FUNDAMENTALS OF INSURANCE (BC)
EXAM | NEWEST ACTUAL EXAM
COMPREHENSIVE QUESTIONS AND
VERIFIED ASNWERS GRADED A+ | 100%
PASS | 2025 UPDATE!
The Roadstar Package, which ICBC offers to eligible insureds, includes
all of the following coverages, except one. Select the one, which is not
covered.
A. Loss of Use coverage up to $800 - for motor homes $1000, subject to
a daily limit.
B. Rental Vehicle Coverage - for rentals not exceeding 30 consecutive
days.
C. Vehicle Travel Protection - covers additional expenses when the
vehicle is damaged in an accident or is stolen while on a trip away from
home.
D. Cost to replace or recode locks, keys or remote keyless entry
transmitters, if they have been lost or stolen. - ✔✔✔ Correct Answer
> D. Cost to replace or recode locks, keys or remote keyless entry
transmitters, if they have been lost or stolen.
,Yesterday, the insured parked her automobile in an outdoor lot at a
local mall. It was struck by a hit-and-run driver. Damage caused to the
rear fender was $1150. The insured does not have Own Damage
Coverage. However, the Uninsured or Unidentified Motorist Protection
Coverage provided by Basic Autoplan would provide for the following
payment:
A. $100
B. $250
C. $400
D. $750 - ✔✔✔ Correct Answer > C. $400
Insurance plays an important role in managing financial risk. The main
purpose4 of insurance is to
a. Enable the consumer to obtain a loan or mortgage
b. Provide employment and investment capital
c. Allow the spread of risk
d. Reduce losses through loss prevention and loss reduction - ✔✔✔
Correct Answer > c. Allow the spread of risk
Insureds generally will receive a rate credit when property protection
systems are installed on the premises. As a condition of coverage, the
insured must notify the insurer immediately when certain conditions
,exist. Which is the following statements is not true in respect of this
policy condition:
A. The insureds shall notify the insurer of any interruptions to such
system(s) of which they are aware.
B. The insureds shall advise the insurer of the existence of any
municipal by-law or ordinance related to such system(s)
C. The insureds shall advise the insurer when any contract providing
monitoring or maintenance services has been cancelled.
D. The insureds shall advise the insurer when they have been provided
with notification of the suspension of police services in response to any
such system(s) - ✔✔✔ Correct Answer > B. The insureds shall advise
the insurer of the existence of any municipal by-law or ordinance
related to such system(s)
Damage caused to the insured automobile as a result of impact with a
domestic or wild animal, either living or dead, would be covered only if
the insured purchased this Own Damage Coverage:
A. Specified Peril
B. Collision
C. Comprehensive
D. Collision and Comprehensive - ✔✔✔ Correct Answer > C.
Comprehensive
, All of the following automobile coverages are included in Basic
Autoplan, except one. Pick the Exception.
A. Accident Benifits
B. Underinsured Motorist Protection
C. Own Damage
D. Uninsured or Unidentified Motorist Protection. - ✔✔✔ Correct
Answer > C. Own Damage
All of the following statements respecting Autoplan are true except
one. Pick the Exception.
A. People moving within British Columbia to take up permanent
residence must purchase Autoplan Coverages within 30 days of their
arrival.
B. Unlicensed vehicles such as snowmobiles, dirt bikes, and all terrain
vehicles are not permitted to be used on public roads and as such do
not require Autoplan Coverages.
C. All vehicles brought into British Columbia from outside the province
need a mechanical inspection before they can be registered or insured.
D. All vehicles brought into British Columbia must pass an annual Air
Care inspection before being permitted to renew their license and
insurance. - ✔✔✔ Correct Answer > D. All vehicles brought into
British Columbia must pass an annual Air Care inspection before being
permitted to renew their license and insurance.
EXAM | NEWEST ACTUAL EXAM
COMPREHENSIVE QUESTIONS AND
VERIFIED ASNWERS GRADED A+ | 100%
PASS | 2025 UPDATE!
The Roadstar Package, which ICBC offers to eligible insureds, includes
all of the following coverages, except one. Select the one, which is not
covered.
A. Loss of Use coverage up to $800 - for motor homes $1000, subject to
a daily limit.
B. Rental Vehicle Coverage - for rentals not exceeding 30 consecutive
days.
C. Vehicle Travel Protection - covers additional expenses when the
vehicle is damaged in an accident or is stolen while on a trip away from
home.
D. Cost to replace or recode locks, keys or remote keyless entry
transmitters, if they have been lost or stolen. - ✔✔✔ Correct Answer
> D. Cost to replace or recode locks, keys or remote keyless entry
transmitters, if they have been lost or stolen.
,Yesterday, the insured parked her automobile in an outdoor lot at a
local mall. It was struck by a hit-and-run driver. Damage caused to the
rear fender was $1150. The insured does not have Own Damage
Coverage. However, the Uninsured or Unidentified Motorist Protection
Coverage provided by Basic Autoplan would provide for the following
payment:
A. $100
B. $250
C. $400
D. $750 - ✔✔✔ Correct Answer > C. $400
Insurance plays an important role in managing financial risk. The main
purpose4 of insurance is to
a. Enable the consumer to obtain a loan or mortgage
b. Provide employment and investment capital
c. Allow the spread of risk
d. Reduce losses through loss prevention and loss reduction - ✔✔✔
Correct Answer > c. Allow the spread of risk
Insureds generally will receive a rate credit when property protection
systems are installed on the premises. As a condition of coverage, the
insured must notify the insurer immediately when certain conditions
,exist. Which is the following statements is not true in respect of this
policy condition:
A. The insureds shall notify the insurer of any interruptions to such
system(s) of which they are aware.
B. The insureds shall advise the insurer of the existence of any
municipal by-law or ordinance related to such system(s)
C. The insureds shall advise the insurer when any contract providing
monitoring or maintenance services has been cancelled.
D. The insureds shall advise the insurer when they have been provided
with notification of the suspension of police services in response to any
such system(s) - ✔✔✔ Correct Answer > B. The insureds shall advise
the insurer of the existence of any municipal by-law or ordinance
related to such system(s)
Damage caused to the insured automobile as a result of impact with a
domestic or wild animal, either living or dead, would be covered only if
the insured purchased this Own Damage Coverage:
A. Specified Peril
B. Collision
C. Comprehensive
D. Collision and Comprehensive - ✔✔✔ Correct Answer > C.
Comprehensive
, All of the following automobile coverages are included in Basic
Autoplan, except one. Pick the Exception.
A. Accident Benifits
B. Underinsured Motorist Protection
C. Own Damage
D. Uninsured or Unidentified Motorist Protection. - ✔✔✔ Correct
Answer > C. Own Damage
All of the following statements respecting Autoplan are true except
one. Pick the Exception.
A. People moving within British Columbia to take up permanent
residence must purchase Autoplan Coverages within 30 days of their
arrival.
B. Unlicensed vehicles such as snowmobiles, dirt bikes, and all terrain
vehicles are not permitted to be used on public roads and as such do
not require Autoplan Coverages.
C. All vehicles brought into British Columbia from outside the province
need a mechanical inspection before they can be registered or insured.
D. All vehicles brought into British Columbia must pass an annual Air
Care inspection before being permitted to renew their license and
insurance. - ✔✔✔ Correct Answer > D. All vehicles brought into
British Columbia must pass an annual Air Care inspection before being
permitted to renew their license and insurance.
