최신IIC RIBO Level 1 Entry-Level Broker - RIBO-Level-1무료샘플문제
문제1
An insured's property has been damaged by fire. According to the Statutory Conditions, the insured must provide a "Proof of Loss" to the insurer. What is the standard timeframe for the insurer to pay the claim once a complete Proof of Loss has been received (assuming no appraisal is required)?
An insured's property has been damaged by fire. According to the Statutory Conditions, the insured must provide a "Proof of Loss" to the insurer. What is the standard timeframe for the insurer to pay the claim once a complete Proof of Loss has been received (assuming no appraisal is required)?
정답: A
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문제2
A building worth $120,000 is insured for $60,000 under a fire policy with an 80% co-insurance clause. Fire damages the building to the extent of $24,000. How much does the insurer pay?
A building worth $120,000 is insured for $60,000 under a fire policy with an 80% co-insurance clause. Fire damages the building to the extent of $24,000. How much does the insurer pay?
정답: B
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문제3
What is NOT an example of Equipment Breakdown for a commercial policy?
What is NOT an example of Equipment Breakdown for a commercial policy?
정답: B
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문제4
Stanley recently moved back to Ontario after living abroad for two years. He purchased a vehicle and is asking his Broker for insurance quotes. One insurance company's quote is favourable but the company prefers not to insure Stanley because of the gap in his insurance history. What should the Broker do to act within the scope of his agreement with the insurance company?
Stanley recently moved back to Ontario after living abroad for two years. He purchased a vehicle and is asking his Broker for insurance quotes. One insurance company's quote is favourable but the company prefers not to insure Stanley because of the gap in his insurance history. What should the Broker do to act within the scope of his agreement with the insurance company?
정답: C
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문제5
Under the Uninsured Automobile Coverage, who is covered for bodily injury or death?
Under the Uninsured Automobile Coverage, who is covered for bodily injury or death?
정답: C
문제6
Under a standard Mortgage Clause, what happens if the insured intentionally sets fire to their home?
Under a standard Mortgage Clause, what happens if the insured intentionally sets fire to their home?
정답: A
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문제7
Which statement regarding the Uninsured Automobile Coverage in your insured's O.A.P. 1 Owner's Policy policy is CORRECT?
Which statement regarding the Uninsured Automobile Coverage in your insured's O.A.P. 1 Owner's Policy policy is CORRECT?
정답: D
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문제8
Angela has an automobile policy with Maple Insurance that renews on August 1, 2026. Before July 1, 2026, Angela had Income Replacement Benefits, Caregiver Benefits, and Housekeeping Benefits included in her policy. Angela does not request any changes. Under the updated Statutory Accident Benefits Schedule (SABS), what happens to these benefits after July 1, 2026?
Angela has an automobile policy with Maple Insurance that renews on August 1, 2026. Before July 1, 2026, Angela had Income Replacement Benefits, Caregiver Benefits, and Housekeeping Benefits included in her policy. Angela does not request any changes. Under the updated Statutory Accident Benefits Schedule (SABS), what happens to these benefits after July 1, 2026?
정답: B
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문제9
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?
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?
정답: A
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문제10
Which of the following is a section in a Commercial General Liability policy?
Which of the following is a section in a Commercial General Liability policy?
정답: C
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문제11
Your client has been renting a house and carries a Tenants Comprehensive policy through your office. They are getting married soon and has just bought a house into which they will soon move. Which of the following actions should you NOT do?
Your client has been renting a house and carries a Tenants Comprehensive policy through your office. They are getting married soon and has just bought a house into which they will soon move. Which of the following actions should you NOT do?
정답: B
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문제12
Justin, the Insured, had a fire in his garden shed. His garden tools and outdoor chairs were inside the shed when the fire happened. Everything was destroyed during the fire. Justin has a homeowners comprehensive form subject to a deductible of $500. Which section of the policy would pay for this loss?
Justin, the Insured, had a fire in his garden shed. His garden tools and outdoor chairs were inside the shed when the fire happened. Everything was destroyed during the fire. Justin has a homeowners comprehensive form subject to a deductible of $500. Which section of the policy would pay for this loss?
정답: C
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문제13
An insured has incurred $24,000 in claims and has $40,000 in earned premiums. What is the insured's loss ratio?
An insured has incurred $24,000 in claims and has $40,000 in earned premiums. What is the insured's loss ratio?
정답: C
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