What coverage is NOT automatically included in an Ontario Automobile insurance policy? OA) Third-Party Liability OB) Direct Compensation Property Damage OC) Accident benefits OD) Collision or Upset What is "subrogation"? OA) It is the insurable interest of the mortgagee of a property. OB) It is the valuation of property after a loss covered by insurance. OC) It is the amount of insurance is too low to meet the co-insurance requirements in a policy. OD) It is action by an insurer after it pays a loss to recover from the party responsible.
What coverage is NOT automatically included in an Ontario Automobile insurance policy? OA) Third-Party Liability OB) Direct Compensation Property Damage OC) Accident benefits OD) Collision or Upset What is "subrogation"? OA) It is the insurable interest of the mortgagee of a property. OB) It is the valuation of property after a loss covered by insurance. OC) It is the amount of insurance is too low to meet the co-insurance requirements in a policy. OD) It is action by an insurer after it pays a loss to recover from the party responsible.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Transcribed Image Text:What coverage is NOT automatically included in an Ontario Automobile insurance policy?
OA) Third-Party Liability
OB) Direct Compensation Property Damage
OC) Accident benefits
OD) Collision or Upset

Transcribed Image Text:What is "subrogation"?
OA) It is the insurable interest of the mortgagee of a property.
OB) It is the valuation of property after a loss covered by insurance.
OC) It is the amount of insurance is too low to meet the co-insurance requirements in a policy.
OD) It is action by an insurer after it pays a loss to recover from the party responsible.
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