Voordeelbundel
RIBO EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS GRADED A+
RIBO EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS GRADED A+
[Meer zien]RIBO EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS GRADED A+
[Meer zien]INSURANCE - Answer-The undertaking by one person to indemnify another person against loss or 
liability for loss in respect of a certain risk or peril to which the object of the insurance may be 
exposed, or to pay a sum of money or other thing of value upon the happening of a certain event OR 
Shar...
Voorbeeld 2 van de 11 pagina's
In winkelwagenINSURANCE - Answer-The undertaking by one person to indemnify another person against loss or 
liability for loss in respect of a certain risk or peril to which the object of the insurance may be 
exposed, or to pay a sum of money or other thing of value upon the happening of a certain event OR 
Shar...
Mary lives in a townhouse unit that she rents. A fire in the unit next door also damages Mary's unit. 
The damage is significant and Mary will have to move out while it is being repaired. Which tenants 
policy section will cover the cost of providing her with a temporary place to live? 
Select one:...
Voorbeeld 3 van de 26 pagina's
In winkelwagenMary lives in a townhouse unit that she rents. A fire in the unit next door also damages Mary's unit. 
The damage is significant and Mary will have to move out while it is being repaired. Which tenants 
policy section will cover the cost of providing her with a temporary place to live? 
Select one:...
An insurance broker - Answer-means any person who for compensation, commission or other thing 
of value, with respect to person or property in Ontario, deals directly with public and holds himself, 
herself or itself out as : 
1. acts or aids in negotiating the contracts of insurance 
2. provides ri...
Voorbeeld 2 van de 6 pagina's
In winkelwagenAn insurance broker - Answer-means any person who for compensation, commission or other thing 
of value, with respect to person or property in Ontario, deals directly with public and holds himself, 
herself or itself out as : 
1. acts or aids in negotiating the contracts of insurance 
2. provides ri...
Which of the following statements best describes actual cash value? - Answer-The replacement cost 
at the time of loss less depreciation 
Personal injury liability under the Commercial General Liability Policy covers sums that the insured 
becomes legally obligated to pay: - Answer-Because of injury...
Voorbeeld 2 van de 8 pagina's
In winkelwagenWhich of the following statements best describes actual cash value? - Answer-The replacement cost 
at the time of loss less depreciation 
Personal injury liability under the Commercial General Liability Policy covers sums that the insured 
becomes legally obligated to pay: - Answer-Because of injury...
Risk - Answer-Chance of a loss 
Which type of risk is insured and why? - Answer-Pure risk, because speculative risk is comparable to 
gambling. 
3 Ways risk (management) is dealt with? - Answer-REDUCE: preventative measures 
ASSUME/RETAIN: Self-insure 
TRANSFER: purchase insurance 
Which of the foll...
Voorbeeld 2 van de 14 pagina's
In winkelwagenRisk - Answer-Chance of a loss 
Which type of risk is insured and why? - Answer-Pure risk, because speculative risk is comparable to 
gambling. 
3 Ways risk (management) is dealt with? - Answer-REDUCE: preventative measures 
ASSUME/RETAIN: Self-insure 
TRANSFER: purchase insurance 
Which of the foll...
incapicitated member - Answer-a member suffering froma physical or mental condition or disorder 
and can no longer carry on business as a registered insurance broker, this is typically determiend by 
the manager. 
insurance broker - Answer-any person who for any comepnsation, commission or other thi...
Voorbeeld 2 van de 6 pagina's
In winkelwagenincapicitated member - Answer-a member suffering froma physical or mental condition or disorder 
and can no longer carry on business as a registered insurance broker, this is typically determiend by 
the manager. 
insurance broker - Answer-any person who for any comepnsation, commission or other thi...
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 Fo...
Voorbeeld 4 van de 37 pagina's
In winkelwagenYour 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 Fo...
Which of the following provinces offer only government compulsory auto insurance? - Answer-British 
Columbia, Manitoba and Saskatchewan 
The definition of ordinary negligence? - Answer-Is the failure to do what a reasonable person would 
do in a given situation. 
A broker/agent is responsible for wh...
Voorbeeld 3 van de 27 pagina's
In winkelwagenWhich of the following provinces offer only government compulsory auto insurance? - Answer-British 
Columbia, Manitoba and Saskatchewan 
The definition of ordinary negligence? - Answer-Is the failure to do what a reasonable person would 
do in a given situation. 
A broker/agent is responsible for wh...
Implied Contract - Answer-a contract that comes about from the actions of the parties 
Express Contract - Answer-Terms have been specificity states and agreed upon by both parties 
Reinsurance - Answer-insurance for insurance companies 
Frequency - Answer-Percentage of what we insure. 
severity - An...
Voorbeeld 2 van de 6 pagina's
In winkelwagenImplied Contract - Answer-a contract that comes about from the actions of the parties 
Express Contract - Answer-Terms have been specificity states and agreed upon by both parties 
Reinsurance - Answer-insurance for insurance companies 
Frequency - Answer-Percentage of what we insure. 
severity - An...
The Manager, under the RIBO Act, may cancel the license of a member for non-payment of any 
prescribed fee after giving the member at least: - Answer-1 month notice in writing of the default 
and intention to cancel the registration subject to the continuing jurisdiction of the Corporation. 
Upon su...
Voorbeeld 2 van de 9 pagina's
In winkelwagenThe Manager, under the RIBO Act, may cancel the license of a member for non-payment of any 
prescribed fee after giving the member at least: - Answer-1 month notice in writing of the default 
and intention to cancel the registration subject to the continuing jurisdiction of the Corporation. 
Upon su...
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper PatrickKaylian. Stuvia faciliteert de betaling aan de verkoper.
Nee, je koopt alleen deze samenvatting voor €18,22. Je zit daarna nergens aan vast.
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 95033 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen