OTL Practice Exam #B – Study Guide and Exam Preparation Material
d. All of the above - ANS ✔✔Coverage's available under auto policies across Canada include
a. Uninsured Motorist Coverage, Accident Benefits and Loss of or Damage to Insured Auto
b. Accident Benefits and collision
c. Third Party Liability, Accident Benefits and Loss of or Damage to Insured Auto
d. All of the above
d. No coverage applies to temporary substitute vehicles - ANS ✔✔Which statement is FALSE?
a. A newly acquired auto is automatically insured for a specified period of time if it replaces
another insured vehicle of similar type
b. It is possible to insure more than one vehicle on the same policy
c. An auto with a trailer attached is considered as one vehicle for the purposes of Accident
Benefits limits
d. No coverage applies to temporary substitute vehicles
a. Vandalism of a vehicle - ANS ✔✔The following damage is included under all perils coverage:
a. Vandalism of a vehicle
b. Rusting of the vehicle body
c. Radioactive contamination
d. Damage caused to the vehicle while the driver was under the influence of drugs
a. Vehicle damage - ANS ✔✔Accident benefits do not pay any expenses, arising out of an auto
accident for:
,a. Vehicle damage
b. Loss of wages
c. Dental work
d. Funerals
b. Collision with a tree - ANS ✔✔Which of the following is not covered under the specified
perils section
a. Pitmarks in windshield from hail
b. Collision with a tree
c. Ferryboat sank, taking auto with it
d. Damage to car roof as a result of overturn during a riot
a. Are made up of definitions, rules and regulations which govern Auto Policies - ANS
✔✔Statutory Conditions
a. Are made up of definitions, rules and regulations which govern Auto Policies
b. Are known as Special Conditions in Alberta
c. Contain the exact words as specified in the Charter of Rights
d. Do not apply to Extension Policies
b. Termination by the insurer can be achieved by giving notice by 15 days registered mail - ANS
✔✔An auto policy:
a. Cannot be terminated in Quebec once it has been in effect
b. Termination by the insurer can be achieved by giving notice by 15 days registered mail
,c. Termination by the insured requires 15 days notice
d. Termination by the insured is subject to a return premium on a pro-rate basis
b. Comply with all requirements found in the policy - ANS ✔✔After being involved in an
accident where injuries occurred, an insured must:
a. Contact a lawyer immediately
b. Comply with all requirements found in the policy
c. Try to settle amicably with the injured parties
d. Not do anything until he knows if there will be a claim
c. Theft of the entire vehicle. - ANS ✔✔A deductible usually applies to
a. Fire damage
b. Lightning damage
c. Theft of the entire vehicle.
d. Answers A & B
d. Accident benefits - ANS ✔✔Automobile insurance in Canada contains certain no-fault
elements. Which coverage presently available in all provinces and territories has some no-fault
features?
a. Physical damage
b. Uninsured motorist
c. Third party liability
d. Accident benefits
, b. Primary coverage - ANS ✔✔The Owner's policy of insurance coverage on a specific
automobile is
a. Excess coverage
b. Primary coverage
c. Secondary coverage
d. Optional coverage
a. Protect the vehicle from further damage - ANS ✔✔When an insured's vehicle is damaged in
an accident, the insured must do certain things. One of these is:
a. Protect the vehicle from further damage
b. Decide if he wants the vehicle repaired or replaced
c. Get repairs under way as quickly as possible
d. All of the above
d. Will come into force only when the insured is not at fault - ANS ✔✔Which of these
statements is TRUE? Uninsured Motorist Coverage:
a. Is not offered by all insurers
b. Is provided by the government in all jurisdictions
c. Is identical in all provinces
d. Will come into force only when the insured is not at fault
d. Who has misplaced his driver's license - ANS ✔✔Under the Third Party Liability coverage, an
insurer would NOT be liable under the Absolute Liability Law for bodily injury to a third party if
he allows someone to drive:
d. All of the above - ANS ✔✔Coverage's available under auto policies across Canada include
a. Uninsured Motorist Coverage, Accident Benefits and Loss of or Damage to Insured Auto
b. Accident Benefits and collision
c. Third Party Liability, Accident Benefits and Loss of or Damage to Insured Auto
d. All of the above
d. No coverage applies to temporary substitute vehicles - ANS ✔✔Which statement is FALSE?
