C81 study 5 and more auto

Question 1

The three ways automobile insurance is marketed?

Answer 1

1) private insurance
2) government insurance
3) some covered by the government and top up through private (Quebec)

Question 2

This standard Automobile Policy Owners form is the forerunner of all other automobile policies.

Answer 2

S.P.F.1 or Q.P.F.1

Question 3

What Provinces have the “no-fault” on their automobile policy?

Answer 3

NS
PEI
NB
MAN
ON
SK
QU

Question 4

We can only use forms approved by the Superintendent these include:

Answer 4

An application for insurance
A policy, endorsement or renewal
A claims form
A continuation certificate

Question 5

Types of Automobile insurance:

Answer 5

Third party Liability
Accident Benefits
Own Damages

Question 6

___ is one who brings a lawsuit against another who is called the defendant.

Answer 6

Plaintiff

Question 7

A plantiff is one who brings a lawsuit against another who is called the ____

Answer 7

Defendant

Question 8

___ provides coverage over and above that provided by the basic compulsory government plans. They are used to increase limits and/or reduce deductibles. They may be issued by a government insurer or by private insurers.

Answer 8

Extension policies

Question 9

___ is a record of an individual’s driving convictions which obtain from provincial Motor Vehicle departments

Answer 9

Driver’s abstract

Question 10

Persons have an ___ when they stand to lose if the calamity which is insured against should happed. They must own the subject of the insurance or lose in some way if it is damaged or lost by the insured peril. No policy should be issued to insure anyone who won’t be out of pocket when an insured peril occurs.

Answer 10

insurable interest

Question 11

____ is an unincorporated nonprofit Association of insurers. It provides automobile insurance for owners and operators of motor vehicles who may otherwise have difficulty obtaining such insurance.

Answer 11

The Facility Association