Ribo exam 1 - Study guides, Class notes & Summaries

RIBO Exam 1 Practice Questions

RIBO Exam 1

ONTARIO AUTO EXAM (RIBO) 2023 QUESTIONS AND 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. A. O.A.P. 1 Owner Form, suitably endorsed. Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Coverages,...

RIBO Insurance Exam Questions and Answers Graded A What makes pure risk insurable while speculative not? 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 A situation involving a chance of loss without a chance of gain. Example: property damage Speculative Risk A situation where the possibility of either financial loss or gain exists. This is not accepted by insurances. Exam...

RIBO Exam (1)

Risk - Chance of a loss Which type of risk is insured and why? - Pure risk, because speculative risk is comparable to gambling. 3 Ways risk (management) is dealt with? - 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 - C) Doing nothing / avoiding the risk Insurer - Insurance company Stock Insurance company...

RIBO RIBO RIBO ACT INFORMATION EXAM QUESTIONS WITH COMPLETE SOLUTIONS incapicitated member - Answer a member suffering froma physical or mental condition or disorder and can no longer carry on business as a registered insurance broker, this is typically determiend by the manager. insurance broker - Answer any person who for any comepnsation, commission or other thing of calue, with respect to persons or property in ontario, deals directly with the public. member - Answer an individu...

Portage Learning Chem 210 Module EXAM 6 Question 1 3 / 3 pts In DNA, adenine always pairs with . Correct! Thymine Guanine Uracil Cytosine Both A and B Question 2 3 / 3 pts DNA is built from which of the following? Nucleosides Genes Purines Correct! Nucleotide Codons Question 3 3 / 3 pts The double helix of DNA is stabilized mainly by . Ionic bonds Covalent bonds Ion-dipole bonds Correct! Hydrogen bonds Hydrogen covalent bonds Question 4 3 / 3 pts Which of the follow...

RIBO Insurance Exam (1

RIBO Practice Exam Questions With Revised Answers If loss exceeds dollar amount - answerdeductible disappears if snowmobile sinks through the ice, covered by - answerall perils QC compulsory insurance - answerprovided by provincial and federal governments bill 59 - answer$15,000 deductible for pain and suffering office equipment floater - answerused for office-only risks, but not for dentist or doctor's offices boiler and machinery clause - answerincludes free inspection service as part...