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RIBO Practice Test 5a Auto Questions and Answers with Solutions 2024/2025
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RIBO Practice Test 5a Auto Questions and Answers with Solutions 2024/2025
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RIBO Practice Test 5a AutoWhich 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 Scotia - ANSC
Of the following, the person who most clearly has an insurable interest in an automobile is?
a) The person who actually owns the automobile
b) The person whose name appears on the auto insurance policy
c) A person who has a lien on the auto
d) A person who can legally drive the insured auto - ANSA
When there is an auto loss, the insured is required to:
a) Abandon the automobile to the possession of the insurer
b) Protect the automobile from further loss
c) Try to settle any claim with a third party amicably
d) Submit proof of loss within 60 days - ANSB
The minimum limit of automobile liability allowance by law in the Province of Ontario is
$200,000. In the even of claims for both bodily injury and property damage which exceeds the
limit, the money will be apportioned:
a) $195,000 BI, $5000 PD
b) $190,000 BI, $10,000 PD
c) $180,000 BI, $20,200 PD
d) $150,000 BI, $50,000 PD - ANSB
Lawsuits for Non-economic loss due to an automobile accident are subject to which of the
following?
a) $15,000 per person deductible
b) $10,000 per person deductible
c) $25,000 per person deductible
d) $30,000 per person deductible - ANSD
Under the OAP 1 the Statutory Condition, Termination does not state:
, a) Who may cancel the policy
b) How much notice must be given
c) The actual amount of premium to be refunded
d) How the notice must be given - ANSC
You have an automobile with liability coverage for $500,000 under one policy (A) and another
automobile with liability coverage for $1,000,000 under a separate policy (B). How much will
policy (B) pay if you are involved in an accident involving an automobile you do not own?
a) 1/3
b) 2/3
c) 3/4
d) All - ANSB
Which of the following would be considered "persons insured" under the uninsured Automobile
Coverage?
a) The spouse of the insured when hit by an uninsured vehicle while walking the dog
b) The owner of the uninsured automobile
c) Anyone who drives your vehicle
d) All of the above - ANSA
Which of the statements in not true pertaining to terminating an Auto Policy?
a) The insurer is required to provide 15 days written notice by registered mail
b) The insurer can terminate coverage by providing 5 days written notice which is personally
delivered
c) The insured can terminate coverage anytime subject to returned premium on a pro-rata basis
d) Same as answer c except on a short rate basis - ANSC
Which of the following losses is covered under the specified perils section of the policy?
a) Damages caused by radioactive contamination
b) Tapes stolen from the front car seat
c) Damage caused when water freezes in the radiator
d) Hail damage to the roof of the automobile - ANSD
If you have comprehensive coverage with the standard $300 deductible, the deductible will
apply to all of the following losses except
a) the theft of you auto's CD player
b) Scratches to the side of your auto caused by some type of blunt object while your auto is
parked illegally in a no parking zone
c) Lighting damage to your vehicle
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