7 Is a snowmobile considered to be an automobile for insurance purposes in Ontario?OA) No, it is not considered to be an automobile.OB) Yes, wherever it is being operated.OC) Only when being operated on a public highway.OD) Not when being operated by an underage driver. Why would you recommend a "Valued" policy on valuable property to an insured?OA) It establishes, at the time the policy is issued, the amount of insurance the insurer will pay in the event the property istotally damaged, lost or destroyed.OB) It provides for replacement cost of the property irrespective of the amounts of the insurance.OC) It is a special kind of policy, rarely issued and is therefore, highly "valued".OD) It will pay for the full value of the damage, however caused.

The laws and guidelines that govern the insurance sector are included in the insurance law. It deals…

Answered: Is a snowmobile considered to be an…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Is a snowmobile considered to be an automobile for insurance purposes in Ontario? OA) No, it is not considered to be an automobile. OB) Yes, wherever it is being operated. OC) Only when being operated on a public highway. OD) Not when being operated by an underage driver.