ONTARIO AUTO EXAM (RIBO) UPDATED Exam Questions and CORRECT Answers
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Course
ONTARIO
Institution
ONTARIO
ONTARIO AUTO EXAM (RIBO)
UPDATED Exam Questions and
CORRECT 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...
ONTARIO AUTO EXAM (RIBO)
UPDATED Exam Questions and
CORRECT 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
D. Would not pay the claim, as the automobile was not being operated on a public highway.
P44. Loss would be covered under Comprehensive Coverage. - Correct Answer- C. Would
pay the claim, less deductible
The Facility Association is :
A. A group of insurance carriers that write the insurance risks on automobiles owned by their
agents/brokers and their staff.
, B. A reinsurance device for accommodating automobile policyholders who wish to have
particularly high limits of insurance.
C. An insurance pool subscribed to by all automobile insurance carriers that share the writing
of risks not ordinarily written in the regular market or normal market.
D. The provincial government insurance office charged with the responsibility of accepting
applications from all automobile owners who cannot get insurance anywhere. - Correct
Answer- C. An insurance pool subscribed to by all automobile insurance carriers that share
the writing of risks not ordinarily written in the regular market or normal market.
The insured's automobile is broken into and some articles are taken. Specified perils will
cover:
A. Musical instruments that were in the trunk.
B. The bumper jack belonging to the automobile.
C. The insured's raincoat
D. Property of the insured's passengers.
A,C,D would be covered under "All Perils" , not specified perils. See P 44. - Correct Answer-
B. The bumper jack belonging to the automobile.
If the insured drove his automobile in to his garage door, what would be included under the
Own Damage coverage on his automobile policy?
A. Both the auto and the door.
B. Neither the auto nor the door.
C. The auto.
D. The door. - Correct Answer- C. The auto.
The insured leaves a tavern, gets in his auto in an intoxicated state, and causes and accident
on the way home. Which of the following would be not covered?
A. Collision damage to his automobile.
B. Damage to a telephone pole.
C. Damage to another automobile.
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