OTL AUTO CHAPTER 10 EXAM QUESTIONS AND ANSWERS FULLY SOLVED
Which endorsement is applied when a vehicle is rated on a predetermined value that limits the total
amount payable in a claim? - Answers OPCF 19 Limiting the Amount Paid for Loss or Damage Coverages
What coverage remains in effect when the insured adds the OPCF 16—Suspension of Coverage
endorsement? - Answers DCPD; Accident Benefits; Third Party Liability; and Fire, Theft and Vandalism
What vehicle is considered a non-owned automobile under the OAP 2? - Answers One that is in the care,
custody, or control of the insured, but is not operated by the insured
What documentation do lienholders receive under the OPCF 23 endorsements? - Answers Copy of the
endorsement as evidence of coverage
How many OAP 2—Driver's Automobile Policies are issued compared to OAP 1—Owner's Automobile
Policies? - Answers Relatively few
What is NOT a function of the OPCF 6B—School Bus Coverage? - Answers Gives specific coverage for
bodily injury to passengers and damage to their property
Why would an insurer request an endorsement to restrict coverage? - Answers Reduce risk
Under OAP 1, which endorsement is used to remove a named individual from most coverage? - Answers
OPCF 28A Excluded Driver
What endorsement should an individual purchase if they operate a government-owned vehicle as part
of their employment? - Answers OPCF 3—Government Owned Automobile
Peter emails his broker/agent to request a reduction to the third-party liability limit on his automobile
policy (from $500,000 to $100,000). Why would Peter's request be refused? - Answers Liability limits
cannot be purchased below the mandatory minimum of $200,000 in Ontario.
Which endorsement series is NOT considered a buyback endorsement? - Answers OPCF 19 Series:
Amount Paid
What form is used to vary the terms of the standard OAP 1? - Answers Endorsement
Under what circumstance would OPCF 43—Removing Depreciation Deduction endorsement be added to
an automobile policy? - Answers Insured purchases a new vehicle and wants to protect the full value of
the vehicle for a prescribed period of time.
Amir will lease a new vehicle. What endorsement must be added to his OAP 1? - Answers OPCF 5
Permission to Rent or Lease Automobiles & Extending Coverage to Specified Lessee(s)
What are some of the changes that would require the use of OPCF 25A? - Answers Change of address,
deletion of vehicle, addition of coverage
Which endorsement is applied when a vehicle is rated on a predetermined value that limits the total
amount payable in a claim? - Answers OPCF 19 Limiting the Amount Paid for Loss or Damage Coverages
What coverage remains in effect when the insured adds the OPCF 16—Suspension of Coverage
endorsement? - Answers DCPD; Accident Benefits; Third Party Liability; and Fire, Theft and Vandalism
What vehicle is considered a non-owned automobile under the OAP 2? - Answers One that is in the care,
custody, or control of the insured, but is not operated by the insured
What documentation do lienholders receive under the OPCF 23 endorsements? - Answers Copy of the
endorsement as evidence of coverage
How many OAP 2—Driver's Automobile Policies are issued compared to OAP 1—Owner's Automobile
Policies? - Answers Relatively few
What is NOT a function of the OPCF 6B—School Bus Coverage? - Answers Gives specific coverage for
bodily injury to passengers and damage to their property
Why would an insurer request an endorsement to restrict coverage? - Answers Reduce risk
Under OAP 1, which endorsement is used to remove a named individual from most coverage? - Answers
OPCF 28A Excluded Driver
What endorsement should an individual purchase if they operate a government-owned vehicle as part
of their employment? - Answers OPCF 3—Government Owned Automobile
Peter emails his broker/agent to request a reduction to the third-party liability limit on his automobile
policy (from $500,000 to $100,000). Why would Peter's request be refused? - Answers Liability limits
cannot be purchased below the mandatory minimum of $200,000 in Ontario.
Which endorsement series is NOT considered a buyback endorsement? - Answers OPCF 19 Series:
Amount Paid
What form is used to vary the terms of the standard OAP 1? - Answers Endorsement
Under what circumstance would OPCF 43—Removing Depreciation Deduction endorsement be added to
an automobile policy? - Answers Insured purchases a new vehicle and wants to protect the full value of
the vehicle for a prescribed period of time.
Amir will lease a new vehicle. What endorsement must be added to his OAP 1? - Answers OPCF 5
Permission to Rent or Lease Automobiles & Extending Coverage to Specified Lessee(s)
What are some of the changes that would require the use of OPCF 25A? - Answers Change of address,
deletion of vehicle, addition of coverage
