Icbc bc - Study guides, Class notes & Summaries

ICBC Learner's Test question with correct answers graded A+ 2023How many children are injured in BC every year, due to motor vehicle accidents? - correct answer 1,300 children :c When should you leave more than the recommended two seconds of following distance between you and the car ahead of you? - correct answer 1. when in inclement weather conditions 2. when traveling at higher speeds 3. when you are behind a larger vehicle that blocks your view Yellow signs usually indicate - corr...

Fundamentals of Insurance BC questions and answers graded A+ What is the major function of insurance? - ANSWERS to allow the spread of risk What are the five important functions of insurance? - ANSWERS 1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the indemnit...

Fundamentals of Insurance BC Questions with 100% Correct Answers | Latest Version 2024 | Verified What is the major function of insurance? - to allow the spread of risk What are the five important functions of insurance? - 1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exp...

Fundamentals of Insurance BC Questions and Answers 100% Solved What is the major function of insurance? to allow the spread of risk What are the five important functions of insurance? 1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the indemnity can be in the form of mone...

Fundamentals Of Insurance (BC) Exam Questions With 100% Correct Answers 2024 What is the major function of insurance? - answerto allow the spread of risk What are the five important functions of insurance? - answer1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the...

Fundamentals Of Insurance (BC) Exam Questions with 100% Correct Answers) What is the major function of insurance? - answerto allow the spread of risk What are the five important functions of insurance? - answer1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the ind...

How long must a Carrier keep log books for? - ANSWER 6 months At what weight is a vehicle considered "commercial" and requires NSC #? - ANSWER 5,000kg or more What is the purpose of NSC? - ANSWER 1. To protect drivers, public, and cargo 2. To improve road safey What is carriers' responsibility? - ANSWER 1. Educate himself 2. Proper maintenance of vehicles 3. Drivers are competent and qualified 4. Establishes policy for log books, vehicle files and driver files What is the purp...

Regulation of the Insurance Industry Questions with correct Answers Two Reasons (describe in detail) why we need to regulate the insurance industry 1. Because of power imbalance (we need to protect consumers - insurance companies have all of the money - insurance companys target average people who do not have a sense of contracts or buisness transactions - the agenst work based on commission - potential exploitation of vulnerable parties - people go to insurance companies when they have ...

Fundamentals of Insurance BC questions and answers graded A+ What is the major function of insurance? - ANSWERS to allow the spread of risk What are the five important functions of insurance? - ANSWERS 1) insurance is the shifting of financial responsibility for a loss 2) payment will be made only in the event of an insured risk 3) the amount of payment is restricted to the amount required to indemnify the insured 4) insurance covers losses the object may be exposed to 5) the indemnit...