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ONTARIO AUTO EXAM (RIBO) ALL
VERSIONS 2025 | LATEST AND ACCURATE
REAL EXAM QUESTIONS WITH DETAILED
ANSWERS | VERIFIED FOR GUARANTEED
PASS | LATEST UPDATE
Where would you find Upset Coverage under the OAP1?
A. In the Specified Perils Coverage.
B. Within the Collision Coverage Only.
C. In the Comprehensive Coverage.
D. In both the Collision and All Perils Coverage.
- ANSWER D. In both the Collision and All Perils Coverage.
The wordings on the OAP 1 that are legislated are known as the:
A. Conditions
B. General Conditions
C. Statutory Conditions
D. Standard Wordings.
- ANSWER C. Statutory Conditions
Under Ontario's Automobile legislation, Bill 59:
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A. Individuals are not permitted to sue for economic losses unless their injuries meet the
threshold.
B. Individuals are permitted to sue for Pain and Suffering providing that it is not greater than
80% of their net income.
C. Individuals are permitted to sue for medical expenses for catastrophic impairments.
D. Individuals are not permitted to sue under any circumstances.
- ANSWER C. Individuals are permitted to sue for medical expenses for catastrophic
impairments.
Under the requirements where loss or damage to the automobile occurs:
A. the insurer is required to make payment to the insured for actual cash value.
B. the insurer can repair or replace the damaged property with the like kind and quality.
C. the insurer must pay within 90 days of receipt of proof of loss.
D. the insured must protect the vehicle from further damage at his/her own expense.
- ANSWER B. the insurer can repair or replace the damaged property with the like kind and
quality.
A misrepresentation fact on an application for automobile insurance (OAF 1 ) may cause the
insurer to
A. Increase the deductible imposed.
B. Make an official complaint to the Superintendent of Insurance in the Province.
C. Demand the completion of a corrected OAF 1.
D. Void the contract.
- ANSWER D. Void the contract.
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Which coverages are legally required on on OAP1:
A. Third Party Liability, Property Damage and Uninsured Motorist coverage.
B. Third Party Liability, Property Damage,Uninsured Motorist coverage and Direct Compensation
- Property Damage.
C. Bodily Injury, Property Damage and Damage to Insured Auto.
D. Third Party Liability, Specified Perils and Uninsured Motorist coverage.
- ANSWER B. Third Party Liability, Property Damage,Uninsured Motorist coverage and Direct
Compensation - Property Damage.
Which of the following statements is NOT true?
A. Hitting a deer on a road trip north would usually be considered a comprehensive claim.
B. DCPD coverage only pays for damages which you are not responsible for.
C. Premium rebating by brokers is permitted by RIBO provided the insured is advised of the
practice before the rebate takes place.
D. Specified Perils coverage does not list war as an insured peril.
- ANSWER C. Premium rebating by brokers is permitted by RIBO provided the insured is
advised of the practice before the rebate takes place.
When the insured purchases second or replacement vehicle, coverage under OAP 1 is:
A. Not available until insurer has all the details.
B. Automatically extended for 14 days with the coverage the insured wants.
C. Automatically extended until the insured notifies the insurance company.
D. Extended for 14 days subject to the coverage already in place.
- ANSWER D. Extended for 14 days subject to the coverage already in place.
Which one (1) of the following statements is TRUE?
4
ONTARIO AUTO EXAM (RIBO) ALL
VERSIONS 2025 | LATEST AND ACCURATE
REAL EXAM QUESTIONS WITH DETAILED
ANSWERS | VERIFIED FOR GUARANTEED
PASS | LATEST UPDATE
Where would you find Upset Coverage under the OAP1?
A. In the Specified Perils Coverage.
B. Within the Collision Coverage Only.
C. In the Comprehensive Coverage.
D. In both the Collision and All Perils Coverage.
- ANSWER D. In both the Collision and All Perils Coverage.
The wordings on the OAP 1 that are legislated are known as the:
A. Conditions
B. General Conditions
C. Statutory Conditions
D. Standard Wordings.
- ANSWER C. Statutory Conditions
Under Ontario's Automobile legislation, Bill 59:
4
,4
A. Individuals are not permitted to sue for economic losses unless their injuries meet the
threshold.
B. Individuals are permitted to sue for Pain and Suffering providing that it is not greater than
80% of their net income.
C. Individuals are permitted to sue for medical expenses for catastrophic impairments.
D. Individuals are not permitted to sue under any circumstances.
- ANSWER C. Individuals are permitted to sue for medical expenses for catastrophic
impairments.
Under the requirements where loss or damage to the automobile occurs:
A. the insurer is required to make payment to the insured for actual cash value.
B. the insurer can repair or replace the damaged property with the like kind and quality.
C. the insurer must pay within 90 days of receipt of proof of loss.
D. the insured must protect the vehicle from further damage at his/her own expense.
- ANSWER B. the insurer can repair or replace the damaged property with the like kind and
quality.
A misrepresentation fact on an application for automobile insurance (OAF 1 ) may cause the
insurer to
A. Increase the deductible imposed.
B. Make an official complaint to the Superintendent of Insurance in the Province.
C. Demand the completion of a corrected OAF 1.
D. Void the contract.
- ANSWER D. Void the contract.
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Which coverages are legally required on on OAP1:
A. Third Party Liability, Property Damage and Uninsured Motorist coverage.
B. Third Party Liability, Property Damage,Uninsured Motorist coverage and Direct Compensation
- Property Damage.
C. Bodily Injury, Property Damage and Damage to Insured Auto.
D. Third Party Liability, Specified Perils and Uninsured Motorist coverage.
- ANSWER B. Third Party Liability, Property Damage,Uninsured Motorist coverage and Direct
Compensation - Property Damage.
Which of the following statements is NOT true?
A. Hitting a deer on a road trip north would usually be considered a comprehensive claim.
B. DCPD coverage only pays for damages which you are not responsible for.
C. Premium rebating by brokers is permitted by RIBO provided the insured is advised of the
practice before the rebate takes place.
D. Specified Perils coverage does not list war as an insured peril.
- ANSWER C. Premium rebating by brokers is permitted by RIBO provided the insured is
advised of the practice before the rebate takes place.
When the insured purchases second or replacement vehicle, coverage under OAP 1 is:
A. Not available until insurer has all the details.
B. Automatically extended for 14 days with the coverage the insured wants.
C. Automatically extended until the insured notifies the insurance company.
D. Extended for 14 days subject to the coverage already in place.
- ANSWER D. Extended for 14 days subject to the coverage already in place.
Which one (1) of the following statements is TRUE?
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