Registered Insurance Brokers of Ontario (RIBO) Practice Exam

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Which of the following types of insurance does not fall under General Insurance?

Property Insurance
Life Insurance
Liability Insurance
Automobile Insurance

The correct answer is: Life Insurance

Life Insurance does not fall under General Insurance because it is classified as a separate category known as Life Insurance. General Insurance typically encompasses various types of coverage that protect against risks related to property, liability, and specific types of events, like accidents involving vehicles. Property Insurance, Liability Insurance, and Automobile Insurance are all components of General Insurance. Property Insurance covers physical assets against damages or loss, Liability Insurance protects against claims resulting from injuries or damages to third parties, and Automobile Insurance addresses risks associated with the ownership and use of vehicles. All of these are designed to mitigate financial losses from various non-life-related events, clearly distinguishing them from Life Insurance, which focuses on the financial implications of a person’s life and death.