1|Page: 2024/2025 Grade A+
ONTARIO AUTO EXAM (RIBO) Questions and
Correct Answers & Latest Updated
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.
o :## A. O.A.P. 1 Owner Form, suitably endorsed.
Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Coverages, is usually
subject to a deductible. It does not apply to damage caused by:
A. Windstorm
B. Explosion
C. Vandalism
D. Fire
(P48. only fire + lightening /no deductible for fire + lightening)
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,2|Page: 2024/2025 Grade A+
o :## D. Fire
Uninsured Automobile coverage:
A. Must be added by endorsement to O.A.P. Owner's Form
B. Only cover's bodily injury, but never property damage.
C. Can cover accidental damage to the insured's automobile, provided the uninsured owner
or the driver of the actual automobile is identified.
D. Provides coverage for third parties if the insured causes bodily injury and has breached a
statutory condition.
P.30 52.3 (Uninsured needs to be identified in order to be categorized under uninsured
insurance hence needs to be identified first, to make sure he did not have
coverage/insurance in reality)
o :## C. Can cover accidental damage to the insured's automobile, provided the uninsured
owner or the driver of the actual automobile is identified.
A client phones to tell you he has brought a high-end stereo system costing $5,000, which
has been installed in his car. What should you tell him?
A. Be sure to always lock the car, as there is no coverage if the system costing $5,000 is
stolen when the car is unlocked.
B. There is no coverage on the system without an approved security system in the car.
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,3|Page: 2024/2025 Grade A+
C. No further action is needed. The new system is automatically covered under his O.A.P. 1
Owners's Form as a part of the car.
D. To provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's Form
endorsed to cover its full value.
o :## D. To provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's Form
endorsed to cover its full value.
One of the following statements is correct. Which one (1) is it? Electronic accessories or
equipment are covered under O.A.P. 1 Owner's Form:
A. For the full replacement cost.
B. Up to $2,500 if installed after the vehicle is purchased
C. For the actual cash value if factory installed.
D. For the actual cash value.
Page 52.
o :## C. For the actual cash value if factory installed.
Your insured parks his/her automobile at a shopping mall and on his/her return it has been
damaged by another vehicle. Your insured has O.A.P. 1 Owner's Form with Liability, Accident
Benefits, Comprehensive and OPCF44, Family Protection Endorsement coverages. What
section would cover the damage?
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, 4|Page: 2024/2025 Grade A+
A. Comprehensive
B. OPCF 44, Family Protection Endorsement
C. Liability
D. There would be no coverage
This type of loss would be covered under Collision or All perils, and the insured does not
have either of those coverages.
o :## D. There would be no coverage.
Insured under Section 7 of O.A.P. 1 Owner's Form, Loss or Damage Coverages, is usually
subject to a deductible. It does not apply to loss or damage caused by:
A. Water
B. Lightening
C. Vandalism
D. Windstorm
Page 48.: If you are insured for loss or damage caused by fire or lightening, there is no
deductible for these losses.
o :## B. Lightening
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
ONTARIO AUTO EXAM (RIBO) Questions and
Correct Answers & Latest Updated
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.
o :## A. O.A.P. 1 Owner Form, suitably endorsed.
Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Coverages, is usually
subject to a deductible. It does not apply to damage caused by:
A. Windstorm
B. Explosion
C. Vandalism
D. Fire
(P48. only fire + lightening /no deductible for fire + lightening)
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
,2|Page: 2024/2025 Grade A+
o :## D. Fire
Uninsured Automobile coverage:
A. Must be added by endorsement to O.A.P. Owner's Form
B. Only cover's bodily injury, but never property damage.
C. Can cover accidental damage to the insured's automobile, provided the uninsured owner
or the driver of the actual automobile is identified.
D. Provides coverage for third parties if the insured causes bodily injury and has breached a
statutory condition.
P.30 52.3 (Uninsured needs to be identified in order to be categorized under uninsured
insurance hence needs to be identified first, to make sure he did not have
coverage/insurance in reality)
o :## C. Can cover accidental damage to the insured's automobile, provided the uninsured
owner or the driver of the actual automobile is identified.
A client phones to tell you he has brought a high-end stereo system costing $5,000, which
has been installed in his car. What should you tell him?
A. Be sure to always lock the car, as there is no coverage if the system costing $5,000 is
stolen when the car is unlocked.
B. There is no coverage on the system without an approved security system in the car.
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
,3|Page: 2024/2025 Grade A+
C. No further action is needed. The new system is automatically covered under his O.A.P. 1
Owners's Form as a part of the car.
D. To provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's Form
endorsed to cover its full value.
o :## D. To provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's Form
endorsed to cover its full value.
One of the following statements is correct. Which one (1) is it? Electronic accessories or
equipment are covered under O.A.P. 1 Owner's Form:
A. For the full replacement cost.
B. Up to $2,500 if installed after the vehicle is purchased
C. For the actual cash value if factory installed.
D. For the actual cash value.
Page 52.
o :## C. For the actual cash value if factory installed.
Your insured parks his/her automobile at a shopping mall and on his/her return it has been
damaged by another vehicle. Your insured has O.A.P. 1 Owner's Form with Liability, Accident
Benefits, Comprehensive and OPCF44, Family Protection Endorsement coverages. What
section would cover the damage?
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
, 4|Page: 2024/2025 Grade A+
A. Comprehensive
B. OPCF 44, Family Protection Endorsement
C. Liability
D. There would be no coverage
This type of loss would be covered under Collision or All perils, and the insured does not
have either of those coverages.
o :## D. There would be no coverage.
Insured under Section 7 of O.A.P. 1 Owner's Form, Loss or Damage Coverages, is usually
subject to a deductible. It does not apply to loss or damage caused by:
A. Water
B. Lightening
C. Vandalism
D. Windstorm
Page 48.: If you are insured for loss or damage caused by fire or lightening, there is no
deductible for these losses.
o :## B. Lightening
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
