Ace the 2025 RIBO Exam – Boost Your Insurance Broker Swagger!

Question: 1 / 475

You may be guilty of misrepresentation when signing an Ontario Application for Automobile Insurance if you fail to disclose:

The auto is regularly used to deliver pizza in addition to being used for pleasure.

Misrepresentation refers to providing false or inaccurate information on an insurance application. In this scenario, option A would be considered misrepresentation because using the vehicle for commercial purposes (such as pizza delivery) increases the risk of accidents and therefore changes the terms of the insurance policy. Option B and C are important to disclose, but may not necessarily be considered misrepresentation as they do not change the terms of the policy. Option D is not directly related to the vehicle and would not be considered misrepresentation in this context.

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You were found at fault in a serious accident seven (7) years ago.

You were convicted of speeding 30 km over the limit 5 years ago.

You have a criminal record.

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