According to the Ontario Automobile Policy (OAP1), what is the earliest number of days from the inception of the policy that the insurer can terminate an insurance contract, by sending notice by registered mail to the insured's last known address, due to non-payment of the premium? 15 days. 30 days. 60 days. There is no time limit.
According to the Ontario Automobile Policy (OAP1), what is the earliest number of days from the inception of the policy that the insurer can terminate an insurance contract, by sending notice by registered mail to the insured's last known address, due to non-payment of the premium? 15 days. 30 days. 60 days. There is no time limit.
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Transcribed Image Text:According to the Ontario Automobile Policy (OAP1), what is the earliest
number of days from the inception of the policy that the insurer can
terminate an insurance contract, by sending notice by registered mail to
the insured's last known address, due to non-payment of the premium?
15 days.
30 days.
60 days.
There is no time limit.
Transcribed Image Text:The RIB Act grants the Discipline Committee power to impose penalties on
members found guilty of misconduct, which is defined under Section 15(1)
of Ontario Regulation 991. Which one (1) of the following acts is NOT
defined as "misconduct".
Being convicted after October 1, 1981 of a criminal offence or an offence
under the Insurance Act.
Failure to comply with the RIB Act, Regulations and By-laws.
The payment of any referral or finder's fee to an insurance broker registered
in the province of Quebec to act as an intermediary for insurance, other than
life insurance.
The use of any practice or conduct that results in unreasonable delay or
resistance to the fair adjustment of claims.
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