Alberta General Insurance Level 1 UPDATED Exam
2025/2026 WITH CORRECT/ACCURATE ANSWERS
Liability policies insure bodily injury and property damage on an occurrence basis. This includes
coverages for unexpected injury and damage which happens...
Ans: ...suddenly, over long periods of time.
Quiz When not named on the insurance policy, partners in a common law relationship will be entitled to
coverage only when they are able to prove that...
Ans: they were living with the Named Insured in a conjugal relationship outside marriage continuously
for a period of *three years*.
Quiz Liability Insurance - The types of bodily injury which the insurer agrees to pay on behalf of the
insured include:
Ans: bodily injury
sickness or disease
death resulting from any of these at any time
,Quiz An accident, including continuous or repeated exposure to substantially the same general harmful
conditions is otherwise known as a(n)...
Ans: occurrence
Quiz Which provinces provide compulsory automobile insurance coverage to residents?
Ans: British Columbia
Saskatchewan
Manitoba
Quebec
Quiz The broadest definition of disability is that found in the policies providing coverage of...
Ans: own occupation.
Quiz The Commercial General Liability Policy excludes payment for injury or damage to others arising
out of "the ownership, use or operation" of any automobile. What policy can provide these coverages?
Ans: S.P.F. 4 - Standard Garage Automobile Policy
Quiz Bailees for hire have a potential for loss to a customer's property while it is in their possession. The
extent of their liability may be a matter of...
Ans: both
tort law
, contract law
Quiz What is the surety?
Ans: the party who makes good the obligations to the obligee
Quiz Would the results of the business still be affected by the loss even after the business has
reopened? Debate and justify
Ans: If the answer is yes, then the Profits approach is best;
if the answer is no, then the earnings approach is best.
Quiz Business Interruption - If the date when the property is restored and the business reopens
coincides with the date when the business results equal what they would have been had no loss
occurred, the client needs what approach to income-replacement insurance?
Ans: Earnings approach.
Quiz EDP(Electronic Data Processing Equipment) Insurance is designed to cover the risks
Ans: arising out of the use of computers and associated equipment
Quiz What is meant by an insurer's adequate capacity?
Ans: its ability to provide a full range of insurance protection to clients
2025/2026 WITH CORRECT/ACCURATE ANSWERS
Liability policies insure bodily injury and property damage on an occurrence basis. This includes
coverages for unexpected injury and damage which happens...
Ans: ...suddenly, over long periods of time.
Quiz When not named on the insurance policy, partners in a common law relationship will be entitled to
coverage only when they are able to prove that...
Ans: they were living with the Named Insured in a conjugal relationship outside marriage continuously
for a period of *three years*.
Quiz Liability Insurance - The types of bodily injury which the insurer agrees to pay on behalf of the
insured include:
Ans: bodily injury
sickness or disease
death resulting from any of these at any time
,Quiz An accident, including continuous or repeated exposure to substantially the same general harmful
conditions is otherwise known as a(n)...
Ans: occurrence
Quiz Which provinces provide compulsory automobile insurance coverage to residents?
Ans: British Columbia
Saskatchewan
Manitoba
Quebec
Quiz The broadest definition of disability is that found in the policies providing coverage of...
Ans: own occupation.
Quiz The Commercial General Liability Policy excludes payment for injury or damage to others arising
out of "the ownership, use or operation" of any automobile. What policy can provide these coverages?
Ans: S.P.F. 4 - Standard Garage Automobile Policy
Quiz Bailees for hire have a potential for loss to a customer's property while it is in their possession. The
extent of their liability may be a matter of...
Ans: both
tort law
, contract law
Quiz What is the surety?
Ans: the party who makes good the obligations to the obligee
Quiz Would the results of the business still be affected by the loss even after the business has
reopened? Debate and justify
Ans: If the answer is yes, then the Profits approach is best;
if the answer is no, then the earnings approach is best.
Quiz Business Interruption - If the date when the property is restored and the business reopens
coincides with the date when the business results equal what they would have been had no loss
occurred, the client needs what approach to income-replacement insurance?
Ans: Earnings approach.
Quiz EDP(Electronic Data Processing Equipment) Insurance is designed to cover the risks
Ans: arising out of the use of computers and associated equipment
Quiz What is meant by an insurer's adequate capacity?
Ans: its ability to provide a full range of insurance protection to clients
