ONTARIO AUTO EXAM (RIBO) QUESTIONS WITH
DETAILED ANSWERS | GUARANTEED PASS | LATEST
UPDATE
Your client calls to advise he/she needs insurance on a car leased from an automobile dealer.
Which one (1) of the following policies is required?
A. O.A.P. 1 Owner Form, suitably endorsed.
B. O.P.F. #2 Driver's Form.
C. O.P.F. #6 Non-owned Automobile Form, suitable endorsed.
D. Garage Auto Form, suitably endorsed.
Accurate Answer: A.
Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Coverages, is usually subject
to a deductible. It does not apply to damage caused by:
A. Windstorm
B. Explosion
C. Vandalism
D. Fire
(P48. only fire + lightening /no deductible for fire + lightening)
Accurate Answer: D.
,Uninsured Automobile coverage:
A. Must be added by endorsement to O.A.P. Owner's Form
B. Only cover's bodily injury, but never property damage.
C. Can cover accidental damage to the insured's automobile, provided the uninsured owner or
the driver of the actual automobile is identified.
D. Provides coverage for third parties if the insured causes bodily injury and has breached a
statutory condition.
P.30 52.3 (Uninsured needs to be identified in order to be categorized under uninsured
insurance hence needs to be identified first, to make sure he did not have coverage/insurance in
reality)
Accurate Answer: C.
A client phones to tell you he has brought a high-end stereo system costing $5,000, which has
been installed in his car. What should you tell him?
A. Be sure to always lock the car, as there is no coverage if the system costing $5,000 is stolen
when the car is unlocked.
B. There is no coverage on the system without an approved security system in the car.
C. No further action is needed. The new system is automatically covered under his O.A.P. 1
Owners's Form as a part of the car.
D. To provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's Form endorsed
to cover its full value.
Accurate Answer: D.
,One of the following statements is correct. Which one (1) is it? Electronic accessories or
equipment are covered under O.A.P. 1 Owner's Form:
A. For the full replacement cost.
B. Up to $2,500 if installed after the vehicle is purchased
C. For the actual cash value if factory installed.
D. For the actual cash value.
Accurate Answer: C.
Your insured parks his/her automobile at a shopping mall and on his/her return it has been
damaged by another vehicle. Your insured has O.A.P. 1 Owner's Form with Liability, Accident
Benefits, Comprehensive and OPCF44, Family Protection Endorsement coverages. What section
would cover the damage?
A. Comprehensive
B. OPCF 44, Family Protection Endorsement
C. Liability
D. There would be no coverage
This type of loss would be covered under Collision or All perils, and the insured does not have
either of those coverages.
Accurate Answer: D.
, Insured under Section 7 of O.A.P. 1 Owner's Form, Loss or Damage Coverages, is usually subject
to a deductible. It does not apply to loss or damage caused by:
A. Water
B. Lightening
C. Vandalism
D. Windstorm
Page 48.: If you are insured for loss or damage caused by fire or lightening, there is no
deductible for these losses.
Accurate Answer: B.
Your insured calls to report while ice fishing on Lake Simcoe his/her automobile went through
ice. He/she has O.A.P. 1 Owner's Form with Liability, Accident Benifits and Comprehensive
Coverages. The insurer:
A. Would pay the claim in full
B. Would not pay the claim, as there is no coverage.
C. Would pay the claim, less deductible
D. Would not pay the claim, as the automobile was not being operated on a public highway.
P44. Loss would be covered under Comprehensive Coverage.
Accurate Answer: C.
DETAILED ANSWERS | GUARANTEED PASS | LATEST
UPDATE
Your client calls to advise he/she needs insurance on a car leased from an automobile dealer.
Which one (1) of the following policies is required?
A. O.A.P. 1 Owner Form, suitably endorsed.
B. O.P.F. #2 Driver's Form.
C. O.P.F. #6 Non-owned Automobile Form, suitable endorsed.
D. Garage Auto Form, suitably endorsed.
Accurate Answer: A.
Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Coverages, is usually subject
to a deductible. It does not apply to damage caused by:
A. Windstorm
B. Explosion
C. Vandalism
D. Fire
(P48. only fire + lightening /no deductible for fire + lightening)
Accurate Answer: D.
,Uninsured Automobile coverage:
A. Must be added by endorsement to O.A.P. Owner's Form
B. Only cover's bodily injury, but never property damage.
C. Can cover accidental damage to the insured's automobile, provided the uninsured owner or
the driver of the actual automobile is identified.
D. Provides coverage for third parties if the insured causes bodily injury and has breached a
statutory condition.
P.30 52.3 (Uninsured needs to be identified in order to be categorized under uninsured
insurance hence needs to be identified first, to make sure he did not have coverage/insurance in
reality)
Accurate Answer: C.
A client phones to tell you he has brought a high-end stereo system costing $5,000, which has
been installed in his car. What should you tell him?
A. Be sure to always lock the car, as there is no coverage if the system costing $5,000 is stolen
when the car is unlocked.
B. There is no coverage on the system without an approved security system in the car.
C. No further action is needed. The new system is automatically covered under his O.A.P. 1
Owners's Form as a part of the car.
D. To provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's Form endorsed
to cover its full value.
Accurate Answer: D.
,One of the following statements is correct. Which one (1) is it? Electronic accessories or
equipment are covered under O.A.P. 1 Owner's Form:
A. For the full replacement cost.
B. Up to $2,500 if installed after the vehicle is purchased
C. For the actual cash value if factory installed.
D. For the actual cash value.
Accurate Answer: C.
Your insured parks his/her automobile at a shopping mall and on his/her return it has been
damaged by another vehicle. Your insured has O.A.P. 1 Owner's Form with Liability, Accident
Benefits, Comprehensive and OPCF44, Family Protection Endorsement coverages. What section
would cover the damage?
A. Comprehensive
B. OPCF 44, Family Protection Endorsement
C. Liability
D. There would be no coverage
This type of loss would be covered under Collision or All perils, and the insured does not have
either of those coverages.
Accurate Answer: D.
, Insured under Section 7 of O.A.P. 1 Owner's Form, Loss or Damage Coverages, is usually subject
to a deductible. It does not apply to loss or damage caused by:
A. Water
B. Lightening
C. Vandalism
D. Windstorm
Page 48.: If you are insured for loss or damage caused by fire or lightening, there is no
deductible for these losses.
Accurate Answer: B.
Your insured calls to report while ice fishing on Lake Simcoe his/her automobile went through
ice. He/she has O.A.P. 1 Owner's Form with Liability, Accident Benifits and Comprehensive
Coverages. The insurer:
A. Would pay the claim in full
B. Would not pay the claim, as there is no coverage.
C. Would pay the claim, less deductible
D. Would not pay the claim, as the automobile was not being operated on a public highway.
P44. Loss would be covered under Comprehensive Coverage.
Accurate Answer: C.
