Your insured has just purchased a snowmobile and wants coverage for a fourteen (14) year old son to operate the vehicle. What arrangements would you make? Endorse the liability section of their Homeowner policy and add an "All Risks" policy for the snowmobile itself. Request a special under aged driver's permit from the Ministry of Transportation before coverage can be provided. Provide a Driver's Form (O.A.F. 2), since their son is under sixteen (16) years of age.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Your insured has just purchased a snowmobile and wants coverage for a
fourteen (14) year old son to operate the vehicle. What arrangements
would you make?
Endorse the liability section of their Homeowner policy and add an "All Risks"
policy for the snowmobile itself.
Request a special under aged driver's permit from the Ministry of
Transportation before coverage can be provided.
Provide a Driver's Form (O.A.F. 2), since their son is under sixteen (16) years
of age.
Provide an O.A.P. 1 Owner's Policy on the snowmobile with change form
OPCF 32 providing coverage for unlicensed operators off the public highway.
10:12 AM
Transcribed Image Text:Your insured has just purchased a snowmobile and wants coverage for a fourteen (14) year old son to operate the vehicle. What arrangements would you make? Endorse the liability section of their Homeowner policy and add an "All Risks" policy for the snowmobile itself. Request a special under aged driver's permit from the Ministry of Transportation before coverage can be provided. Provide a Driver's Form (O.A.F. 2), since their son is under sixteen (16) years of age. Provide an O.A.P. 1 Owner's Policy on the snowmobile with change form OPCF 32 providing coverage for unlicensed operators off the public highway. 10:12 AM
According to the Registered Insurance Brokers of Ontario's (RIBO's),
Guidelines on Marketing Practices, who can a Broker pay a referral fee to?
Financial advisor.
Client's lawyer.
Registered marketing company.
Car dealership.
Transcribed Image Text:According to the Registered Insurance Brokers of Ontario's (RIBO's), Guidelines on Marketing Practices, who can a Broker pay a referral fee to? Financial advisor. Client's lawyer. Registered marketing company. Car dealership.
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