RIBO-Level-1 무료 덤프문제 온라인 액세스

What are three elements commonly found in a Commercial General Liability policy?

• A.Accident Benefits, Statutory Conditions, Exclusions.
• B.Insuring Agreements (coverage., Accident Benefits, Limits and Deductibles.
• C.Declaration page, Application, Warranties.
• D.Declaration page, Insuring Agreements (coverage., Limits and Deductibles.

A Broker is found guilty of violating a provision of the Registered Insurance Brokers (RIB) Act. What is the maximum punishment an individual can receive?

• A.A fine of $50,000.
• B.A fine of $25,000.
• C.A fine of $75,000.
• D.A fine of $100,000.

Sonia, a Broker, advises all their clients to purchase $2 million in personal liability insurance when they provide quotes. When checking their upcoming renewals, they notice several policies with only $1 million in personal liability coverage. They consider increasing these limits to $2 million automatically on renewal as the premium cost is only an additional $20, and asking the client if they are in agreement after. What legal principle would Sonia be in breach of?

• A.Personal Information Protection and Electronic Documents Act (PIPEDA).
• B.Negative Option Billing.
• C.Canadian Anti-Spam Legislation (CASL).
• D.The All-Comers (TAC) Rule.

Taro has a homeowner's insurance policy and purchases a 20 feet wakeboard boat with an inboard motor that has 115 horsepower. Does Taro need a separate insurance policy for the boat?

• A.Yes, Taro needs to get special marine insurance that can be purchased through the boat dealership.
• B.No, but Taro needs to notify their insurer about the new boat.
• C.Yes, homeowner policies have special limits on watercrafts and this boat would exceed those limits.
• D.No, watercrafts are covered under the homeowner's policy and Taro does not need to notify their insurer.

Which BEST describes Direct Compensation Property Damage (DCPD., also known as "No Fault Insurance"?

• A.When a collision occurs in a parking lot or on private property, fault determination rules do not apply.
• B.Neither party is At Fault when a collision occurs and each party pays their own deductible.
• C.The Third Party's insurance policy pays for the damages.
• D.Each party claims damages through their own policy and pays their deductible based on the percentage they are deemed to be at fault.