Registered Insurance Brokers of Ontario (RIBO) Practice Exam

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Prepare for the Registered Insurance Brokers of Ontario Exam with comprehensive quizzes, flashcards, and expert tips. Build your confidence and knowledge to succeed in your licensing journey!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Under Section 7, Physical Damage to Own Automobile Coverage, the insurer agrees to indemnify:

Any occupant of the vehicle.
Anyone driving with consent.
The name insured.
Any of the above.

The correct answer is: The name insured.

Section 7, Physical Damage to Own Automobile Coverage, specifically states that the insurer agrees to indemnify the name insured, meaning the person or entity listed as the main driver on the insurance policy. Option A is incorrect because it only applies to occupants of the vehicle, not the driver. Option B is incorrect because it also only applies to those driving with consent, not the main driver listed on the policy. Option D is incorrect because it encompasses both options A and B, but not the specific name insured outlined in Section 7.