Registered Insurance Brokers of Ontario (RIBO) Practice Exam

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Which of the following is NOT an available option under O.A.P.1 Owner's Form?

  1. Increased Income Replacement Benefit

  2. Excess Economic Loss Endorsement

  3. Indexation Benefit

  4. Increased Caregiver Benefit

The correct answer is: Excess Economic Loss Endorsement

The Increased Income Replacement Benefit, the Indexation Benefit, and the Increased Caregiver Benefit are all available options under the O.A.P.1 Owner's Form. The Excess Economic Loss Endorsement is not an available option under the O.A.P.1 Owner's Form. This option may be confusing because it is similar to the Increased Income Replacement Benefit, but it refers to a different endorsement that is not included under the O.A.P.1 Owner's Form. Therefore, option B is the only incorrect choice.

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