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ONTARIO AUTO EXAM (RIBO) Questions with Correct Answers
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ONTARIO AUTO EXAM (RIBO) Questions with Correct Answers
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ONTARIO AUTO EXAM (RIBO) Questions withCorrect Answers
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. Correct Answer-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) Correct
Answer-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) Correct Answer-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.
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. Correct Answer-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. Correct Answer-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
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. Correct Answer-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. Correct Answer-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.
C. Would pay the claim, less deductible
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