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!

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Who is covered under the Third Party Liability section of the owner's policy?

Anyone struck or injured by the insured automobile
Anyone who personally operates the vehicle
Anyone who personally drives the vehicle with owner's consent
All of the above

The correct answer is: Anyone who personally drives the vehicle with owner's consent

The Third Party Liability section of an owner's policy covers any person who personally drives the vehicle with the owner's consent. This means that both the policy owner and the person driving the vehicle with their consent will be covered in case of an accident. Option A is incorrect because it does not specify any relation to the insured automobile or the owner's consent. Option B is incorrect because it only covers the person personally operating the vehicle, not anyone else who may drive it with the owner's consent. Option D is incorrect because it is too broad and does not specify the significance of the owner's consent in determining coverage.