OTL Exam Questions well answered
graded A+ 2025 updated to pass
Which type of fire is arson? - correct answer ✔✔Hostile Fire
How much does a vehicle use/access ridesharing application? - correct answer
✔✔
What is the purpose of the compulsory automobile act? - correct answer ✔✔
When its covered by a personal articles endorsement have more sentimental
value than financial value on what basis are they covered? - correct answer ✔✔
What does it mean to underwrite? - correct answer ✔✔
Before an insured has claim, what can insurance be considered? - correct answer
✔✔
What is tort? - correct answer ✔✔
Which province uses a combination system to distribute insurance? - correct
answer ✔✔
, Which statement describes the coverage provided for a watercraft by coverage C -
Personal Property? - correct answer ✔✔
How is an accident defined? - correct answer ✔✔
Damages of $600,000 have been made against Anita resulting from an automobile
accident for which she was at fault. Anita has $500,000 in liability coverage. How
will the additional $100,000 in damages be covered? - correct answer ✔✔
Who grants an agent/broker the authority to bind specifc coverage? - correct
answer ✔✔
Who specifies the type of investment permitted by insurers? - correct answer ✔✔
What is the premium for an excess automobile policy generallt based on? - correct
answer ✔✔
What is another way to describe a contract? - correct answer ✔✔
What type of insurance would cover losses arising from libel and slander? - correct
answer ✔✔
What is an example of specualtive risk? - correct answer ✔✔
graded A+ 2025 updated to pass
Which type of fire is arson? - correct answer ✔✔Hostile Fire
How much does a vehicle use/access ridesharing application? - correct answer
✔✔
What is the purpose of the compulsory automobile act? - correct answer ✔✔
When its covered by a personal articles endorsement have more sentimental
value than financial value on what basis are they covered? - correct answer ✔✔
What does it mean to underwrite? - correct answer ✔✔
Before an insured has claim, what can insurance be considered? - correct answer
✔✔
What is tort? - correct answer ✔✔
Which province uses a combination system to distribute insurance? - correct
answer ✔✔
, Which statement describes the coverage provided for a watercraft by coverage C -
Personal Property? - correct answer ✔✔
How is an accident defined? - correct answer ✔✔
Damages of $600,000 have been made against Anita resulting from an automobile
accident for which she was at fault. Anita has $500,000 in liability coverage. How
will the additional $100,000 in damages be covered? - correct answer ✔✔
Who grants an agent/broker the authority to bind specifc coverage? - correct
answer ✔✔
Who specifies the type of investment permitted by insurers? - correct answer ✔✔
What is the premium for an excess automobile policy generallt based on? - correct
answer ✔✔
What is another way to describe a contract? - correct answer ✔✔
What type of insurance would cover losses arising from libel and slander? - correct
answer ✔✔
What is an example of specualtive risk? - correct answer ✔✔
