S1 Introduction to Automobile Insurance
Name the three (3) levels of government in Canada
What are:
Federal, Provincial / Territorial and Municipal.
This province became the first in Canada to permit electronic proof of auto insurance (EPAI), or “eSlips.”
What is:
Nova Scotia.
This policy provides coverage for drivers who are driving vehicles they do not own.
What is:
The SPF 2 (Driver’s Automobile Policy)
Automobile insurance falls under this level of government.
What is:
The Provincial / Territorial government.
Coverage may be varied only by using an approved standard endorsement form, or by specific approval of a provincial or territorial government regulatory body.
What is:
The Standard Policy Form.
When an insured driver commits and is convicted of one of these offences, the insurance policy may contain exclusions that allow the insurance company to deny coverage to the insured driver.
What are:
Criminal Code driving offences.
Motor vehicle liability cards are used for this purpose in most provinces and territories.
What is:
Proof that the required insurance is in force.
True or false: Laws in Canada’s various provinces and territories require that all motorists have automobile insurance.
TRUE. (Section A TPL and Section B Accident Benefits are mandatory coverages).
This person may not be entitled to certain types of Accident Benefits, and they may not be allowed to sue the at-fault driver for compensation for injuries received in the accident.
Who is:
Someone injured in an accident while driving or occupying an uninsured vehicle.
The insurance company may consider them “high-risk” drivers and charge them higher premiums or refuse to sell them insurance altogether.
Who are:
Persons convicted of driving without valid automobile insurance.
This level of government deals with customs and immigration.
What is:
The Federal government.
Better roads and better vehicles with greater speed capacity, plus affordability.
What are:
Reasons why insurance evolved to provide protection (potential for increased losses).
Reasons include physical damage to vehicles (incl. theft or fire), costs due to injury or death, and lawsuits.
What are:
Car use exposures requiring coverage.
These are designed to be used by different insurers and have exactly the same provisions, regardless of the insurer issuing the policy.
What are:
Standard Policy Forms.
List the 6 pieces of information contained on a liability card, AKA: "pink card".
Name and address of insured.
Name and address of insurer.
Name and address of broker or agent.
Description of insured vehicle.
Policy number.
Effective date and policy term.