RIBO Bundled Exam Questions and CORRECT Answers

RIBO Practice Test 5a Auto UPDATED Exam Questions and CORRECT Answers Which of the following provinces offer only government compulsory auto insurance? a) Alberta, Quebec and Saskatchewan b) Saskatchewan, Quebec and Manitoba c) British Columbia, Manitoba and Saskatchewan d) Ontario and Nova ...

RIBO Exam Prep UPDATED Exam Questions and CORRECT Answers Implied Contract - Correct Answer- a contract that comes about from the actions of the parties Express Contract - Correct Answer- Terms have been specificity states and agreed upon by both parties Reinsurance - Correct Answer- insura...

RIBO Exam UPDATED Exam Questions and CORRECT Answers What is Insurance? - Correct Answer- The undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of insurance may be exposed. OR To pay a sum of mo...

BB Practice Test 2 RIBO UPDATED Exam Questions and CORRECT Answers As a broker holding a restricted license you are not able to: a) Sell insurance policies on behalf of more than one insurer b) Open and operate a trust account c) Counsel Potential clients on the insurance choices available d)...

RIBO ACT UPDATED Exam Questions and CORRECT Answers Who can be a broker - Correct Answer- Section 5(a) An Individual, greater than 18, Good Character, Has not been convicted, has not been refused membership in the past, Satisfies educational requirements, only business is insurance, carries i...