Book 1 Study 5 Flashcards
True or False : A driver’s abstract is a record of an insured’s losses.
False
True or False : Age, sex and marital status are rating factors which apply in all provinces.
False
True or False : Who the registered owner of actual owner is has no bearing on the premium for that automobile policy.
False
True or False : Auto policies pay an insured is defence costs arising out of an auto accident only if the insured is found not liable.
False
True or False : Quebec is the only province that requires both government and private industry automobile coverage.
True
True or False : The use of a vehicle is one determining factor of it’s premium.
True
True or False : In provinces having government automobile insurance plans, an insured receives no policy.
True
True or False : Automobile policy forms are controlled by legislation.
True
True or False : The vehicle itself is an important rating factor.
True
True or False : Coverage under an automobile policy begins at 12:01am in all provinces.
False
True or False : The application is used to establish whether or not there is an insurable interest.
True
True or False : All New Brunswick automobile insurance is provided by private industries.
True.
True or False : Premiums for automobile insurance are paid on a monthly basis under government operated plans.
False.
True or False : The more miles a vehicle is driven, the higher it’s insurance premiums will be.
True
True or False : A signed written application is required before an automobile policy is issued.
False
