RIBO – AUTO Exam Questions With
Correct Answers.
Under the defense costs, the insured is covered for Legal fees over and above their limit of
liability arising out of loss or damage to a person or property as a result of an auto accident. T or
F - answerTrue (OAP1 PG19-20 3.3.1 and 3.3.2)
Wh...
Under the defense costs, the insured is covered for Legal fees over and above their limit of
liability arising out of loss or damage to a person or property as a result of an auto accident. T or
F - answer✔✔True (OAP1 PG19-20 3.3.1 and 3.3.2)
Who is defined as the insured person on your OAP1 under Accident Benefits? - answer✔✔Your
sister in law while driving the car you lent her, if she doesn't have her own policy. (OAP1 PG 25
4.1)
If a person is unable to work due to an injury suffered in an auto accident, their OAP 1 could
potentially pay: - answer✔✔Up to 70% of gross income up to $400 weekly.
What is the definition of territory that is specified in OAP 1? - answer✔✔Canada and the USA
or on a vessel travelling between ports of these countries.
The recreational vehicle endorsement (OPCF32) provides coverage for which vehicles? -
answer✔✔Snowmobile, trail bike, mini cycle, and dune buggy
The daughter of your client calls to report an accident she has had with her father's car. The
vehicle is not drivable and she is in the hospital with injuries. On completing the claim report
you find out that her father died a month earlier and no one advise the broker or insurer. You
advise her the insurer will: - answer✔✔Pay the claim in full. Death and Bankruptcy (OAP1 PG
53 Stat Conditions Material Change in Risk)
The Facility Association is: - answer✔✔An insurance pool subscribed to by all auto insurance
companies, in order to share the writing of risks that are not ordinarily written in the normal
insurance market.
The threshold in Ontario refers to: - answer✔✔Death or permanent serious disfigurement or
permanent serious impairment of an important physical, mental or psychological function.
The insured has an OAP 1 with a $300 deductible on Comprehensive coverage. A cigarette sets
the car seat on fire causing $500 in damage. How much will the insurer pay? - answer✔✔500
bones (OAP1 PG 48 7.3 and PG 44 7.1.2 , we insure stupidity)
Property damage, under section 3 of the auto policy means: - answer✔✔Damage to property of
others but not the insured's own property. (You drive your car into someone's house the house id
the PD not your car) Always property of other's never the insured's own property
A rented auto is considered an "other" non-owned vehicle for the purposes of coverage by an
insured's auto policy. Is this true with respect to an auto rented by an insured while on vacation
in the USA? - answer✔✔True
Third parties are not a party to a policy, true or false? - answer✔✔True
The Highway Victims Indemnity Funds: - answer✔✔Will not pay if the claimant is responsible
for causing the accident.:(For unidentified/uninsured accidents where victim d/n have own/a
policy to claim to)
Liability must be established with respect to who is at fault in an accident in regards to Direct
Compensation Property Damage (DCPD) True or False - answer✔✔True
You may be found guilty of misrepresentation when you sign an Ontario Application for
Automobile Insurance if you fail to disclose that: - answer✔✔You may be found guilty of
misrepresentation when you sign an Ontario Application for Automobile Insurance if you fail to
disclose that:
Which of the following statements about the Facility Association (FA) is false? -
answer✔✔Underwriting and claims functions for facility business are provided by all insurance
companies operating in Ontario. F: (Only Servicing Carriers)
What is not a function of the Ontario Insurance Commission? - answer✔✔Approving auto
insurance rates. (Financial Service Commission of Ont)
A client carries comprehensive coverage on their auto. Accidentally the car catches fire and is
completely destroyed. Which of the following statements is true? - answer✔✔The client will not
have to pay their deductible and the insurer will pay the rest.
An insured has a basic liability policy with no other coverage. In the event of theft to the entire
auto, what coverage would the client have? - answer✔✔No coverage
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