OTL Study guides, Class notes & Summaries

OTL INSURANCE EXAM QUESTIONS & ANSWERS, 100% ACCURATE. VERIFIED/ Which organization took over from the Financial service commission of Ontario in June 2019? - - Financial Services Regulatory Authority of Ontario What is another name for a Mobil home? - -Manufactured How soon after the theft of a car had been reported to the insurer or the police, can an insured access the coverage under loss of use due to theft? - -72 Hours Why do comprehensive homeowners policies contain a list of speci...

OTL MOCK EXAM NUMBER ONE: QUESTIONS AND ANSWERS, GRADED A+ if the technical director of a company suddenly resigns it will be a loss of - human asset A replacement cost contract - in effect offends the principle of indemnity Consideration as it relates to insurance is - The Premium Actual cash value of an item is best described as - fair market value Proof of Loss - details a loss and the resulting claim An insured drives his car into the side of his house by accident. which policy will ...

OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ a) It does not certify the existence of insurance. - -Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. d) Accident and Sickness, Crime and Robbery. - -The Casualty Department underwrites: a) Homeow...

OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ which legislation authorizes federal licensing and supervision of insurance companies and solvency standards for insurers - -the insurance company act who lends their expertise and expert knowledge to field underwriting units - -technical underwriters what would be found in the insuring agreements of a policy - -the subject matter and the perils insured against what is the term when the insurer is deprived of ...

OTL PRACTICE EXAM A REVIEW QUESTIONS AND ANSWERS, RATED A+/ VERIFIED/ a) It does not certify the existence of insurance. - -Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. d) Accident and Sickness, Crime and Robbery. - -The Casualty Department underwrites: a) Homeowner ...

OTL PRACTICE EXAM #B EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ d. All of the above - -Coverage's available under auto policies across Canada include a. Uninsured Motorist Coverage, Accident Benefits and Loss of or Damage to Insured Auto b. Accident Benefits and collision c. Third Party Liability, Accident Benefits and Loss of or Damage to Insured Auto d. All of the above d. No coverage applies to temporary substitute vehicles - -Which statement is FALSE? a. A newly acquir...

OTL Practice Exam A Questions and Answers 100% Pass Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. - Answer- a) It does not certify the existence of insurance. The Casualty Department underwrites: a) Homeowner policies. b) Marine risks. c) Business property and stock. d...

OTL Practice Exam A Questions and Answers 100% Pass Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. - Answer- a) It does not certify the existence of insurance. The Casualty Department underwrites: a) Homeowner policies. b) Marine risks. c) Business property and stock. d...

OTL Practice Exam A Questions and Answers 100% Pass Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. - Answer- a) It does not certify the existence of insurance. The Casualty Department underwrites: a) Homeowner policies. b) Marine risks. c) Business property and stock. d...

OTL Practice Exam A 2024 Latest Questions With Complete Solutions.