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An accident in Ontario between two Ontario-registered cars leaves both cars damaged. Each car is insured for Direct Compensation-Property Damage but NOT for collision damage. Both drivers are found equally to blame for the accident. Which one (1) of the following statements is correct? OA) Your insured will be entitled to sue the other driver for damage to his/her car. B) Each driver will collect 50% of the damage to his/her own car under his/her own policy. OC) The other driver will be entitled to sue your insured for damage to his/her car. OD) Each driver will collect 50% of the damage to his/her own car under the policy of the other. Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally. Which one (1) of the following alternatives is a transfer of risk? OA) A monitored security system. OB) Self-insurance. OC) An agreement of purchase and sale. OD) Purchase of insurance.

An accident in Ontario between two Ontario-registered cars leaves both cars damaged. Each car is insured for Direct Compensation-Property Damage but NOT for collision damage. Both drivers are found equally to blame for the accident. Which one (1) of the following statements is correct? OA) Your insured will be entitled to sue the other driver for damage to his/her car. B) Each driver will collect 50% of the damage to his/her own car under his/her own policy. OC) The other driver will be entitled to sue your insured for damage to his/her car. OD) Each driver will collect 50% of the damage to his/her own car under the policy of the other. Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally. Which one (1) of the following alternatives is a transfer of risk? OA) A monitored security system. OB) Self-insurance. OC) An agreement of purchase and sale. OD) Purchase of insurance.

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An accident in Ontario between two Ontario-registered cars leaves both cars damaged. Each car is insured for Direct Compensation-Property Damage but NOT for collision damage. Both drivers are found equally to blame for the accident. Which one (1) of the following statements is correct? OA) Your insured will be entitled to sue the other driver for damage to his/her car. B) Each driver will collect 50% of the damage to his/her own car under his/her own policy. OC) The other driver will be entitled to sue your insured for damage to his/her car. OD) Each driver will collect 50% of the damage to his/her own car under the policy of the other.
Transcribed Image Text:An accident in Ontario between two Ontario-registered cars leaves both cars damaged. Each car is insured for Direct Compensation-Property Damage but NOT for collision damage. Both drivers are found equally to blame for the accident. Which one (1) of the following statements is correct? OA) Your insured will be entitled to sue the other driver for damage to his/her car. B) Each driver will collect 50% of the damage to his/her own car under his/her own policy. OC) The other driver will be entitled to sue your insured for damage to his/her car. OD) Each driver will collect 50% of the damage to his/her own car under the policy of the other.
Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally. Which one (1) of the following alternatives is a transfer of risk? OA) A monitored security system. OB) Self-insurance. OC) An agreement of purchase and sale. OD) Purchase of insurance.
Transcribed Image Text:Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally. Which one (1) of the following alternatives is a transfer of risk? OA) A monitored security system. OB) Self-insurance. OC) An agreement of purchase and sale. OD) Purchase of insurance.
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