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 Third Party Liability coverage, insurers are not liable for bodily injury if the insured allows someone to drive who has what issue?

Insufficient funds
Expired vehicle registration
Misplaced driver's license
Inexperience with the vehicle

The correct answer is: Misplaced driver's license

The correct answer highlights a significant aspect of third-party liability coverage. Insurers are not liable for bodily injury if the insured allows someone to drive who has a misplaced driver's license because it indicates that the driver may not have valid permission to operate the vehicle legally. If a driver can't produce a valid driver's license when requested, this can be seen as a failure to meet the legal obligations for operating a vehicle, thereby complicating the insurer's responsibility in the event of an accident. In contrast, while insufficient funds, expired vehicle registration, and inexperience with the vehicle may present challenges or risk factors, they do not directly equate to a breach of legal authority to operate the vehicle in the way that a misplaced driver's license does. Inexperienced drivers may still be legally permitted to drive, and financial issues or paperwork irregularities do not inherently negate the validity of the driver’s license itself.