a. A newly acquired auto is automatically insured for a specified period of time if it replaces
another insured vehicle of similar type
b. It is possible to insure more than one vehicle on the same policy
c. An auto with a trailer attached is considered as one vehicle for the purposes of Accident
Benefits limits
d. No coverage applies to temporary substitute vehicles
a. Vandalism of a vehicle - ANS ✔✔The following damage is included under all perils coverage:
a. Vandalism of a vehicle
b. Rusting of the vehicle body
c. Radioactive contamination
d. Damage caused to the vehicle while the driver was under the influence of drugs
a. Vehicle damage - ANS ✔✔Accident benefits do not pay any expenses, arising out of an auto
accident for:
,a. Vehicle damage
b. Loss of wages
c. Dental work
d. Funerals
b. Collision with a tree - ANS ✔✔Which of the following is not covered under the specified
perils section
a. Pitmarks in windshield from hail
b. Collision with a tree
c. Ferryboat sank, taking auto with it
d. Damage to car roof as a result of overturn during a riot
a. Are made up of definitions, rules and regulations which govern Auto Policies - ANS
✔✔Statutory Conditions
a. Are made up of definitions, rules and regulations which govern Auto Policies
b. Are known as Special Conditions in Alberta
c. Contain the exact words as specified in the Charter of Rights
d. Do not apply to Extension Policies
b. Termination by the insurer can be achieved by giving notice by 15 days registered mail - ANS
✔✔An auto policy:
a. Cannot be terminated in Quebec once it has been in effect
b. Termination by the insurer can be achieved by giving notice by 15 days registered mail
,c. Termination by the insured requires 15 days notice
d. Termination by the insured is subject to a return premium on a pro-rate basis
b. Comply with all requirements found in the policy - ANS ✔✔After being involved in an
accident where injuries occurred, an insured must:
a. Contact a lawyer immediately
b. Comply with all requirements found in the policy
c. Try to settle amicably with the injured parties
d. Not do anything until he knows if there will be a claim
c. Theft of the entire vehicle. - ANS ✔✔A deductible usually applies to
a. Fire damage
b. Lightning damage
c. Theft of the entire vehicle.
d. Answers A & B
d. Accident benefits - ANS ✔✔Automobile insurance in Canada contains certain no-fault
elements. Which coverage presently available in all provinces and territories has some no-fault
features?
a. Physical damage
b. Uninsured motorist
c. Third party liability
d. Accident benefits
, b. Primary coverage - ANS ✔✔The Owner's policy of insurance coverage on a specific
automobile is
a. Excess coverage
b. Primary coverage
c. Secondary coverage
d. Optional coverage
a. Protect the vehicle from further damage - ANS ✔✔When an insured's vehicle is damaged in
an accident, the insured must do certain things. One of these is:
a. Protect the vehicle from further damage
b. Decide if he wants the vehicle repaired or replaced
c. Get repairs under way as quickly as possible
d. All of the above
d. Will come into force only when the insured is not at fault - ANS ✔✔Which of these
statements is TRUE? Uninsured Motorist Coverage:
a. Is not offered by all insurers
b. Is provided by the government in all jurisdictions
c. Is identical in all provinces
d. Will come into force only when the insured is not at fault
d. Who has misplaced his driver's license - ANS ✔✔Under the Third Party Liability coverage, an
insurer would NOT be liable under the Absolute Liability Law for bodily injury to a third party if
he allows someone to drive:
