Auto UW Random
A motorcycle valued at $76,000 including tax and accessories is otherwise acceptable and used only for personal recreation. This single characteristic makes it unacceptable under the rules shown
Value greater than $75,000 including tax and accessories
Outboard Motor Boats, Jet Ski/Sea-doo, and Catamarans/Sailboats of 20 feet (6 m) and under would be listed as
Watercraft
A home is factory-built in sections, transported to the property, professionally joined together, and placed on a permanent concrete foundation. Another factory-built home is constructed on a steel frame, has its underside skirted, and is tied down for stability. Only one of these is considered a Mobile Home. Which one
What is: home built on a steel frame, skirted and tied down
A customer places a private passenger vehicle on suspension of coverage. The premium for Bodily Injury, Property Damage, Direct Compensation Property Damage, and Collision decreases by this percentage.
90%
This stays on the drivers record for three years with the biggest premium impact on the first renewal following..
A customer has a modern classic vehicle with an appraisal completed 14 months ago. The appraisal otherwise meets every requirement shown. Can the appraisal be accepted
What is no
For an antique, modern classic, historic, or modified vehicle, the appraisal must have been completed within the last 12 months.
A customer wants to increase the amount of Personal Valuables Coverage. Rather than choosing any dollar amount, increases must be made in increments of this amount
What is $5,000
A tenant owns fewer belongings and appears to be a good fit for the Alternative Tenant Solution, but the system does not identify the location as an ATS zone. Is the tenant eligible, why or why not?
What is No
The location must be in an ATS zone identified by the system.
A homeowner has Enhanced Home Coverage. A claim involves $4,500 to rekey the locks, $5,500 of business property, and $45,000 of damaged solar panels. Based on the maximum limits shown, which of these losses could be covered in full under the Enhanced Extensions of Coverage
What are all three
👉 Locks: $6,000 | Business Property: $6,000 | Solar Panels: $50,000
A driver receives both an impaired driving conviction and a refusal to take a breath or blood test conviction from the same occurrence. For rating purposes, this is how many convictions are considered.
One Conviction
An imported 1980 kit car is not found on the VICC list, and the customer provides an appraisal. When entering the vehicle’s value, what amount must be used, and what two items must always be included
What is the appraisal value, including tax and accessories
A recreational boat is 34 feet long, valued at $145,000, and can reach 65 mph. Despite meeting the value and length limits, this one factor makes the risk ineligible
What is a speed exceeding 60 mph / 100 kmph
A part-time student owns only $10,000 in belongings and wants the Tenant Special Program intended for students. What is preventing them from qualifiying?
What is the requirement that the customer must be a full-time student
A customer wants additional protection while their home is under construction. This optional endorsement can buy back four exclusions. Name three of them.
What are theft or attempted theft, water damage, vandalism, or glass breakage?
Any three count!
A customer has a license suspension on their driving record. Regardless of what caused the suspension, this is the conviction type that should be entered in Policy Center.
Administrative Lapse or Suspension
a) refusing to provide a premium quotation within a reasonable time
b) Refusing to process an application for automobile insurance
c) Refusing to issue a contract
d) Refusing to renew a contract
e) Terminating a contract
These are examples of what?
adverse contractual action
A Yacht is valued at $155,000 including taxes and accessories and is owned jointly by two friends rather than spouses. Name the two separate reasons shown that make this risk ineligible.
What are a value over $150,000 and ownership by more than one individual, except spouses
Refugee status is one of four circumstances shown that can qualify a customer for the Other Reduced Limit Scenarios for tenants. Name two of the other three.
What are any two of:
A customer has the 43 endorsement and their vehicle is declared a total loss. When settling the claim, the insurer compares two different vehicle values and pays the lower amount. Name both values
What are the actual purchase price of the automobile and its equipment and the manufacturer’s suggested list price of the automobile and its equipment on the original date of purchase
You’re driving to work when you decide to reprogram your GPS while the vehicle is moving. Under the rules shown, the resulting conviction falls into this category.
Major Conviction
What is one of the reasons we can take adverse contractual action?
a) The non-payment of a premium or any portion of a premium
b) The failure of the insured or the applicant for a contract to inform the insurer or keep the insurer informed,
where requested to do so by the insurer, as to who is the principal driver of the automobile for which the
insurance coverage is or is to be issued
c) The insurer may refuse to renew or issue a contract, as the case may be, until the arrears are paid to the
insurer to which the arrears are owing, where:
▪ A premium or any portion of a premium that is owing in respect of a contract is in arrears¹
â–ª The insurer takes adverse contractual action because those arrears have not been paid, and
â–ª The person liable for those arrears applies to the insurer to renew or issue a contract or to any
other insurer to issue a contract
A cigarette speedboat meets value, Horsepower, length and ownership eligibilities. Can we insure this boat why or why not?
What is no?
15.6
A customer has a trailer built on a single chassis with wheels that can be relocated from time to time, but it is used as seasonal living quarters for camping. Should it be insured as a Mobile Home, and if not, where should you look to insure it?
What is No, it is a Park Model Trailer
Unlike an endorsement designed for one specific coverage change, this open-form endorsement can be used in authorized situations to modify policy conditions or adjust the premium
What is the All Purpose endorsement
A driver is involved in an accident where bodily harm has been caused, but knowingly fails to stop. Under the rules shown, this offence falls under this category of conviction.
Criminal Code Conviction