RIBO Practice Test 5a Auto UPDATED Exam Questions and CORRECT Answers
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Course
RIBO
Institution
RIBO
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 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 Scotia - Correct Answer- C
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 - Correct Answer- A
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 - Correct Answer- B
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 - Correct Answer- B
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 - Correct Answer- D
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 - Correct Answer- C
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 - Correct Answer- B
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
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