Ribo general - Study guides, Class notes & Summaries

RIBO: ENTRY LEVEL 1 Questions With 100% Correct Answers Risk - Answer Chance of a loss Which type of risk is insured and why? - Answer Pure risk, because speculative risk is comparable to gambling. 3 Ways risk (management) is dealt with? - Answer REDUCE: preventative measures ASSUME/RETAIN: Self-insure TRANSFER: purchase insurance Which of the following is not a risk? A) Assume or retain risk B) Reduce the risk C) Doing nothing / avoiding the risk D) Transfer the risk - A...

RIBO Insurance Exam With 100% Correct Answers 2024 What makes pure risk insurable while speculative not? - Answer Pure risk insurance is a situation involving a chance of a loss without a chance of gain. Insurance will accept situations where there is no potential for gain. Pure Risk - Answer A situation involving a chance of loss without a chance of gain. Example: property damage Speculative Risk - Answer A situation where the possibility of either financial loss or gain exists. Th...

Which of the following provinces offer only government compulsory auto insurance? - British Columbia, Manitoba and Saskatchewan The definition of ordinary negligence? - Is the failure to do what a reasonable person would do in a given situation. A broker/agent is responsible for what? - Writing only those classes of business acceptable to his/her insurer. An insurance contract contains all of the elements of any other legal contract. One element that must also be contained in a valid c...

Those exempt from RIB Act. - ️️lawyers, agents, accountants, adjusters, travel insurance agents, admin staff, trustee, reinsurance broker. Who can be a broker? - ️️- age of majority - of good character - no criminal charges - no refused, suspended or revoked licenses - meet educational and experience requirements of Qualification and Registration Committee. - complies with Act - only business is Insurance Broker Insurance Broker defined: - ️️Any person who for any commiss...

Which of the following provinces offer only government compulsory auto insurance? - ️️British Columbia, Manitoba and Saskatchewan The definition of ordinary negligence? - ️️Is the failure to do what a reasonable person would do in a given situation. A broker/agent is responsible for what? - ️️Writing only those classes of business acceptable to his/her insurer. An insurance contract contains all of the elements of any other legal contract. One element that must also be conta...

Examination Questions and Answers in Basic Anatomy and Physiology 2400 Multiple Choice Questions 2nd Edition Martin Caon Examination Questions and Answers inology 2400 Multiple Choice Questions Second Examination Questions and Answers in Basic Anatomy and Physiology 2400 Multiple Choice Questions 2nd Edition Martin Caon TABLE OF Chapter 1 Organisation of the Body 1. Which of the listed terms is described by: “All the chemical processes that take place in the organelles and cytoplasm the cells ...

Examination Questions and Answers in Basic Anatomy and Physiology 2400 Multiple Choice Questions 2nd Edition Martin Caon Examination Questions and Answers inology 2400 Multiple Choice Questions Second Examination Questions and Answers in Basic Anatomy and Physiology 2400 Multiple Choice Questions 2nd Edition Martin Caon TABLE OF Chapter 1 Organisation of the Body 1. Which of the listed terms is described by: “All the chemical processes that take place in the organelles and cytoplasm the cells ...

RIBO - General

Examination Questions and Answers in Basic Anatomy and Physiology 2400 Multiple Choice Questions 2nd Edition Martin Caon Examination Questions and Answers inology 2400 Multiple Choice Questions Second Examination Questions and Answers in Basic Anatomy and Physiology 2400 Multiple Choice Questions 2nd Edition Martin Caon TABLE OF Chapter 1 Organisation of the Body 1. Which of the listed terms is described by: “All the chemical processes that take place in the organelles and cytoplasm the cells ...

Examination Questions and Answers in Basic Anatomy and Physiology 2400 Multiple Choice Questions 2nd Edition Martin Caon Examination Questions and Answers inology 2400 Multiple Choice Questions Second Examination Questions and Answers in Basic Anatomy and Physiology 2400 Multiple Choice Questions 2nd Edition Martin Caon TABLE OF Chapter 1 Organisation of the Body 1. Which of the listed terms is described by: “All the chemical processes that take place in the organelles and cytoplasm the cells ...