ONTARIO AUTO LATEST
EXAM (RIBO) EXAM
When the insured purchases second or replacement vehicle, coverage
under OAP 1 is:
A. Not available until insurer has all the details.
B. Automatically extended for 14 days with the coverage the insured
wants.
C. Automatically extended until the insured notifies the insurance
company.
D. Extended for 14 days subject to the coverage already in place. -
ANSWERS-D. Extended for 14 days subject to the coverage already in
place.
Which statement is NOT true pertaining to terminating an auto policy?
A. The insurer is required to provide 15 days notice by registered mail.
B. The insurer can terminate the policy by providing 5 days written
notice if hand delivered.
C. The insurer can terminate coverage anytime subject to a short rate
return of premium.
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1
, ONTARIO AUTO LATEST
EXAM (RIBO) EXAM
D. The insured can terminate the policy anytime subject to a short rate
refund. - ANSWERS-C. The insurer can terminate coverage anytime
subject to a short rate return of premium.
The insured's car is stolen. The insured is entitled to Loss of Use by
Theft Coverage only:
A. When the Third Party Liability coverage is purchased.
B. When a special endorsement is purchased.
C. If he had physical damage coverage.
D. FOR the 72 hours immediately following the theft of the vehicle. -
ANSWERS-C. If he had physical damage coverage.
The definition of insured under Third Party Liability section of the
owner's policy includes:
A. anyone struck or injured by the insured automobile
B. anyone who personally operates the vehicle.
C. anyone who personally drives the vehicle with owner's consent.
D. all of the above.
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PAGE
2
, ONTARIO AUTO LATEST
EXAM (RIBO) EXAM
HINT - Booklet P19 "Who is covered"
You are covered when you, or anyone else in possession of a described
automobile with your consent, uses or operates it. We will consider
THESE OTHER PEOPLE, insured persons. - ANSWERS-C. anyone
who personally drives the vehicle with owner's consent.
Under the auto policy, on receipt of a proof of loss the insurer:
A. must pay for the damage to the automobile within the next year.
B. must negotiate settlement.
C. must pay for the damage to the automobile within 90 days.
D. C. must pay for the damage to the automobile within 60 days. -
ANSWERS-D. C. must pay for the damage to the automobile within 60
days.
The OAP 1 covers:
A. Your car being driven in Mexico.
B. Your auto on a ferryboat from Vancouver to San Francisco.
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3
, ONTARIO AUTO LATEST
EXAM (RIBO) EXAM
C. Your auto in Bermuda.
D. Your auto in England. - ANSWERS-B. Your auto on a ferryboat
from Vancouver to San Francisco.
What additional coverage is there in Comprehensive that is not available
in Specified Perils?
A. Fire
B. Lightening
C. Radioactive Contamination
D. Vandalism - ANSWERS-D. Vandalism
Ordinary Negligence is:
A. failure to do what a reasonable and prudent person would do in a
given situation.
B. usually characterized by reckless, wanton and willful misconduct.
C. defined in the same way as Gross Negligence.
END OF
PAGE
4
EXAM (RIBO) EXAM
When the insured purchases second or replacement vehicle, coverage
under OAP 1 is:
A. Not available until insurer has all the details.
B. Automatically extended for 14 days with the coverage the insured
wants.
C. Automatically extended until the insured notifies the insurance
company.
D. Extended for 14 days subject to the coverage already in place. -
ANSWERS-D. Extended for 14 days subject to the coverage already in
place.
Which statement is NOT true pertaining to terminating an auto policy?
A. The insurer is required to provide 15 days notice by registered mail.
B. The insurer can terminate the policy by providing 5 days written
notice if hand delivered.
C. The insurer can terminate coverage anytime subject to a short rate
return of premium.
END OF
PAGE
1
, ONTARIO AUTO LATEST
EXAM (RIBO) EXAM
D. The insured can terminate the policy anytime subject to a short rate
refund. - ANSWERS-C. The insurer can terminate coverage anytime
subject to a short rate return of premium.
The insured's car is stolen. The insured is entitled to Loss of Use by
Theft Coverage only:
A. When the Third Party Liability coverage is purchased.
B. When a special endorsement is purchased.
C. If he had physical damage coverage.
D. FOR the 72 hours immediately following the theft of the vehicle. -
ANSWERS-C. If he had physical damage coverage.
The definition of insured under Third Party Liability section of the
owner's policy includes:
A. anyone struck or injured by the insured automobile
B. anyone who personally operates the vehicle.
C. anyone who personally drives the vehicle with owner's consent.
D. all of the above.
END OF
PAGE
2
, ONTARIO AUTO LATEST
EXAM (RIBO) EXAM
HINT - Booklet P19 "Who is covered"
You are covered when you, or anyone else in possession of a described
automobile with your consent, uses or operates it. We will consider
THESE OTHER PEOPLE, insured persons. - ANSWERS-C. anyone
who personally drives the vehicle with owner's consent.
Under the auto policy, on receipt of a proof of loss the insurer:
A. must pay for the damage to the automobile within the next year.
B. must negotiate settlement.
C. must pay for the damage to the automobile within 90 days.
D. C. must pay for the damage to the automobile within 60 days. -
ANSWERS-D. C. must pay for the damage to the automobile within 60
days.
The OAP 1 covers:
A. Your car being driven in Mexico.
B. Your auto on a ferryboat from Vancouver to San Francisco.
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PAGE
3
, ONTARIO AUTO LATEST
EXAM (RIBO) EXAM
C. Your auto in Bermuda.
D. Your auto in England. - ANSWERS-B. Your auto on a ferryboat
from Vancouver to San Francisco.
What additional coverage is there in Comprehensive that is not available
in Specified Perils?
A. Fire
B. Lightening
C. Radioactive Contamination
D. Vandalism - ANSWERS-D. Vandalism
Ordinary Negligence is:
A. failure to do what a reasonable and prudent person would do in a
given situation.
B. usually characterized by reckless, wanton and willful misconduct.
C. defined in the same way as Gross Negligence.
END OF
PAGE
4
