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Understanding Business
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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Introduced in 1990, what is the Ontario Motorist Protection Plan commonly referred as? OA) Introduction to verbal threshold B) Ontario Automobile Policy (OAP1) OC) Direct Compensation and Property Damage OD) Uninsured Automobile
Transcribed Image Text:Introduced in 1990, what is the Ontario Motorist Protection Plan commonly referred as? OA) Introduction to verbal threshold B) Ontario Automobile Policy (OAP1) OC) Direct Compensation and Property Damage OD) Uninsured Automobile
Directly or indirectly, making an agreement as to the premium to be paid other than as set forth in the policy is considered "misconduct" under the RIB Act. Which one (1) of the following actions is NOT "misconduct"? OA) Allowing a refund to the client not authorized by the policy. OB) Giving a rebate to a policyholder of the whole or part of the premium. OC) Paying the cost of a family's vacation in Florida in return for them agreeing to purchase their insurance from you. OD) Allowing a dividend or bonus as provided for in the policy.
Transcribed Image Text:Directly or indirectly, making an agreement as to the premium to be paid other than as set forth in the policy is considered "misconduct" under the RIB Act. Which one (1) of the following actions is NOT "misconduct"? OA) Allowing a refund to the client not authorized by the policy. OB) Giving a rebate to a policyholder of the whole or part of the premium. OC) Paying the cost of a family's vacation in Florida in return for them agreeing to purchase their insurance from you. OD) Allowing a dividend or bonus as provided for in the policy.
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