Registered Insurance Brokers of Ontario (RIBO) Practice Exam

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Prepare for the Registered Insurance Brokers of Ontario Test. Study with comprehensive flashcards and multiple choice questions, each question provides hints and detailed explanations. Ace your exam with confidence!

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Ex-patriot insurance is most suitable for individuals who:

Live continuously in Canada
Travel frequently for short trips
Reside in another country for over 212 days
Are visiting Canada for less than 6 months

The correct answer is: Reside in another country for over 212 days

The correct choice highlights that ex-patriot insurance is specifically designed for individuals who reside in another country for an extended period, typically over 212 days. This type of insurance caters to the unique needs of individuals who have left their home country and want to ensure they are covered for various risks while living abroad. Ex-patriot insurance often includes coverage for health services, repatriation, and other essential services that may not be available to those who are visiting a country temporarily. In contrast, individuals who live continuously in Canada or travel frequently for short trips do not typically require ex-patriot insurance since they are either residing in their home country or experiencing short durations away from it. Those visiting Canada for less than 6 months are also not in an expatriate situation; instead, they might seek travel insurance that covers their temporary stay. Thus, understanding the characteristics of each situation reveals why the focus on long-term residence outside one's home country makes option C the most appropriate choice.