Automobile Insurance Flashcards

1
Q

One who brings a lawsuit against another

A

Plaintiff

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2
Q

Person who is having a lawsuit brought upon them

A

Defendant

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3
Q

Automobile market in Canada

A

Private insurance companies,
The provincial government,
Combination of private government

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4
Q

Provinces using private insurance companies

A

Territory’s,
Alberta,
Ontario,
Atlantic Canada

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5
Q

Provinces using the provincial government

A

British Columbia,
Manitoba,
Saskatchewan,
Quebec

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6
Q

Provinces using a combination of private and government

A

Quebec

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7
Q

Who approves forms for legislation

A

Superintendent

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8
Q

Automobile applications

A

a written and signed application s not required.

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9
Q

Is a record of an individual’s driving convictions which insurers may obtain from provincial motor vehicle departments

A

Drivers abstract

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10
Q

Start and end date of policy

A

Policy period

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11
Q

Times of policy period

A

Start time 12:01 AM
End time 12:01 AM
Unless requested immediately

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12
Q

Lessor

A

Bank

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13
Q

Lessee

A

Insured (person who holds the lease)

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14
Q

Assigning the correct price

A

Rating

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15
Q

Auto insurance must be available to any licensed owner or driver of a motor vehicle regardless of that person’s driving record or accident history

Risks are shared among all insurers

A

Facility association

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