While arranging the client's Ontario Automobile Policy (OAP1) policy, theclient tells the Broker that they use their car for about 6 hours per week toprovide a ride sharing service. What, if any, additional coverage is needed?Nothing, as the OAP1 now covers part-time ride sharing so long as thevehicle is primarily for personal use.An endorsement to the drivers OAP1 for rented or leased vehicles (OPCF 5)is required.A separate specific ride-sharing insurance policy is required as it is acommercial enterprise.An endorsement to the drivers. OAPE for transportation (OPCF 20) isrequired.

In the event of an accident involving a car, automobile insurance serves as a layer of financial…

Answered: While arranging the client's Ontario…

Similar questions

Waldo sells pre-packaged lunches to construction workers at a Peachtree Street construction site near the Georgia Tech campus. The pre-packed lunches include hand crafted sandwiches (made by Waldo's significant other), chips, and a piece of fruit. In total, product costs for Waldo are $3.50/lunch and he sells the product for $10.00 to his construction worker clientele. Ignore sales tax, Waldo doesn’t pay it anyway. When Waldo runs out of product, he simply takes orders from his remaining customers, walks two blocks to the Varsity Drive In, and buys the exact amount of product needed to fill the orders. Waldo charges each customer exactly $2.00 more per product than his costs, which will be variable based on the exact food orders placed by the individual workers. Waldo only provides this "courier" service if he runs out of his own product and performs the service to maintain goodwill with his customers. If instead of being under, Waldo is over on product, he sells his unsold lunches to…
Pls help ASAP
Which of the following statements BEST describes the primary difference between a Henim Maintenance on (IMO) and a Preferred Provider Organization (PPO A Under a PPO the insured may use any medical provider whereas providers are restricted with HMOS Under an HMO the deductibles are higher than are those of PPOS. PPOS do not provide preventive care benefits whereas HMOs do. HMOS utilize larger cost sharing than do PPOS OB COD
Gamestop Corp. said the following about its gift card sales in its most recent (2019) annual report:“We establish a liability upon the issuance of merchandise credits and the sale of gift cards. Revenue is subsequently recognized when the credits and gift cards are redeemed.”When Gamestop sells merchandise to a customer who is using a Gamestop gift card to purchase the merchandise, what is the impact on Gamestop’s financial statements? (Ignore any inventory effects) Liabilities decrease and cash decreases Liabilities increase and the Income Statement decreases Liabilities decrease and the Income Statement increases Liabilities decrease and cash decreases No effect because the transaction was already booked when the customer purchased the gift card
Which one of the following would likely NOT be considered a contractual document? Select one: a. A sign placed outside a car park entrance b. A travel brochure promoting a cruise c. A drycleaner's receipt d. A delivery docket
The personal feature of property insurance contracts means that: * A) subrogation always applies B) ambiguities in the wording will always be construed against the insurer C) insurance contracts cannot be freely transferred to other parties D) the buyer of insurance must have insurable interest in property before the policy is issued
Pls help ASAP
Under the UCC, a firm offer only applies to Group of answer choices merchants. merchants and nonmerchants. nonmerchants. option contracts.
In a _____, the owner-debtor gives a security interest in collateral to a creditor that allows the creditor to repossess the collateral if the owner defaults. Question 1 options: bailment gift secured transaction lease sale
hich of the following instances qualifies as an exception to providing the appraisal report to the applicant? If the loan is not consummated within the initial consummation date B CO D If the applicant does not agree with the choice of appraiser used If the applicant waives the timing requirement but must still receive the appraisal If the applicant decides to have an appraisal done at their own expense prior to cons OC on
Pls help ASAP
PLS HELP ASAP

SEE MORE QUESTIONS