Page | 1
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ONTARIO AUTO EXAM (RIBO) Questions
with Detailed Verified Answers (100%
Correct Answers) /Already Graded A+
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?
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.
Ans: 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)
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Ans: 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)
Ans: 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.
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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.
Ans: 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.
Ans: 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
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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.
Ans: 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.
Ans: 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.
Click here for more: Scholarsnexus - Stuvia US
ONTARIO AUTO EXAM (RIBO) Questions
with Detailed Verified Answers (100%
Correct Answers) /Already Graded A+
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?
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.
Ans: 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)
,Page | 2
Click here for more: Scholarsnexus - Stuvia US
Ans: 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)
Ans: 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.
,Page | 3
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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.
Ans: 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.
Ans: 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
, Page | 4
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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.
Ans: 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.
Ans: 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.
