Ribo Test #2 Attempt Exam Questions With Correct Answers.
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Course
RIBO
Institution
RIBO
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 Test #2 Attempt Exam Questions With
Correct Answers.
The original perils insured by the Basic Fire Policy include - answer✔✔fire,
lighting
and limited explosion
The Basic Fire Policy covers which of the following perils? - answer✔✔fire, direct damage by
lightning and limited explosion
After the theft of a vehicle, when does the Loss of Use section begin reimbursement? -
answer✔✔72 hours after the theft has been reported to the insurer or to the police
The insured asks her broker to delete all coverage from her only automobile since she is going
south for three months during the winter. The broker should - answer✔✔suspend coverage-
opcf16 - suspension of coverage endorsement
Your insured has a Tenants Comprehensive Policy through your brokerage. He has signed a
waiver that releases the landlord from liability for injury or damage occurring on the premises
being rented. A fire in the building damages your insured's contents. It is established that the
landlord was responsible for the fire. Which of the following statements is CORRECT regarding
coverage under the policy? - answer✔✔The insurer will pay the loss but would be unable to
subrogate
in the comprehensive condo policy, loss assessment coverage .... - answer✔✔provides protection
for the unit owner when the condominium corporation has underinsured the building.
What is pure premium? - answer✔✔The premium required to meet the losses that occur
According to the Statutory Conditions, after a loss, an insured - answer✔✔d. must provide the
insurer with a proof of loss as soon as possible. Correct
Which of the following is NOT covered under Additional Agreements of Insurer (Third Party
Liability)? - answer✔✔Defence costs for any criminal prosecution arising out of the accident
Which of the following affects the amount of settlement of an insured loss? -
answer✔✔COINSURANCE BITCH
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