RIBO-Level-1 試験問題を無料オンラインアクセス

The Regulations under the Registered Insurance Brokers (RIB. Act require an insurance broker to provide evidence that insurance has been placed on behalf of a client. How must this be done and within what time period?

• A.By providing the member of the public for whom they act with a receipt for the premium or portion thereof which has been paid and which indicates the date the policy is effective.
• B.By providing a policy or certificate of coverage to the member of the public for whom they act within
  21 days after the placing of the insurance.
• C.By providing a policy of insurance to the member of the public for whom they act within 30 days after placing the insurance.
• D.By providing a policy of insurance to the member of the public for whom they act within 5 days of receiving it from the insurer.

What is a Managing General Agent (MGA)?

• A.An agency contracted to do business on behalf of insurers.
• B.An insurance company contracted to do business.
• C.A broker contracted to do business on behalf of an insurer.
• D.A broker contracted to do business on behalf of an MGA.

A bank advises a Broker that their client's mortgage has not been paid for several months. What coverage is available to the Mortgagee on the client's Comprehensive Homeowner's Policy?

• A.The Standard Mortgage Clause allows the insurance company to cancel the policy on behalf of the mortgagee.
• B.The Broker can request the insurance company to cancel the policy for non-payment.
• C.There is no coverage for this on a Comprehensive Homeowner's Policy.
• D.The Broker can contact the client to advise of the Mortgage holder's concern.

A client is upset because their premium increased significantly even though they have had no claims. How should the Broker handle this situation to maintain the relationship?

• A.Offer a discount from the Broker's own commission to appease the client.
• B.Explain the market factors (e.g., "Hard Market," inflation in repair costs) and offer to conduct a "market search" to see if a more competitive rate is available.
• C.Tell the client that they have no control over rates and that the client should speak to the insurance company directly.
• D.Advise the client to cancel their policy immediately to protest the increase.

Which option correctly completes the following statement? Electronic accessories or equipment in an automobile are covered under O.A.P. 1 Owner's Policy...

• A.for their full replacement cost.
• B.for their full actual cash value.
• C.up to $5,000.
• D.for their full actual cash value if factory installed.