Concepts
What does no fault mean in auto?
Claimants are compensated by their own Insurers regardless of who was at fault
What is the endorsement that removes depreciation on an owned, new automobile
Opcf 43 removing depreciation
What is the limit on non factory installed stereos
$1500
If the insured accidentally drove his automobile into his own garage door, what damage would be covered by the Own Damage coverage of his automobile policy?
His vehicle would be covered under collision
The insured (with an OAP 1) is struck by an automobile while riding her bicycle and receives minor injuries. Which policy and section would cover the medical expenses for the insured?
The insured’s Accident Benefits coverage of her OAP 1.
Why is automobile insurance in Canada regulated?
To manage the evolving uses of the automobiles in society
Generally, what does the family protection endorsement (OPCF 44R) cover?
The shortfall created if an at-fault driver carries inadequate insurance to pay for the bodily injury or death damages s/he caused to a third party.
The description of the degree of injury required for a claimant to sue for non- economic loss.
Verbal threshold
Section 7 - Loss or Damage Coverages of the OAP 1 is typically subject to a deductible which does NOT apply to loss or damage caused by which peril?
Fire or lightning
Sally is driving home from a party when she rear-ends a car. She refuses to provide a breath sample to police and is later convicted of this offence. Which accident benefits would Sally still be eligible to receive?
Médical, réhabilitation and attendant care. Funeral and death
The automobile insurance application asks about accident and claim details from the applicant. What time-period is requested?
6 years
The insured with an existing OAP 1 has purchased a snowmobile and calls to inquire if her fourteen year old son is insured while operating it off a public highway; how is the under-age operator best insured?
OPCF 32 Use of Recreational Vehicles by Unlicensed Operators should be added to the policy.
Your client calls to advise he/she needs insurance on a car leased from an automobile dealer. What is required
An OAP1 with the OPCF 5
An insured with an OAP 1 and the following coverages: Liability, Accident Benefits, and Comprehensive Loss or Damage Coverage, calls to make a claim for the loss of his car. While ice fishing on Lake Simcoe his automobile went through the ice and sank to the bottom of the lake. What coverage section would respond
Compréhensive
Sandra, a pedestrian, is seriously injured by a hit-and-run driver who is unidentified. Sandra is an Ontario resident but is not a licensed driver. Which plan would provide coverage for her injuries?
MVACF
Section 7 – Loss or Damage Coverages of the OAP 1 contains Additional Benefits provided by the insurer, including waiving the right to subrogate against which of the following?
Anyone who causes some damage to your car while driving it with your permission.
Which endorsement is applied when a vehicle is rated on a predetermined value that limits the total amount payable in a claim?
OPCF 19A Agreed Value of Automobiles
What is the income replacement benefit deductible?
1 week waiting period
An insured parks his car at a shopping mall and on his return finds it has been hit and damaged by another vehicle. He does not know who damaged his car. The insured’s coverage includes the OAP 1 with Liability, Accident Benefits, Comprehensive and OPCF44 Family Protection Endorsement. What section would cover the damage?
There would not be coverage.
In Ontario, uninsured automobile coverage applies when two vehicles are in a collision and one of the vehicles does not have insurance. To access the funds who must be at fault for the accident?
The uninsured motorist
What are the responsibilities of the insured if there is loss or damage to people or property as a result of an automobile related accident?
Notify the insurer in writing with complete details within seven days of the incident
Anne and her sisters rent a vehicle while on vacation. Anne, who will mainly drive the rental car, has an OAP 1 with an OPCF 27 added. Does Anne’s insurance extend to her sisters if they drive the rental car?
Yes, if her sisters have been specifically listed on Anne’s OPCF 27 endorsement.
Chris causes an accident and injures a third party while racing his automobile. How will Chris's insurer
His insurer is required to pay up to the provincial minimum limits to the third party claim.
Mohamad is injured while driving an automobile in the course of his employment. From which type of insurance would he collect benefits?
Mohamad can select either workers compensation or the accident benefits of his policy if his tort claim meets the verbal threshold.
What type of automobile insurance policy provides liability coverage to a person who does not own an automobile but requires coverage for other automobiles?
OAP2. Drivers policy