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©THEBRIGHTSTARS 2024 RIBO 2 Exam Questions With Correct Answers. Which one of the following events would be considered a robbery loss? - answera.Money stolen from a custodian by threat of violence even though no weapon is used. b.Money stolen during a burglary. c.Theft of money by an employee...

Saskatchewan d) Ontario and Nova Scotia - answerC 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) ...

RIBO ACT -Exam Questions With Correct Answers. An insurance broker - answermeans any person who for compensation, commission or other thing of value, with respect to person or property in Ontario, deals directly with public and holds himself, herself or itself out as : 1. acts or aids in negoti...

©THEBRIGHTSTARS 2024 RIBO Insurance Course Practice Questions Week 3 With Correct Answers. What is a main benefit of having an insurance application completed in writing and signed by the applicant? Select one: a. Provides accurate documentation of the coverage requested and confirms the accu...

©THEBRIGHTSTARS 2024 a. It is the expressed will of the common people governing relationships among all members of society regardless of their status. b. It is a body of well-defined legal principles set out in thousands of court decisions over hundreds of years. c. It is the written law upon ...

Ribo Test #2 Attempt Exam Questions With Correct Answers. The original perils insured by the Basic Fire Policy include - answerfire, lighting and limited explosion The Basic Fire Policy covers which of the following perils? - answerfire, direct damage by lightning and limited explosion After ...

RIBO Level 1 Exam Questions With Correct Answers. Indemnify - answerThe action of compensating an insured following a loss under the insurance policy. Risk - answerThe chance of loss; or an object or activity that is insured (about to be insured) Peril - answerAn event that may cause a loss to...

©THEBRIGHTSTARS 2024 RIBO EXAM (practice online) Questions With Correct Answers. Risk - answerChance of Loss- where the object of insurance maybe exposed Peril - answerCause of loss (wind, fire, water) Indemnification - answerWhen insurer provides exact amount of loss, no more no less - provi...

RIBO Practice Exam Questions With Revised Answers If loss exceeds dollar amount - answerdeductible disappears if snowmobile sinks through the ice, covered by - answerall perils QC compulsory insurance - answerprovided by provincial and federal governments bill 59 - answer$15,000 deductible for ...

RIBO – Habitational Exam Questions With Revised Answers Is the following statements found in the Homeowner/Tenant/Condo policy is correct: The insured may have the option of a "replacement cost" basis settlement on his building(s) as long as it is on the same location and is done within a re...