Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

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!

Practice this question and more.

Which coverage available in all provinces and territories in Canada contains some no-fault features?

Personal Liability Coverage
Accident Benefits
Collision Coverage
Comprehensive Coverage

The correct answer is: Accident Benefits

The correct answer is Accident Benefits. This coverage is available across all provinces and territories in Canada and is designed specifically to provide benefits to insured individuals regardless of who is at fault in an accident. This no-fault feature means that if a person suffers injuries from a motor vehicle accident, they can receive certain benefits directly from their own insurer, facilitating quicker access to medical treatments and financial support for loss of income. The other coverages mentioned do not inherently contain no-fault features. Personal Liability Coverage primarily addresses damages or injuries to others that the insured might be responsible for, typically necessitating a determination of fault. Collision Coverage is focused on damage to the insured's own vehicle resulting from a collision, which again relies on fault assessment for claims. Comprehensive Coverage offers protection against non-collision incidents like theft or weather-related damage but does not include no-fault attributes related to personal injury from accidents.