RIBO Practice Test 5a Auto
Which of the following provinces offer only government compulsory auto insurance?
a) Alberta, Quebec and Saskatchewan
b) Saskatchewan, Quebec and Manitoba
c) British Columbia, Manitoba and Saskatchewan
d) Ontario and Nova Scotia - ANS-C
Of the following, the person who most clearly has an insurable interest in an automobile
is?
a) The person who actually owns the automobile
b) The person whose name appears on the auto insurance policy
c) A person who has a lien on the auto
d) A person who can legally drive the insured auto - ANS-A
When there is an auto loss, the insured is required to:
a) Abandon the automobile to the possession of the insurer
b) Protect the automobile from further loss
c) Try to settle any claim with a third party amicably
d) Submit proof of loss within 60 days - ANS-B
The minimum limit of automobile liability allowance by law in the Province of Ontario is
$200,000. In the even of claims for both bodily injury and property damage which
exceeds the limit, the money will be apportioned:
a) $195,000 BI, $5000 PD
b) $190,000 BI, $10,000 PD
c) $180,000 BI, $20,200 PD
d) $150,000 BI, $50,000 PD - ANS-B
Lawsuits for Non-economic loss due to an automobile accident are subject to which of
the following?
a) $15,000 per person deductible
b) $10,000 per person deductible
, c) $25,000 per person deductible
d) $30,000 per person deductible - ANS-D
Under the OAP 1 the Statutory Condition, Termination does not state:
a) Who may cancel the policy
b) How much notice must be given
c) The actual amount of premium to be refunded
d) How the notice must be given - ANS-C
You have an automobile with liability coverage for $500,000 under one policy (A) and
another automobile with liability coverage for $1,000,000 under a separate policy (B).
How much will policy (B) pay if you are involved in an accident involving an automobile
you do not own?
a) 1/3
b) 2/3
c) 3/4
d) All - ANS-B
Which of the following would be considered "persons insured" under the uninsured
Automobile Coverage?
a) The spouse of the insured when hit by an uninsured vehicle while walking the dog
b) The owner of the uninsured automobile
c) Anyone who drives your vehicle
d) All of the above - ANS-A
Which of the statements in not true pertaining to terminating an Auto Policy?
a) The insurer is required to provide 15 days written notice by registered mail
b) The insurer can terminate coverage by providing 5 days written notice which is
personally delivered
c) The insured can terminate coverage anytime subject to returned premium on a
pro-rata basis
d) Same as answer c except on a short rate basis - ANS-C
Which of the following losses is covered under the specified perils section of the policy?
a) Damages caused by radioactive contamination
Which of the following provinces offer only government compulsory auto insurance?
a) Alberta, Quebec and Saskatchewan
b) Saskatchewan, Quebec and Manitoba
c) British Columbia, Manitoba and Saskatchewan
d) Ontario and Nova Scotia - ANS-C
Of the following, the person who most clearly has an insurable interest in an automobile
is?
a) The person who actually owns the automobile
b) The person whose name appears on the auto insurance policy
c) A person who has a lien on the auto
d) A person who can legally drive the insured auto - ANS-A
When there is an auto loss, the insured is required to:
a) Abandon the automobile to the possession of the insurer
b) Protect the automobile from further loss
c) Try to settle any claim with a third party amicably
d) Submit proof of loss within 60 days - ANS-B
The minimum limit of automobile liability allowance by law in the Province of Ontario is
$200,000. In the even of claims for both bodily injury and property damage which
exceeds the limit, the money will be apportioned:
a) $195,000 BI, $5000 PD
b) $190,000 BI, $10,000 PD
c) $180,000 BI, $20,200 PD
d) $150,000 BI, $50,000 PD - ANS-B
Lawsuits for Non-economic loss due to an automobile accident are subject to which of
the following?
a) $15,000 per person deductible
b) $10,000 per person deductible
, c) $25,000 per person deductible
d) $30,000 per person deductible - ANS-D
Under the OAP 1 the Statutory Condition, Termination does not state:
a) Who may cancel the policy
b) How much notice must be given
c) The actual amount of premium to be refunded
d) How the notice must be given - ANS-C
You have an automobile with liability coverage for $500,000 under one policy (A) and
another automobile with liability coverage for $1,000,000 under a separate policy (B).
How much will policy (B) pay if you are involved in an accident involving an automobile
you do not own?
a) 1/3
b) 2/3
c) 3/4
d) All - ANS-B
Which of the following would be considered "persons insured" under the uninsured
Automobile Coverage?
a) The spouse of the insured when hit by an uninsured vehicle while walking the dog
b) The owner of the uninsured automobile
c) Anyone who drives your vehicle
d) All of the above - ANS-A
Which of the statements in not true pertaining to terminating an Auto Policy?
a) The insurer is required to provide 15 days written notice by registered mail
b) The insurer can terminate coverage by providing 5 days written notice which is
personally delivered
c) The insured can terminate coverage anytime subject to returned premium on a
pro-rata basis
d) Same as answer c except on a short rate basis - ANS-C
Which of the following losses is covered under the specified perils section of the policy?
a) Damages caused by radioactive contamination
