OTL AUTO CHAPTER 3 EXAM QUESTIONS AND ANSWERS GRADED A+
Which types of individuals are excluded from the OAP 1 while driving a customer's car as part of their
business? - Answers Anyone who sells, repairs, maintains, stores, or parks automobiles as part of a
business.
Who carries more risk, taxis or ridesharing services? - Answers Taxis as they are likely to be engaging in
this as their fulltime livelihood
What is carsharing? - Answers An arrangement set up through a mobile app that links car renters with
car owners.
What is another name for carsharing services? - Answers Peer-to-Peer car Rental
Which coverages are included under the carsharing commercial insurance policy? - Answers Third-Party
Liability, Accident Benefits, Uninsured Automobile, and Physical Damage
What geographical limit is specified in the OAP 1 for automobiles being operated, used, stored, or
parked in? - Answers Within Canada, the USA, and on a vessel travelling between these ports
How is described automobile defined in the OAP 1? - Answers Any automobile, or trailer registered in
the name of the policy holder and specifically described on the certificate of automobile insurance.
hat coverages are provided by the automobile policy for a temporary substitute vehicle, when the
insured's own automobile is temporarily out of service? - Answers Third-Party Liability and Accident
Benefits
Which statement best describes a ridesharing endorsement? - Answers Added to the standard owner's
policy; vehicle owner must meet the eligibility requirement and be insured with the insurer who offer
this coverage
Which scenario could potentially be covered as a newly acquired vehicle? - Answers Purchase of an
additional vehicle or replacement vehicle
To avoid a gap in coverage, how long does an insured have to report a newly acquired automobile to
their insurer? - Answers 14 days
Under the OAP 1, what example would be considered an EXCLUSION for carrying passengers for hire? -
Answers Taxicab, bus, or sightseeing tour
Which example best describes the temporary substitute automobile as defined by the OAP 1? - Answers
The insured borrows a vehicle from a neighbour while his own vehicle is being repaired.
How does a vehicle driver use/access ridesharing application? - Answers Select ride requests, where a
rider indicates a pick-up and drop-off with locations and times
Which types of individuals are excluded from the OAP 1 while driving a customer's car as part of their
business? - Answers Anyone who sells, repairs, maintains, stores, or parks automobiles as part of a
business.
Who carries more risk, taxis or ridesharing services? - Answers Taxis as they are likely to be engaging in
this as their fulltime livelihood
What is carsharing? - Answers An arrangement set up through a mobile app that links car renters with
car owners.
What is another name for carsharing services? - Answers Peer-to-Peer car Rental
Which coverages are included under the carsharing commercial insurance policy? - Answers Third-Party
Liability, Accident Benefits, Uninsured Automobile, and Physical Damage
What geographical limit is specified in the OAP 1 for automobiles being operated, used, stored, or
parked in? - Answers Within Canada, the USA, and on a vessel travelling between these ports
How is described automobile defined in the OAP 1? - Answers Any automobile, or trailer registered in
the name of the policy holder and specifically described on the certificate of automobile insurance.
hat coverages are provided by the automobile policy for a temporary substitute vehicle, when the
insured's own automobile is temporarily out of service? - Answers Third-Party Liability and Accident
Benefits
Which statement best describes a ridesharing endorsement? - Answers Added to the standard owner's
policy; vehicle owner must meet the eligibility requirement and be insured with the insurer who offer
this coverage
Which scenario could potentially be covered as a newly acquired vehicle? - Answers Purchase of an
additional vehicle or replacement vehicle
To avoid a gap in coverage, how long does an insured have to report a newly acquired automobile to
their insurer? - Answers 14 days
Under the OAP 1, what example would be considered an EXCLUSION for carrying passengers for hire? -
Answers Taxicab, bus, or sightseeing tour
Which example best describes the temporary substitute automobile as defined by the OAP 1? - Answers
The insured borrows a vehicle from a neighbour while his own vehicle is being repaired.
How does a vehicle driver use/access ridesharing application? - Answers Select ride requests, where a
rider indicates a pick-up and drop-off with locations and times
