Ribo insurance - Study guides, Class notes & Summaries

RIBO Insurance Exam (1)

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...

RIBO General Insurance Exam- Solved

RIBO TEST #3 HOME INSURANCE Questions with Correct Answers

RIBO Insurance Course Practice Week 4 2024 Latest Updated 100% Rated Highgrade Pass!!!NEW GENERATION Question and AnswerRIBO Insurance Course Practice Week 4 2024 Latest Updated 100% Rated Highgrade Pass!!!NEW GENERATION Question and AnswerRIBO Insurance Course Practice Week 4 2024 Latest Updated 100% Rated Highgrade Pass!!!NEW GENERATION Question and AnswerRIBO Insurance Course Practice Week 4 2024 Latest Updated 100% Rated Highgrade Pass!!!NEW GENERATION Question and AnswerRIBO Insurance Cours...

Insurance - Protection against unforeseen events that cause covered loss Risk - Potential for loss or damage Insurer - Company that provides insurance coverage Insured - Person or entity with insurance protection under a policy Insurance Contract - Legal agreement between insured and insurer for payment in case of loss Representation - Statement made by applicant on insurance application

RIBO Insurance Exam

Ontario Auto Exam (RIBO) Questions and Answers Latest Update 2025 1: What does RIBO stand for? - correct answer - Registered Insurance Brokers of Ontario. 2: What is the primary purpose of auto insurance in Ontario? - correct answer - To provide financial protection against physical damage and bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. 3: What is the minimum required auto insurance coverage in Ontario? - corr...

RIBO Insurance Course Practice Questions Week 4.

What is General Insurance also known as? - AnswerProperty and Casualty (P&C) Insurance RIBO is not a - AnswerTrade Association Define Insurance - AnswerThe undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event When was The Great Fire of London? - Answer1666 What is property? - A...