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Which one (1) of the following statements about "Section 6 - Direct Compensation-Property Damage Coverage" of O.A.P. 1 Owner's Policy is INCORRECT? OA) It covers damage to the automobile, certain unscheduled trailers, their equipment and contents caused by another automobile in Ontario, including loss of their use. OB) The policy on the other vehicle must be issued by an Ontario licensed insurer or one that has filed with the Financial Services Regulatory Authority of Ontario to provide this coverage. OC) The accident may occur anywhere in Canada and at least one other automobile involved is insured under a motor vehicle liability policy. OD) The insured would be covered, partially under O.A.P. 1 if partially at fault for the accident.

Which one (1) of the following statements about "Section 6 - Direct Compensation-Property Damage Coverage" of O.A.P. 1 Owner's Policy is INCORRECT? OA) It covers damage to the automobile, certain unscheduled trailers, their equipment and contents caused by another automobile in Ontario, including loss of their use. OB) The policy on the other vehicle must be issued by an Ontario licensed insurer or one that has filed with the Financial Services Regulatory Authority of Ontario to provide this coverage. OC) The accident may occur anywhere in Canada and at least one other automobile involved is insured under a motor vehicle liability policy. OD) The insured would be covered, partially under O.A.P. 1 if partially at fault for the accident.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Which one (1) of the following statements about "Section 6 - Direct Compensation-Property Damage Coverage" of O.A.P. 1 Owner's Policy is INCORRECT? OA) It covers damage to the automobile, certain unscheduled trailers, their equipment and contents caused by another automobile in Ontario, including loss of their use. OB) The policy on the other vehicle must be issued by an Ontario licensed insurer or one that has filed with the Financial Services Regulatory Authority of Ontario to provide this coverage. OC) The accident may occur anywhere in Canada and at least one other automobile involved is insured under a motor vehicle liability policy. OD) The insured would be covered, partially under O.A.P. 1 if partially at fault for the accident.
Transcribed Image Text:Which one (1) of the following statements about "Section 6 - Direct Compensation-Property Damage Coverage" of O.A.P. 1 Owner's Policy is INCORRECT? OA) It covers damage to the automobile, certain unscheduled trailers, their equipment and contents caused by another automobile in Ontario, including loss of their use. OB) The policy on the other vehicle must be issued by an Ontario licensed insurer or one that has filed with the Financial Services Regulatory Authority of Ontario to provide this coverage. OC) The accident may occur anywhere in Canada and at least one other automobile involved is insured under a motor vehicle liability policy. OD) The insured would be covered, partially under O.A.P. 1 if partially at fault for the accident.
Your client insures his/her condominium unit under a Condominium Unit Owners Comprehensive policy. The policy includes $10,000 Property Loss Assessment coverage. The building suffers severe damage in a fire. The Condominium Corporation assesses each unit owner $500 to cover the deductible under its Master Policy on the building. How much would your client's policy pay? OA) 80% of $500 because all Condominium Corporation Master Policies are subject to 80% co-insurance. OB) $500 less the policy deductible. OC) $500.00 OD) Nothing.
Transcribed Image Text:Your client insures his/her condominium unit under a Condominium Unit Owners Comprehensive policy. The policy includes $10,000 Property Loss Assessment coverage. The building suffers severe damage in a fire. The Condominium Corporation assesses each unit owner $500 to cover the deductible under its Master Policy on the building. How much would your client's policy pay? OA) 80% of $500 because all Condominium Corporation Master Policies are subject to 80% co-insurance. OB) $500 less the policy deductible. OC) $500.00 OD) Nothing.
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