Auto 1

Question 1

Insurers can only use forms approved by the superintendent. What are these forms

Answer 1

Claims form
Continuation certificate
Application of insurance
Policy endorsement or renewal

Question 2

This part of the OAF includes the person insured as the registered owner of the vehicle, helpful in obtaining an abstract or driving record

Answer 2

Section 1. Applicants name and postal code

Question 3

What is an OAF 1

Answer 3

Ontario application for automobile insurance

Question 4

What is an OAP 1

Answer 4

Ontario automobile policy ( owners form )

Question 5

All policies are under provincial jurisdiction. Who is in charge of the Ontario Jurisdiction

Answer 5

FSCO financial services commision or Ontario or FSRA

Question 6

Do you require a signed application form for a policy to be issued

Answer 6

No

Question 7

When a policy is issued and it differs in any way from the written application the insurer must

Answer 7

Notify the insured

Question 8

When a policy is issued and it differs from the written application the insurer must notify the insured in writing what is the next step

Answer 8

The insured had 7 days to notify the insurer in writing any objections. If nothing back the policy will stand

Question 9

This section of the application includes time, day, month and year of the policy inception. The expiry time is based on the registered postal code

Answer 9

Section 2 policy period

Question 10

This section of the application includes full description of the vehicle, unrepaired damage, use and annual distance, lien or lease and registered owner vs actual owner

Answer 10

Described Automobile

Question 11

This section of the application includes names of all drivers in the household or business, drivers license number of each, their date of birth, sex and marital status, date first licensed in canada and class of license at the time

Answer 11

Driver Information

Question 12

This section of the application includes accidents or claims made in the past 6 years

Answer 12

Section 5 previous accidents and insurance claims

Question 13

This section of the application includes convictions in the past 3 years excluding parking tickets

Answer 13

Section 6 convictions

Question 14

In this section we ask about retiree discount

Answer 14

Section 4 driver information

Question 15

To be eligible for a retiree discount the applicant must

Answer 15

Have no income, not working or operating a business. Be 65 or older. Be collecting CPP or QPP. Be the principal or rated driver of the vehicle

Question 16

This section of the application is a summary of sections 1-6 intended to be completed by the broker or agent. It will be used to calculate the premium

Answer 16

Section 7 rating information

Question 17

What are the 4 mandatory coverages

Answer 17

Direct compensation
Uninsured automobile
Accident benefits
Liability

Question 18

This mandatory coverage covers insured persons is someone else is killed or injured or their property is damaged in an automobile incident

Answer 18

Liability

Question 19

Liability mandatory coverage will pay ________________ for which the insured is ____________________ up to the _____________ of ___________

Answer 19

All sums, legally liable, limit of coverage

Question 20

This mandatory coverage pays benefits that insured persons are entitled to receive if injured or killed in an automobile accident

Answer 20

Accident Benefits

Question 21

This mandatory coverage provides coverage if the named insured or other insured persons are injured or killed by an uninsured motorist or by a hit and run

Answer 21

Uninsured automobile

Question 22

This mandatory coverage provides coverage in Ontario under certain conditions for damage to the insured automobile and to the property it is carrying when another motorist is responsible for the accident. Insureds will collect from their own insurers

Answer 22

Direct compensation property damage DCPD