Equivelency Automobile Quiz Copy

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 client phones to tell you he has bought a high-end stereo system costing $5,000, which has just been installed in his car. What should you tell him?

In the following statement about Section 6 – Direct Compensation – Property Damage – of the O.A.P. 1 Owner’s Form, one (1) is INCORRECT. Indicate which it is:

Newly acquired automobiles are automatically covered under and O.A.P. 1 Owner’s Form provided the insurer is notified:

One of the following statements is correct. Which one (1) is it? Electronic accessories or equipment are covered under O.A.P. 1 Owner’s Form:

The insured (who has automobile insurance) is struck by an automobile while riding her bicycle and receives minor injuries. Medical payments for the insured will:

Under the “What Automobiles Are Covered” section of O.A.P. 1 Owner’s Form, a newly acquired automobile is automatically covered for a period of 14 days. This automatic coverage is limited to:

Insurance under Section 7 of O.A.P. 1 Owner’s Form, Loss or Damage Coverages, is usually subject to a deductible. It does not apply to loss or damage caused by:

Which of the following is NOT true of recreational vehicles:

All clients should be counseled regarding the availability of optional benefits available under O.A.P. 1 Owner’s Form. Which one (1) of the following is NOT available?

The insured’s automobile is broken into and some articles are taken. Specified perils will cover:

Under Section 7, Physical Damage to Own Automobile coverage, the insurer agrees to indemnify:

Indicate the correct way to insure a snowmobile:

If the insured drove his automobile in to his own garage door, what would be included under the Own Damage coverage of his automobile policy?

If an insured automobile being driven by a person without the owner’s consent is involved in an accident, the only coverage available to that driver is certain coverage under:

An insured requests that the limit of liability in his/her automobile policy O.A.P. 1 be reduced. What is the minimum amount he/she must carry under Ontario law?

The insured leaves a tavern, gets in to his auto in an intoxicated state, and causes an accident on the way home. Which of the following would not be covered?

What type of automobile insurance policy provides liability coverage to a person who does not own an automobile but requires coverage for other automobiles?

The basic Income Replacement Benefit payable under O.A.P. 1 Owner’s Form, Section 4 – Accident Benefits Coverage is $400 per week. The actual amount is based on:

Under Loss of Use (subsequent to a theft of an automobile), reimbursement begins:

Which of the following is covered under the All Perils coverage (own damage) of an automobile policy?

Which of the following statements is NOT true? Lawsuits in Ontario are:

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?

In which of the following situations is coverage available for a temporary substitute automobile?

Provincial Insurance Acts governing automobile insurance applications state that:

The OPCF#44 Family Protection coverage:

To a person who has made or who knows of a material misrepresentation, the insurer is NOT required to pay:

In the Additional Agreements of the Insurer, Own Damage, the insurer agrees to waive subrogation against:

All accidents and claims within the following time period immediately preceding the application must be disclosed:

A horse and buggy are hit by an automobile. The horse is killed. The automobile has been damaged but not the buggy. Which of the following coverage apply?

Recovery from the responsible party for loss of income as a result of an auto accident, after trial is:

Rising water is covered under:

When a third party has been injured, which of the following could jeopardize the insured’s auto coverage?

The insurer is required to pay the money for which it is liable under the automobile insurance contract within sixty days after the:

Which one (1) of the following statements is TRUE?

Your insured has bought a snowmobile and advises you a fourteen year old son will also be operating it. You have provided your insured with an O.A.P. 1, Owner’s Form and advise that:

Insurance under O.A.P. 1 Owner’s Form, Section 7, Loss or Damage Coverages, is usually subject to a deductible. It does not apply to damage caused by:

Under Loss of Use due to theft, reimbursement ends upon:

Uninsured Automobile coverage

Highway Victims Indemnity Funds: