Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Question: 1 / 475

What is the main purpose of the Family Protection Endorsement (OPCF 44)?

For all passengers of the insured auto.

When the insured and his/her spouse are the occupant of a non-owned auto.

For an insured person and his/her dependent family when a third party is at fault, but is uninsured or inadequately insured to cover the insured's claims.

The Family Protection Endorsement (OPCF 44) is a type of coverage that provides financial protection for insured individuals and their dependent family members in the event of an accident where the other driver is at fault, but does not have enough insurance coverage to fully compensate for the damages. Option A is incorrect because this endorsement only provides coverage for the insured and their family, not necessarily all passengers in the vehicle. Option B is incorrect because it only applies when the insured and their spouse are in a non-owned vehicle, not their own insured vehicle. Option D is incorrect because it does not specify coverage for other drivers, only family members who are injured while walking or riding a bicycle. The main purpose of the Family Protection Endorsement is to protect the insured and their family from potential financial burden in the event of an accident caused by an uninsured or underinsured third party.

Get further explanation with Examzify DeepDiveBeta

To cover any family member who may be injured while walking or riding a bicycle.

Next Question

Report this question

Download Registered Insurance Brokers of Ontario (RIBO) Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy