OTL PRACTICE EXAM B QUESTIONS AND ANSWERS
d. All of the above - CORRECT ANSWER✅✅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 - CORRECT ANSWER✅✅Which statement is
FALSE?
a. A newly acquired auto is automatically insured for a specified period of time if it replaces another
insured vehicle of similar type
b. It is possible to insure more than one vehicle on the same policy
c. An auto with a trailer attached is considered as one vehicle for the purposes of Accident Benefits
limits
d. No coverage applies to temporary substitute vehicles
a. Vandalism of a vehicle - CORRECT ANSWER✅✅The following damage is included under all perils
coverage:
a. Vandalism of a vehicle
b. Rusting of the vehicle body
c. Radioactive contamination
d. Damage caused to the vehicle while the driver was under the influence of drugs
a. Vehicle damage - CORRECT ANSWER✅✅Accident benefits do not pay any expenses, arising out of an
auto accident for:
,a. Vehicle damage
b. Loss of wages
c. Dental work
d. Funerals
b. Collision with a tree - CORRECT ANSWER✅✅Which of the following is not covered under the
specified perils section
a. Pitmarks in windshield from hail
b. Collision with a tree
c. Ferryboat sank, taking auto with it
d. Damage to car roof as a result of overturn during a riot
a. Are made up of definitions, rules and regulations which govern Auto Policies - CORRECT
ANSWER✅✅Statutory Conditions
a. Are made up of definitions, rules and regulations which govern Auto Policies
b. Are known as Special Conditions in Alberta
c. Contain the exact words as specified in the Charter of Rights
d. Do not apply to Extension Policies
b. Termination by the insurer can be achieved by giving notice by 15 days registered mail - CORRECT
ANSWER✅✅An auto policy:
a. Cannot be terminated in Quebec once it has been in effect
b. Termination by the insurer can be achieved by giving notice by 15 days registered mail
c. Termination by the insured requires 15 days notice
d. Termination by the insured is subject to a return premium on a pro-rate basis
, b. Comply with all requirements found in the policy - CORRECT ANSWER✅✅After being involved in an
accident where injuries occurred, an insured must:
a. Contact a lawyer immediately
b. Comply with all requirements found in the policy
c. Try to settle amicably with the injured parties
d. Not do anything until he knows if there will be a claim
c. Theft of the entire vehicle. - CORRECT ANSWER✅✅A deductible usually applies to
a. Fire damage
b. Lightning damage
c. Theft of the entire vehicle.
d. Answers A & B
d. Accident benefits - CORRECT ANSWER✅✅Automobile insurance in Canada contains certain no-fault
elements. Which coverage presently available in all provinces and territories has some no-fault
features?
a. Physical damage
b. Uninsured motorist
c. Third party liability
d. Accident benefits
b. Primary coverage - CORRECT ANSWER✅✅The Owner's policy of insurance coverage on a specific
automobile is
a. Excess coverage
b. Primary coverage
c. Secondary coverage
d. All of the above - CORRECT ANSWER✅✅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 - CORRECT ANSWER✅✅Which statement is
FALSE?
a. A newly acquired auto is automatically insured for a specified period of time if it replaces another
insured vehicle of similar type
b. It is possible to insure more than one vehicle on the same policy
c. An auto with a trailer attached is considered as one vehicle for the purposes of Accident Benefits
limits
d. No coverage applies to temporary substitute vehicles
a. Vandalism of a vehicle - CORRECT ANSWER✅✅The following damage is included under all perils
coverage:
a. Vandalism of a vehicle
b. Rusting of the vehicle body
c. Radioactive contamination
d. Damage caused to the vehicle while the driver was under the influence of drugs
a. Vehicle damage - CORRECT ANSWER✅✅Accident benefits do not pay any expenses, arising out of an
auto accident for:
,a. Vehicle damage
b. Loss of wages
c. Dental work
d. Funerals
b. Collision with a tree - CORRECT ANSWER✅✅Which of the following is not covered under the
specified perils section
a. Pitmarks in windshield from hail
b. Collision with a tree
c. Ferryboat sank, taking auto with it
d. Damage to car roof as a result of overturn during a riot
a. Are made up of definitions, rules and regulations which govern Auto Policies - CORRECT
ANSWER✅✅Statutory Conditions
a. Are made up of definitions, rules and regulations which govern Auto Policies
b. Are known as Special Conditions in Alberta
c. Contain the exact words as specified in the Charter of Rights
d. Do not apply to Extension Policies
b. Termination by the insurer can be achieved by giving notice by 15 days registered mail - CORRECT
ANSWER✅✅An auto policy:
a. Cannot be terminated in Quebec once it has been in effect
b. Termination by the insurer can be achieved by giving notice by 15 days registered mail
c. Termination by the insured requires 15 days notice
d. Termination by the insured is subject to a return premium on a pro-rate basis
, b. Comply with all requirements found in the policy - CORRECT ANSWER✅✅After being involved in an
accident where injuries occurred, an insured must:
a. Contact a lawyer immediately
b. Comply with all requirements found in the policy
c. Try to settle amicably with the injured parties
d. Not do anything until he knows if there will be a claim
c. Theft of the entire vehicle. - CORRECT ANSWER✅✅A deductible usually applies to
a. Fire damage
b. Lightning damage
c. Theft of the entire vehicle.
d. Answers A & B
d. Accident benefits - CORRECT ANSWER✅✅Automobile insurance in Canada contains certain no-fault
elements. Which coverage presently available in all provinces and territories has some no-fault
features?
a. Physical damage
b. Uninsured motorist
c. Third party liability
d. Accident benefits
b. Primary coverage - CORRECT ANSWER✅✅The Owner's policy of insurance coverage on a specific
automobile is
a. Excess coverage
b. Primary coverage
c. Secondary coverage
