A local automobile dealer offers to pass leads to you as a registered insurance broker when cars are sold to customers who require automobile insurance. In return, he/she wants the premium for their spouse's car automobile insurance to be reduced. How would you respond to this request? O A) Certainly. I can reduce the premium up to the amount of the commission. OB) I can pay you a referral fee equal to the first year's premium. OC) Under RIBO regulations, I am prohibited from paying a finder's fee to a person who is not licenced or registered as a general insurance intermediary or who is not listed under Ontario Regulation 991, Section 15 (12). OD) I cannot pay you anything directly, but I can give your spouse a free home security system instead.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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A local automobile dealer offers to pass leads to you as a registered insurance broker when cars are sold to
customers who require automobile insurance. In return, he/she wants the premium for their spouse's car automobile
insurance to be reduced. How would you respond to this request?
OA) Certainly. I can reduce the premium up to the amount of the commission.
OB) I can pay you a referral fee equal to the first year's premium.
OC) Under RIBO regulations, I am prohibited from paying a finder's fee to a person who is not licenced or
registered as a general insurance intermediary or who is not listed under Ontario Regulation 991, Section 15
(12).
OD) I cannot pay you anything directly, but I can give your spouse a free home security system instead.
Transcribed Image Text:A local automobile dealer offers to pass leads to you as a registered insurance broker when cars are sold to customers who require automobile insurance. In return, he/she wants the premium for their spouse's car automobile insurance to be reduced. How would you respond to this request? OA) Certainly. I can reduce the premium up to the amount of the commission. OB) I can pay you a referral fee equal to the first year's premium. OC) Under RIBO regulations, I am prohibited from paying a finder's fee to a person who is not licenced or registered as a general insurance intermediary or who is not listed under Ontario Regulation 991, Section 15 (12). OD) I cannot pay you anything directly, but I can give your spouse a free home security system instead.
Additional Living Expense under a Homeowners Comprehensive policy is payable when the premises become unfit for
occupancy in which one (1) of the following circumstances?
OA) The insured must live elsewhere while the home is sprayed for insects.
OB) A room is damaged by rain entering a window left open during a heavy rainstorm.
OC) The insured's home has suffered damage by an insured peril.
OD) The insured is having his home renovated.
Transcribed Image Text:Additional Living Expense under a Homeowners Comprehensive policy is payable when the premises become unfit for occupancy in which one (1) of the following circumstances? OA) The insured must live elsewhere while the home is sprayed for insects. OB) A room is damaged by rain entering a window left open during a heavy rainstorm. OC) The insured's home has suffered damage by an insured peril. OD) The insured is having his home renovated.
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