grants an agent/broker the authority to bind specifc coverage? ✔Correct Answer-
Who specifies the type of investment permitted by insurers? ✔Correct Answer-
What is the premium for an excess automobile policy generallt based on? ✔Correct Answer-
What is another way to describe a contract? ✔Correct Answer-
What type of insurance would cover losses arising from libel and slander? ✔Correct Answer-
What is an example of specualtive risk? ✔Correct Answer-
, What should an intermediary do if they are unable to fulfill a client's insurance needs?
✔Correct Answer-
Who is responsible for administering disciplinary action to a staff adjuster? ✔Correct Answer-
What is the legal process by which an insurer pursues an rights of recovery against a responsible
third party? ✔Correct Answer-
What are the potential consequences of having poorly run office with inaccurate and
inadequate accounting and office methods? ✔Correct Answer-
Why is a contract NOT valid os it is for an illegal act? ✔Correct Answer-
What is NOT a function of the OPCF 6B - School Bus Coverage? ✔Correct Answer-
If personal proeprty is subject to a special limit, how can it be insured for its full value?
✔Correct Answer-
Two drivers get into an accident in Ontario. One of the drivers is a tourist from a US state
insured with an insurer that does NOT subscribe to Ontario DCPD rules. Would Direct
Compensation-Property Damage (DCPD) apply? ✔Correct Answer-
Which policy considers a partnership, an individual, a joint venture, or a company as a named
insured? ✔Correct Answer-
How does the motor vehicle accident claim fund (MVACF) respond if a claim arises from a driver
that is identified and admits liability but is uninsured? ✔Correct Answer-
Nick repaired his vehicle that was damaged in an accident. He repaired the damage right away,
and then notified his insurance company. On what grounds did the company deny his claim for
the cost of repairs? ✔Correct Answer-
Charlotte is seriously seriously injured while crossing the street by an automobile that flees the
scene. What would the driver be considered? ✔Correct Answer-
Which home insurance policy provides coverage based on what is NOT covered as opposed to
what is covered? ✔Correct Answer-
Who regulates most aspects of condominiums? ✔Correct Answer-
Fire, crime, business interruption, liability and automobile insurance are examples of what type
of insurance? ✔Correct Answer-
