OTL INSURANCE EXAM | 328
QUESTIONS | WITH ACTUAL
SOLUTIONS, SCORED A+
automobiles as part of a
, Policy conditions as part of the
Insurance licensing regulator
insuring agreement
Don't know?
2 of 179
Term
Which of the following is an example of when the insured is the
registered and the actual owner of the vehicle?
Give this one a try later!
Lee owns a vehicle, his name is
listed on the registration, and
Independent brokerage system
he is the only driver of the
vehicle.
A policy written on a customer basis
Direct bill
for a specific situation
Don't know?
,
, 3 of 179
Term
Which statement describes the coverage provided for watercraft by
coverage C-personal property?
Give this one a try later!
The insured would have a choice of two types of benefits, either Ontario, or the
jurisdiction where the loss occurred.
Covers the amount the insured is required by law to pay to third parties as
damage for bodily injury or damage to property
To restrict coverage on certain perils or types of property, and to provide full
coverage for property that would otherwise be subject to a special limit
It is subject to a special limit and limited to loss or damage caused by a
specified peril, theft, or attempted theft
Don't know?
4 of 179
Term
What do condominium unit purchasers own?
Give this one a try later!
QUESTIONS | WITH ACTUAL
SOLUTIONS, SCORED A+
automobiles as part of a
, Policy conditions as part of the
Insurance licensing regulator
insuring agreement
Don't know?
2 of 179
Term
Which of the following is an example of when the insured is the
registered and the actual owner of the vehicle?
Give this one a try later!
Lee owns a vehicle, his name is
listed on the registration, and
Independent brokerage system
he is the only driver of the
vehicle.
A policy written on a customer basis
Direct bill
for a specific situation
Don't know?
,
, 3 of 179
Term
Which statement describes the coverage provided for watercraft by
coverage C-personal property?
Give this one a try later!
The insured would have a choice of two types of benefits, either Ontario, or the
jurisdiction where the loss occurred.
Covers the amount the insured is required by law to pay to third parties as
damage for bodily injury or damage to property
To restrict coverage on certain perils or types of property, and to provide full
coverage for property that would otherwise be subject to a special limit
It is subject to a special limit and limited to loss or damage caused by a
specified peril, theft, or attempted theft
Don't know?
4 of 179
Term
What do condominium unit purchasers own?
Give this one a try later!
