Registered Insurance Brokers of Ontario (RIBO) Practice Exam

If the liability exceeds the minimum limit of $200,000, the insurance company will pay for the bodily injury claims first, up to $190,000. Then, the remaining $10,000 will be used to cover the property damage claims. Option A is incorrect because it does not apportion the money properly, with only $5,000 for property damage. Option C is incorrect because it devotes too much money to bodily injury claims and not enough to property damage. Option D is incorrect because it devotes too much money to property damage claims and not enough to bodily injury. Therefore, option B is the correct apportionment of money for both bodily injury and property damage claims exceeding the minimum liability limit.