Ribo ontario - Study guides, Class notes & Summaries

RIBO ONTARIO AUTO COMPLETE EXAM WITH ALL QUESTIONS AND ANSWERS ...

Which one of the following events would be considered a robbery loss? - a.Money stolen from a custodian by threat of violence even though no weapon is used. b.Money stolen during a burglary. c.Theft of money by an employee. d.Disappearance of goods from the premises. A tenant in a high risk apartment negligently starts a grease fire and causes sever smoke damage to his/her own apartment including the hallways of the building and two other apartments. Under which part of the liability s...

ONTARIO AUTO EXAM (RIBO) Questions with Correct Answers

Ontario Auto Exam (RIBO) Questions and Answers Latest Update 2025 1: What does RIBO stand for? - correct answer - Registered Insurance Brokers of Ontario. 2: What is the primary purpose of auto insurance in Ontario? - correct answer - To provide financial protection against physical damage and bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. 3: What is the minimum required auto insurance coverage in Ontario? - corr...

ONTARIO AUTO EXAM (RIBO) UPDATED Exam Questions and CORRECT Answers 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. - Correct Answer- A. O.A.P. 1 Owner Form,

ONTARIO AUTO EXAM (RIBO) LATEST 2023 UPDATE WITH COMPLETE SOLUTION

ONTARIO AUTO EXAM (RIBO) QUESTIONS AND ANSWERS ALREADY PASSED 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. A. O.A.P. 1 Owner Form, suitably endorsed. Insurance under O.A.P. 1 Owner's Form, Section 7, Loss or Damage Covera...

A cigarette sets the automobile seat on fire and causes $450 damage. The policy shows a $300 deductible under Specified Perils. The insurer would pay: A. $0 B. $150 C. $300 D. $450 Deductible does not apply or is $0 in case of fire or lightening. - Answer-D. $450 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...

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