OTL Practice Exam 100 Questions #B 2024-2025, Exams of Insurance law

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OTL Practice Exam 100 Questions #B 2024 - 2025

Coverage's available under auto policies across Canada include a. Uninsured Motorist Coverage, Accident Benelilts and Loss of or Damage lo Insured Auto b, Accident Benefits and collision c. Third Party Liability, Accident Benefits and Loss of or Damage to Insured Auto d. All of the above — ANS—d. All of the above Which statement is FALSE? a. A newly acquired auto is automatically insured for a specified period of time if it replaces another insured vehicle of similar type b. Tt is possible to insure more than one vehicle on the same policy c. An auto with a trailer attached is considered as one vehicle for the purposes of Accident Benefits limits d. No coverage applies to temporary substitute vehicles - ANS-d. No coverage applies to Llemporary substitute vehicles The following damage is included under all perils coverage: a. Vandalism of a vehicle b. Rusting of the vehicle body c. Radioactive contamination d, Damage caused lo the vehicle while the driver was under the influence of drugs — ANS~a. Vandalism of a vehicle Accident benefils do not pay any expenses, arising out of an aulo accident for: a. Vehicle damage b. Loss of wages c. Dental work d. Funerals - ANS~—a. Vehicle damage Which of the following is not covered under the specified perils section