CAIB 1 Chapter 6 Questions and Answers 100% Pass

CAIB 1 Chapter 6 Questions and Answers 100% Pass What is the minimum limit of Third Party Liability available in your province? - Answer- $200,000 How does an insured show proof of financial responsibility in your province - Answer- The "pink copy" of the certificate of registration Identify the Automobile coverages that are available in your province and indicate which are compulsory. - Answer- Auto Policy Limits - $200,000 Bodily Injury - $180,000 Property Damage - $20,000 All compulsory in Manitoba (6-4) Identify a province where Automobile is provided by Government insurance and Private insurance - Answer- Government Insurance - BC, MB, SK Private Insurance - AB, ON, Atlantic Provinces Explain the purpose of the "Unsatisfied Judgement Fund" or similar, (Section D for students in Atlantic Canada) - Answer- When losses are caused by uninsured drivers, the innocent victim may have coverage Explain the role of Facility Association in those provinces that do not have government insurance plans. - Answer- To ensure the availability of coverage for applicants who are refused insurance by private insurers. Briefly outline the operation of any "no fault" insurance plan of the province of your choice. - Answer- Their primary purpose is to provide benefits to persons injured in automobile accidents, regardless of who is at fault. Explain why the SAF No. 1 requires the applicant's full name and postal address including the country or district. - Answer- Reduces the potential for error that might occur if only the name is known. Could be multiple people same name Identify 5 particulars of the "Described Automobile" required to be included in the application - Answer- 1. Model Year